Blockchain

Blockchain and other distributed ledger technologies have proved to be a value-adding answer to a range of potential problems - for established businesses and new start-ups alike. And not just in the fintech industry.

Blockchain offers a number of new business opportunities that will be relevant to consider for both established businesses and start-ups. For example, the technology can be used to document the origin of a product, e.g. foodstuffs or share certificates, or where a process has many stakeholders but no owner - e.g. the arrival and readying of a plane for takeoff in an airport.

Still, a comprehensive assessment should be made in each case. The use of Blockchain technology will not necessarily be rewarding in every instance. That’s where our advice may well prove valuable. Of course, we advise on all the legal aspects like contracting, competition law and data protection rules and regulations, but we also offer competent sparring on technology and on the business potential and costs of a blockchain solution.

Kromann Reumert has a very sizeable and highly specialised Tech group, so it has been important for us to take time to get a thorough understanding of the possibilities and challenges that this kind of technology poses. We have internal resources who are very knowledgeable on the technical and legal aspects of Blockchain and crypto-currencies. Some of the lawyers in our Blockchain group also have a technical background.

Our competencies include: