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VIDEO · 14 MARCH 2023

Blockchain And Smart Contracts: A Legal And Practical Perspective (Video)

Lydian
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In recent decades, terms like "blockchain" and "smart contracts" have been cropping up everywhere in the media, on the internet and recently also in national and European legislative debates.

European UnionTechnology
Jo Willems
Jo Willems
Jonathan Vanderstichele
Jonathan Vanderstichele

In recent decades, terms like "blockchain" and "smart contracts" have been cropping up everywhere in the media, on the internet and recently also in national and European legislative debates.

But how does blockchain actually work? How can one create a 'smart' contract based on software code on the blockchain? Why has this technology and the related practical applications become increasingly important in recent years? What exactly is its benefit and can these concepts (ultimately) replace 'simple' contracts as we know them today?

Lydian's Commercial & Litigation team explained - in a simple and understandable manner - the essence of blockchain and smart contracts, their relationship with simple written contracts and the practical uses of smart contracts both today and in the future.

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