One way in which our law firm will see increasing use of blockchain is through smart contracts. Smart contracts are self-executing agreements that parties encode into blockchain, which is decentralized, but accessible to all participating parties. Parties can exchange anything of value, including money, property, stocks, etc., while eliminating the need for intermediaries like escrow agents or notaries. Although many businesses lack current familiarity with such technology, our cryptocurrency attorneys anticipate smart contracts will be utilized with greater frequency going forward. Although blockchain technology has challenges of its own, it can often be faster, cheaper and more secure than traditional transactional mechanisms. We have blockchain attorneys at our firm who are qualified to assist clients in preparing and using smart contracts today.