Abstract: This white paper discusses the history, inner workings and
applications of blockchain, an online public ledgering system, and how
it will soon significantly impact many aspects of the legal industry. The
first part of this paper will show the marvels and the pitfalls of Bitcoin
and its underlining blockchain technology. The second part will describe
what full global adoption of a cryptocurrency and blockchain technology
would entail. And the third will explain the potential legal implications
of blockchain technology.