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ARTICLE · 24 JUNE 2019

Uses Of Blockchain In The M&A Process

We have previously explored some potential uses of blockchain in the M&A process.

CanadaTechnology

We have previously explored some potential uses of blockchain in the M&A process. Generally, blockchain refers to a growing list of blocks linked by cryptography. Each block contains a timestamp and a link to the previous block. When a new block is added to the growing list, it is verified by independent parties on the peer-to-peer network and is by design, decentralized and resistant to modification of the data. The possibilities are immense – but ultimately, what are some of the ways that blockchain can help the M&A process?

One key area may be with the use of "smart contracts" – an umbrella term used to describe computer protocols that facilitate, verify or enforce the negotiation or performance of a contract. Blockchain allows further development of the smart contract, as parties can deploy their smart contracts on a blockchain, where all terms are transparent, unalterable and automatically enforced.

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