The risks and potential significant losses tied to blockchains can be lost in all its hype. (Photo: Shutterstock) The risks and potential significant losses tied to blockchains can be lost in all its hype. (Photo: Shutterstock)

The risks and potential significant losses tied to blockchains can be lost in the hype of large companies deploying smart contracts, cryptocurrencies and other blockchain-powered programs. However, as companies leverage blockchain for valuable work, more are auditing those platforms to detect any coding errors that could lead to losses, lawyers contacted by Legaltech News said.

Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader

Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Victoria Hudgins

I am a reporter for Legaltech News where I cover data privacy, cybersecurity and technology's impact on the business and practice of law.