Jenner & Block Partners Brian S. Scarbrough and Justin C. Steffen wrote an article for Law360 explaining the basics of blockchain – a database that is shared across a network – as well as potential insurance and regulatory issues raised by the technology. The authors detail the background of blockchain and its rise from Bitcoin and describe the advantages of blockchain technology. They then analyze the current regulatory state surrounding blockchain and highlight potential areas on which regulators will focus in the future. Brian and Justin then address insurance issues those seeking to utilize the technology should consider.
To read the full article, please click here.