The United States economy is replete with the historical effects of disruptive technology. Such technologies include, for example, the introduction of wireless telecommunications, the Internet, smart phones, and more recently, ride sharing. Innumerable articles and books have been written about the effect of such disruptive technologies on our economy.
Another potentially disruptive technology is blockchain. The purpose of this article, however, is not to focus on the effects that blockchain may have on our economy. Rather, it is to focus on the threat of litigation that often comes from the introduction of disruptive technologies, and how early adopters of blockchain can attempt to mitigate some of that litigation risk.
READ: Blockchain as Disruptive Technology: Litigation Threats and How to Avoid Them