Blockchain in Corporate Governance: Implications for Attorneys

Blockchain-based information storage, retrieval, and tracking have the potential to be more immediate, transparent, and credible means of business recordkeeping than alternatives involving a centralized point of control.[1] As a result it should be unsurprising that corporations have begun to adopt blockchain-based recordkeeping. The adoption of blockchain-based information-tracking by corporations is forecasted to grow rapidly and constitute a far greater and more permanent disruption to daily realities than other applications of blockchain have brought about to date. This practice has the potential to significantly alter aspects of corporate governance – specifically, those involving data-tracking or communication.

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