Blockchain technology is still largely unknown to the general public. Often associated with cryptocurrencies such as bitcoin or dogecoin, blockchain technology can be applied in many other ways, and some already see it as a revolution.
A blockchain is defined as a decentralised, secure digital storage technology with minimal transmission costs.
It consists of a database or register that lists all the exchanges that have taken place between blockchain users since its creation.
The advantage of blockchain lies in the decentralised nature of the database, which is stored on users’ own servers and operates without intermediaries, limiting infrastructure costs. This database, which many liken to an accounting ledger – public and shared – contains a tamper-proof history of transactions that is updated by users in real time. Users validate each transaction and check its consistency with the register.
The aim is not only to consider how this revolutionary technology can be legally protected under intellectual property law, but also to assess the legal and contractual limits of this new technology and its applications.
Our legal and technical expertise enables us to take a global approach to the issues specific to blockchain technology:
- Strategies for protecting innovation in applications of blockchain technology
- Distribution and funding arrangements
- Regulatory compliance and IT risk insurance
The law firm advises and litigates on the legal and technical issues raised by the above.