ARTICLE · 12 JULY 2018

Why Bankers And Lawyers Need To Understand Blockchain And Smart Contracts

Dentons Canada LLP

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When most people hear the terms "blockchain" and "DLT", they immediately think of Bitcoin and other cryptocurrencies. This is not surprising due to the constant media coverage surrounding...

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This article was co-authored by Ilan Levy, a summer student in the Toronto office.

This article will discuss (i) how blockchain and distributed ledger technology ("DLT") and smart contracts will reshape the corporate lending space throughout the world; (ii) practical examples of near-term opportunities for the financial community to leverage this technology in a meaningful way; and (iii) the new roles that bankers and lawyers can play when using this technology.

Blockchain and DLT is not to be confused with Bitcoin

When most people hear the terms "blockchain" and "DLT", they immediately think of Bitcoin and other cryptocurrencies. This is not surprising due to the constant media coverage surrounding the meteoric rise in the value of the cryptocurrency market.

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