Blockchain: smart contracts for smart businesses


Alexander Walker

Blockchain: smart contracts for smart businesses

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The characteristics of blockchain technology are an ideal fit for so-called smart contracts, which will have a large role to play in the licensing and sale of IP, says Alexander Walker of Taylor Wessing.

If you operate within the technology sector, you will have been hard-pressed to go through the last year without hearing the term ‘blockchain’ being reported at least once by the media.

Alternatively, you may have heard it in passing from the latest tech-savvy entrepreneur, championing the way blockchain technology will revolutionise how companies operate in the future. Out of politeness, you may nod your head in agreement and feign some knowledge of what they are talking about. But what exactly is blockchain, and how will it affect businesses?

A brief history

blockchain, smart contracts, licensing, Alexander Walker, Taylor Wessing, new technology, technology,