Ethereum, the second largest blockchain-based platform by market cap, is tentatively scheduled to convert its consensus mechanism from proof-of-work (PoW), which incentivizes miners to solve mathematical puzzles to update the...more
The non-fungible token (NFT) market has grown dramatically over the past 24 months. NFTs first garnered widespread attention when the artist Beeple sold digital artwork at Christie’s in March 2021 for $69 million. According...more
As innovative applications with integrated smart contract functionality emerge from blockchain technology platforms, there is an expanding list of digital currencies, tokens and peer-to-peer financial products and services....more
The real estate industry is frequently identified as one of the most likely early adopters of blockchain technology and smart contracts. However, industry participants remain skeptical as to the timing and magnitude of the...more
This spring, Arizona became one of the first states in the U.S. to enact a law explicitly granting smart contracts the same legal effect, validity and enforceability as their standard contract counterparts. “Smart contracts”...more
Early indicators in 2017 suggest that blockchain technology is further along than anticipated and the potential implications of its development should not be ignored. However, caution should be exercised due to imprecise...more
By changing the way that information is digitally stored and exchanged, blockchain technology will alter the way real estate is recorded, transferred, financed and managed globally.
Bitcoin, the popular virtual currency...more
You have probably heard of Bitcoin, a peer-to-peer, non-governmental currency. Bitcoin is the first money that is its own payment system. That is, no bank, money transmitter or intermediary of any kind is required to clear...more