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Blockchain is a term that is used for a family of distributed ledger technologies (DLT). Although there is one virtual ledger, every participant in the network has a copy, allowing for local control of data and transparency while ensuring all ledgers remain in sync. This summary of Professor Kevin Werbach's B-School for Public Policy Seminar, discusses how blockchain platforms and more traditional legal mechanisms can be made to work together.
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Banking and Finance Law | Contracts | Dispute Resolution and Arbitration | Government Contracts | Law and Economics
blockchain, distributed ledger technology, virtual ledger