Relevance of Blockchain for Corporate Lawyers

Significant aspects of corporate life will likely be conducted on blockchains in the forthcoming years. The transition has already begun, and various early movers are showing examples how to govern corporate life more efficiently, more transparently and possibly more trustworthy. Even though these cases are only introductory, the potential is recognizable. Therefore, these adaptations are likely to require legislative, regulatory and judicial assistance. This article aims to clarify for those, who are not yet acquainted with blockchain, the blockchain technology and economy behind it and subsequently provide with the most recent developments in the use of blockchain in corporate life, including cryptocurrency, blockchain voting systems as well as using blockchain for contracting purposes. The aspiration of this article is to initiate a discussion in Denmark concerning blockchain and its potential use in order to continue building Denmark as one of the most innovative countries in Europe and in the world.