The Law Society has joined forces with Tech London Advocates (TLA) to produce guidance on distributed ledger technology (DLT) for lawyers.
The report provides clarity on the role smart contracts, crypto-assets and blockchain will play in their future practice.
DLTs are a broad umbrella of technologies that seek to store, synchronise and maintain digital records across a network of computing centres and are being used more frequently across a range of businesses.
Over the past year, representatives from TLA, the wider legal profession and experts have addressed key issues for lawyers when they are advising on DLTs including smart contracts, blockchain and crypto-assets.
The Law Society has suggested that covid-19 w...