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PLI's Blockchain Technology, Smart Code, and Smart Contracts: Issues and Risks

Many people know that bitcoin is based on blockchain technology, but fewer understand how the underlying technology is being applied to a much broader range of commercial and business functions. Most of these applications involve the use of smart code and smart contracts.

In this One-Hour Briefing, Mark W. Rasmussen and James A. Cox of Jones Day explored the following topics:

  • What are smart code and smart contracts and how are they different;
  • How blockchain technology (which is a type of distributed ledger technology, or DLT) works;
  • How smart code functions on a blockchain and can be used to create smart contracts;
  • Existing and potential applications of smart code and smart contracts; and
  • The legal and technical risks raised by the potential for expanded use of smart code and smart contracts in commercial environments.

To view a recording of the webcast, please visit the PLI website.

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