People often inadvertently refer to “Bitcoin” when they actually mean blockchain, perhaps largely because the Bitcoin cryptocurrency was the first application of blockchain. But, blockchain is more than cryptocurrency. Cryptocurrency is a type of digital asset implemented using the blockchain technology. The blockchain technology allows cryptocurrencies to be stored and transferred on a distributed ledger using […]
Algorithms are everywhere. Applied to systems like personal assistants, financial exchanges, and self-driving cars, computers now permeate almost every aspect of modern life. But how far should this algorithmic revolution extend into the law? Should contracts, judgement, and litigation strategies follow suit? These questions are at the forefront of Professor Frank Pasquale’s research and were the […]
Introduction In the past 6 months, the US Patents & Trademark Office (USPTO) has published more than 200 patent applications filed by Bank of America, Goldman Sachs, JPMorgan Chase and other top-tier financial institutions for their own proprietary blockchain systems. Previously the territory of online anarchists and drug dealers, why are banks suddenly so interested […]
When the Royal Canadian Mint (RCM) announced that it would be creating a digital representation of the Canadian Dollar in the form of MintChip, the digital currency sphere lit up with comparisons to numerous previous attempted forms of digital currencies – most notably Bitcoin, a decentralized electronic cash system developed by Satoshi Nakamoto.