A crash course in blockchain at ABA Techshow started Friday with Oliver Goodenough instructing participants to repeat after him its more useful generic description, "distributed ledger technology." Lawyers may have little need for Bitcoin, the technology’s breakout application in digital currency, the Vermont Law School professor said. But lawyers use ledgers—in areas as diverse as property records, UCC filings, court records, fund transfers, chains of custody, contracts and

Each party on a blockchain has access to the entire database and its complete history. No single party controls the data or the information.

Smart contracts are not necessarily meant to be legally enforceable, and their formation varies depending on the nature of the agreement bet