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From royalties to diamonds - the wide business applications of blockchain technology

Most of us associate blockchain - or distributed ledger - technology with cryptocurrencies such as Bitcoin. Yet its potential is far greater than just stealthy money transfer.

Most of us associate blockchain - or distributed ledger - technology with cryptocurrencies such as Bitcoin. Yet its potential is far greater than just stealthy money transfer. Wherever a ledger is used to keep a record, be it of transactions in shares or real estate, medical files, transfers of intellectual property or traceability across a supply chain, blockchain offers a guarantee of trustworthiness. In essence, keeping encrypted records of transactions across a distributed network of computers ensures that no transaction can occur more than once (a plot of land can never be sold to two different entities, for example). This technology also has the potential to change the way capital markets function, and the way businesses attract funding. The implications for businesses - and government - around the world will be widely felt over the coming decades, but now, at this early stage of its development, blockchain needs to be discussed at a high level so that business leaders (as opposed to IT specialists) can grasp the potential.

This joint meeting of the BPCC's TMT and Tax & Finance Reform policy groups will examine how business should approach blockchain technology, how to spot where the opportunities and risks of being an early adopter lie and what you should be doing strategically now to ensure you are not left behind in future. Looking at current experiences with blockchain across different sectors, drawing on best practice, this event is for senior decision-makers in BPCC member companies.

During the meeting we will discuss:

  • Potential and current examples of blockchain technology in practice

  • Key characteristics of blockchain that shape the technology's potential

  • Benefits of implementing the technology

  • The threats – will every business sector embrace the technology as well as the legal risks it entails?

  • Current regulatory status of ICO (Initial Coin Offerings)

Speakers:

  • Tomasz Zalewski, managing partner, Wierzbowski Eversheds Sutherland, head of TMT

  • Karolina Marzantowicz, IBM distinguished engineer, CEE chief technology officer, IBM Academy of Technology

  • Paweł Dudojc, senior consultant in the regulatory risk & compliance practice, Wierzbowski Eversheds Sutherland

This event is aimed at business leaders who take strategic decisions within their firms.

There will be ample time for discussion and questions, and the event will be held under the Chatham House Rule.

This meeting is not open to representatives of other law firms and consultants.
Thank you for your understanding.

Policy Groups
2017-12-06, 09:30 am (this event is in the past)

Venue Wierzbowski Eversheds Sutherland,ul. Jasna 14/16A, Warszawa
Organiser BPCC, Wierzbowski Eversheds Sutherland

Keywords: blockchain

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