Blockchain Technology and Litigation Risk: When Good Ledgers Go Bad

ACC Central Pennsylvania Chapter

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DATE: Monday, April 23, 2018

TIME: 12:00 PM - 1:00 PM

VENUE: Donegal Insurance Group, 1195 River Road, Marietta, PA 17547

Blockchain technology has been promoted as the answer to everything that ails businesses.  An “immutable” transaction ledger, it holds the potential to reduce business conflicts, decrease payment times, and (according to some) reduce the likelihood of litigation and the need for outside lawyers.  Some of these claims may be true.  Time will tell.  But with every new technology, new risks arise.  Our presentation focuses on litigation risks associated with enterprise adoption of blockchain technology, both in connection with participation in so called ICO’s or token sales, and with the use of distributed ledgers as a substitute for traditional client-server applications.  We will focus specifically on litigation and jurisdictional issues related to cross-border blockchain implementation.  For example, what happens, as in the case of Tezos (a $200 million+ troubled token sale) where assets are held by a Swiss Foundation but contributors are based in the United States? We will also address unique IP and tax issues that arise out of the technology.  The ultimate focus of this presentation will be to offer some suggestions for Blockchain risk management and risk assessment, and some practical advice related to litigation strategies when a good blockchain goes bad.

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- Insurance Recovery Attorney | Anderson Kill LLP
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- Blockchain and Virtual Currency Attorney | Anderson Kill P.C.
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