Blockchain technology is no longer science fiction, it has become reality! Our Banking and Finance team partnered with Erste Group in developing the first paperless blockchain-only Schuldscheindarlehen (a debt instrument) issue in Europe! The benefits are obvious: thanks to digitization, issuance processes are now a lot faster and offer more transparency and certainty for all parties involved.
In our latest Snapshot, partner Claus Schneider takes a deeper look at this topic and explains why lawyers cannot afford to turn their backs on this development (and why they have to know their industry).
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Watch video, https://youtu.be/iz7oIuCsMtc