Michael Best attorneys Anthony Biller and David Chambers co-authored an article, “Distributed Ledger Trademark Registry? A proposal for One Ledger to Rule Them All!” in the Journal of Internet Law.
“From cryptocurrency, to Web 4.0, to an interactive, decentralized worldwide network of all things, people and systems, distributed ledger technology (DLT) is the hot-tech, paradigm shift du jour. As the name might imply, a distributed ledger is kept by a distributed network of computers (nodes) that track and sync a complete record of the activity that has occurred on a given network. While DLT has been most widely known as the technology underlying Bitcoin and other cryptocurrencies, these technologies transcend cryptocurrency and promise to impact a wide range of industries.
As several states advance legislative efforts to uphold the legal integrity of smart contracts and DLT-enabled transactions, here at Michael Best, we are evaluating how best to integrate and use DLT for smart contract legal services and guide our clients through the legal issues surrounding cryptocurrencies.”
To read the entire Journal of Internet Law article, click here.