The digital revolution gathers momentum, and almost every day there are new technological developments. This briefing looks at one of these developments; blockchain contracts, also known as ‘smart contracts’, the benefits as well as the legal issues that may arise under these contracts.
This briefing is one of a continuing series that aims to share the Club’s legal expertise with our Members. A significant proportion of the expertise in the Managers’ offices around the world consists of lawyers who can advise Members on general P&I related, legal, contractual and documentary issues. These lawyers participate in a virtual team, writing about topical issues under the leadership of our Legal Director, Chao Wu.