For all the Canon's claimed prowess as an alchemist, his Yeoman was obliged to point out that the pursuit of alchemy had reduced the Canon to poverty. This panel will discuss the emergence of block chain and its applications, including in smart contracts, health care, cross border transactions, payment systems (including the EU Payment Services Directive) and crypto-currencies, as a disruptive technology with much potential but also many risks. Learning from the Canon’s sad lesson, investors must avoid surrendering reason to faith and instead evaluate the risks involved in these potential uses of blockchain, taking into account legal and regulatory issues and an understanding which may help, or hinder, the alchemy promised by the underlying distributed ledger technology.
2018 Fall Annual Meeting and Education Conference
Thursday, October 18, 2018