Blockchain, Bitcoin—Why Should We Care and What Should We Know?

Florham Park partner Tracey Salmon-Smith discussed “Blockchain, Bitcoin—Why Should We Care and What Should We Know?” at the National Bar Association’s 94th Annual Convention on July 24, 2019, in New York City.

The creation of Blockchain in 2008 led to the subsequent invention of Bitcoin and other cryptocurrencies. With the rise of these cryptocurrencies comes a plethora of questions and challenges, from what defines cryptocurrency to potential legal risks. Tracey helped lead a conversation touching on several key topics, including:

• Blockchain vs. Bitcoin
• Key characteristics of Blockchain, including types, and reasons for use
• Industries likely to be changed by Blockchain technology
• Potential legal risks and challenges