Recognizing the limitless potential of blockchain, major companies worldwide are starting to identify opportunities for development, collaboration, and investments.
Reports estimate that investment into blockchain startups surpassed $3 billion in 2017, and many institutions and companies are forming partnerships to explore how distributed ledger technology and smart contracts can be deployed to manage and share data, create transactional efficiencies, and reduce costs.
Blockchain’s potential to disrupt established business models challenges companies to navigate a multitude of risks while taking full advantage of new opportunities. While virtual currencies and blockchain technology in the financial services industry have been the subjects of significant debate and attention, blockchain has the potential to revolutionize a wide range of industries.
From finance and energy to real estate and supply-chain management, our team can advise on the full spectrum of risks and opportunities associated with adopting blockchain technology within any business or industry. Our global, multidisciplinary team of lawyers is positioned to advise clients in regulation, litigation, enforcement and investigations, privacy and data security, and corporate transactional matters.
Our lawyers represent startup companies and investors in new blockchain platforms and applications, blockchain services, and digital asset mining operations. We advise clients active in the digital industries, with a strong focus on innovative services, such as blockchain-based financial services, connected cars and the automotive sector, and data optimization and valuation. Further, we help energy companies navigate the blockchain revolution by combining our comprehensive knowledge of their industry with other disciplines and practice areas.
Our team recognized early on the importance of both understanding and adopting blockchain technology. As one of the first major law firms to be in the process of implementing its own private blockchain, our lawyers have hands-on experience working with these applications.
For more information about our blockchain industry experience, please email blockchain@klgates.com.
