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Blockchain: legal and regulatory guidance report

The Law Society UK | Sep 7, 2020

The Law Society Blockchain legal and regulatory guidance - Blockchain: legal and regulatory guidance report

The Law Society UK has produced a report with the Tech London Advocates' (TLA) Blockchain Legal and Regulatory Group, which sets out key issues for legal practitioners to be aware of when advising on distributed ledger technologies (DLT).

It’s clear that lawyers are starting to become familiar with DLT and other emerging technologies like smart legal contracts and cryptoassets.

The pandemic has incentivised firms of all types and sizes to embrace new technologies. As the economy recovers, we’ll see a further increase in lawtech adoption rates across the profession.

The report includes a list of key recommendations on the many aspects relating to DLT, including:

  • commercial application
  • data governance
  • intellectual property
  • data protection measures
  • dispute resolution

The report will provide a clear framework and much needed guidance on the use of blockchain in the legal services sector.

Download the Blockchain Legal and Regulatory Guidance PDF (141 pages) --> NOW

 

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