Abstract
Recent years have seen a surge in the use of blockchain technologies, not least because of the increased use of cryptocurrencies such as Bitcoin which rely on it. While some of the generated interest can be dismissed as hype, there is little doubt that blockchain is a technology with the potential to revolutionise certain areas of law. A careful reader following the trends would have noticed that Maersk, the Danish business conglomerate, was involved with no less than three deals revolving, in one way or another, around blockchain technology Such news should intrigue the reader since adoption of experimental methods or newest IT technologies does not normally characterise the inert maritime and transport industries. We will in this short piece give an overview of the relevance of blockchain and briefly look at three different deals which Maersk concluded around the technology. We will then give an outline of potential legal problems which these and similar deals might bring. Our preliminary conclusion is that blockchain technology - in some instances at least - has the potential to disrupt the role law traditionally plays in negotiating and executing international contracts.
| Original language | English |
|---|---|
| Publication date | 2018 |
| Number of pages | 6 |
| Publication status | Published - 2018 |
| Event | Maritime Contracts Seminar: Negotiation and Collaboration Through International Contracts - Copenhagen Business School, Frederiksberg, Denmark Duration: 22 Mar 2018 → 22 Mar 2018 https://www.cbs.dk/forskning/institutter-centre/juridisk-institut/arrangementer/maritime-contracts-seminar |
Seminar
| Seminar | Maritime Contracts Seminar |
|---|---|
| Location | Copenhagen Business School |
| Country/Territory | Denmark |
| City | Frederiksberg |
| Period | 22/03/2018 → 22/03/2018 |
| Internet address |