Leveraging Blockchain Technology in Legal Work Process Sheree Ip

Blockchain Technology Blockchain is an immutable distributed digital public ledger. In other words a highly secure digital database. It organises and encrypts blocks information into the database, in chronological order. Each block contains a “hash” of the previous block.

Blockchain Technology and Legal

Smart Contracts

Smart Contracts Smart Contracts are a computerised transaction protocol that executes the terms of a contract. A self executing contracts that exist on the blockchain. Smart Contracts are reactive to events that occur - “if” and “then” programming.

Smart Contracts