By Joseph Raczynski
Abstract: This white paper discusses the history, inner workings and applications of blockchain, an online public ledgering system, and how it will soon significantly impact many aspects of the legal industry. The first part of this paper will show the marvels and the pitfalls of Bitcoin and its underlining blockchain technology. The second part will describe what full global adoption of a cryptocurrency and blockchain technology would entail. And the third will explain the potential legal implications of blockchain technology.
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