Educate lawyers about blockchain

Posted by Dan Bindman

The UK is running out of time to establish itself as the legal jurisdiction of choice for governing transactions involving new technologies.

Quite senior people tended “to glaze over” when confronted with the subject of distributed ledger technologies, which hampered their willingness to address issues around it

“People do not need to understand the technical details, they need to understand how distributed ledgers − recording immutably every aspect of every transaction, and smart documentation and contracts − will change legal business, transactional or litigious, the consumer world… the way financial and insurance markets work…[and] the way people’s personal finances will operate. And that’s just a few sectors for a start.”

Blockchain-based agriculture traceability

by FarmErp

Blockchain-based agriculture traceability is gaining momentum as a great way to take prompt and accurate actions in case of food recalls.

the top 5 benefits of traceability for your agribusinesses are:

Blockchain-based agriculture traceability
  • Quick Response to Food Recall Incidents
  • Food Safety and Compliance With Quality Standards
  • Streamlined Supply Chain Operations
  • Higher Customer Trust and Confidence
  • Much Better Market Prices for Agriproducts

Blockchain-based agriculture traceability helps on it.

Blockchain use cases

Opinions from Mark Smith

Early adopters of blockchain use cases have benefited from the efficiencies generated by novel technologies.

Blockchain can significantly reduce risk in a way that impacts the bottom line.

Blockchain can cut counterparty exposure by approximately 80% in the FX forward currency market.

Blockchain can eliminate reconciliation problems.

Blockchain can integrate with existing data solutions to improve overall data quality and provide more value to end-users of data.

Financial institutions will look to blockchain as the solution of choice in the area of green energy.