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13 February 2019 / Jeffrey Catanzaro
Issue: 7828 / Categories: Features , Profession , Technology
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Blockchain: under lock & key?

It’s not a question of if but when this new technology will start to transform law firms, so the time to prepare is now, says Jeffrey Catanzaro

Blockchain has the power to revolutionise so many sectors in so many ways, and it is likely we will continue to read more and more about this technology and its practical applications in 2019.

For example, blockchain is being used to track the provenance of food, to ensure it is what it says on the label: the technology can prove an onion has been grown organically, or that a piece of fish used in your sushi is sustainable. In the financial world, blockchain has the potential to be a gamechanger by creating more secure transactions, and it also forms the basis for cryptocurrencies. The music industry is using blockchain to stamp out illegal downloads and ensure artists are properly compensated. The automotive sector is utilising the platform to manage supply chains and track vehicles. You get the picture: blockchain can transform most sectors

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NEWS
Restrictions on workplace non-disclosure agreements could make settlements slower, more complex and more expensive when reforms expected in 2027 take effect
Private prosecutors face closer scrutiny under Crown Prosecution Service guidance designed to strengthen accountability and consistency when intervention is requested
Foreign states cannot necessarily claim immunity for cyber operations launched abroad against computers in Britain, following a divided Supreme Court ruling
Defendants who make unsupported complaints about their lawyers risk losing legal aid while confiscation proceedings continue without representation
Lawyers advising Russian clients face different sanctions restrictions across the UK, EU and US, despite their shared objective of increasing pressure on Russia
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