In this fast-changing environment, which is constantly
presenting unprecedented challenges, it is crucial for our lawyers
and professionals to have a good understanding of blockchain
technology, says Max Ganado, senior partner at GANADO
Advocates.
For many, blockchain is the sole remit of the financial
services sector. Which other sectors will be affected?
The application of blockchain technology within the financial
services sector is where it all started. The solution of a
distributed ledger allowing for peer to peer transactions, proposed
by the famous Satoshi Nakamoto, was a result of the financial
crises and a way to eliminate dependence on intermediaries in the
banking and investments sector who did not act properly. This
development hit all financial intermediaries soon after 2008 as
they were most at risk of disintermediation. So fintech emerged as
the most obvious use case in which many invested and took
initiatives. However, this is not the only use case
