Once blockchain technology gains wider acceptance and its applications reach consumers, existing legal processes and structures will likely be among the first processes to become redundant.
Source quote, verbatim
When blockchain technology becomes more widely accepted and applications spread into consumer territory, existing legal processes and structures will likely be among the first processes to become redundant.
From
Mark Fenwick, Wulf A. Kaal, Erik P. M. Vermeulen, Legal Education in the Blockchain Revolution (2017), III.3. Disruptive Innovation, p. 28 https://ssrn.com/abstract=2939127 · source PDF
Cite as
Mark Fenwick, Wulf A. Kaal, Erik P. M. Vermeulen, Legal Education in the Blockchain Revolution (2017). SSRN: https://ssrn.com/abstract=2939127
Holds when
wider acceptance of blockchain technology
spread of blockchain applications into consumer markets
restated_bykaal:claim:3409548-013 Business, administrative, and legal processes that depend on legal intermediaries may become redundant as bloc...
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