In little more than a decade, blockchain technology has given birth to an entirely new world of digital “assets.” The news is filled with references to cryptocurrencies, nonfungible tokens (NFTs), and “fintech.” These developments, and the blockchain technology that makes them possible, have led forecasters to predict sweeping changes in the supply chain, with use cases ranging from verified temperature tracking for sensitive shipments, to “on chain” daily vehicle inspection reports (DVIRs), to the elimination of friction and delays in freight payments. In many ways, the future that proponents of blockchain technology foresee has not yet come to pass. While many transaction are now digital, they are not yet “on chain.” This has made it less pressing for transportation lawyers to educate themselves on these technologies and the legal framework that enables them—or that they are disrupting. But this disruption is coming for our industry, and there is value in being prepared. In this educational session, we will endeavor to explain the blockchain in a way a layperson can understand.  The objective will be to equip transportation attorneys with a working knowledge of key concepts to be conversant when clients or your business team raise a blockchain or crypto idea.  

Speaker

Braden Core
Braden Core
Partner, Scopelitis Garvin Light Hanson & Feary