{"title":"Blockchain and its Applications: A Conceptual Legal Primer","authors":"Ross P. Buckley, Anton N Didenko, Mia Trzecinski","doi":"10.1093/jiel/jgad010","DOIUrl":null,"url":null,"abstract":"\n Blockchain is a potent buzzword and a potentially transformative technology. Diverse businesses are looking to leverage this technology to reap its alleged benefits of increased efficiency, reduced costs, enhanced transparency, and improved traceability. Yet, significant confusion persists about the structure, utility, and applicability of blockchain technology. A clear understanding of what blockchain is and how it works is especially important for lawyers advising clients on the applications that use, or purport to use, it. This article aims to assist lawyers and regulators by providing conceptual clarity about what blockchain is, how it works, and its main use cases. These use cases include smart contracts, cryptoassets, and some central bank digital currencies. These applications may transform business practices, or even entire monetary and payment systems, so conceptual clarity among lawyers will only become more vital.","PeriodicalId":46864,"journal":{"name":"Journal of International Economic Law","volume":null,"pages":null},"PeriodicalIF":2.6000,"publicationDate":"2023-03-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Journal of International Economic Law","FirstCategoryId":"90","ListUrlMain":"https://doi.org/10.1093/jiel/jgad010","RegionNum":1,"RegionCategory":"社会学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q1","JCRName":"LAW","Score":null,"Total":0}
引用次数: 0
Abstract
Blockchain is a potent buzzword and a potentially transformative technology. Diverse businesses are looking to leverage this technology to reap its alleged benefits of increased efficiency, reduced costs, enhanced transparency, and improved traceability. Yet, significant confusion persists about the structure, utility, and applicability of blockchain technology. A clear understanding of what blockchain is and how it works is especially important for lawyers advising clients on the applications that use, or purport to use, it. This article aims to assist lawyers and regulators by providing conceptual clarity about what blockchain is, how it works, and its main use cases. These use cases include smart contracts, cryptoassets, and some central bank digital currencies. These applications may transform business practices, or even entire monetary and payment systems, so conceptual clarity among lawyers will only become more vital.
期刊介绍：
The Journal of International Economic Law is dedicated to encouraging thoughtful and scholarly attention to a very broad range of subjects that concern the relation of law to international economic activity, by providing the major English language medium for publication of high-quality manuscripts relevant to the endeavours of scholars, government officials, legal professionals, and others. The journal"s emphasis is on fundamental, long-term, systemic problems and possible solutions, in the light of empirical observations and experience, as well as theoretical and multi-disciplinary approaches.
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