Blockchain Technology and the Law: Opportunities and Risks (Contemporary Commercial Law)

Blockchain Technology and the Law: Opportunities and Risks was one of the first texts to offer a critical analysis of Blockchain and the legal and economic challenges faced by this new technology.It offered those who are unfamiliar with Blockchain an introduction as to how the technology works and demonstrates how a legal framework that governs it can be used to ensure that it can be successfully deployed.This second edition features a discussion of issues that did not exist at the time the first edition was published, presenting new topics will help to reinforce the central premise of the book that the acceptability of Blockchain-based applications will depend on whether they can enhance efficiency and lower transactions costs. Significant new content added to this edition includes an examination of the proliferation of new applications of distributed ledger technology, such as Non-Fungible Tokens (NFTs) and, in the payments realm, Stablecoins and proposals that relate to Central Bank