Tim Roughton–Partner at Pinsent-Masons–Thoughts on blockchain integration for large corporations and banks

Pinsent-Masons is a UK-based international law firm, specializing in 5 different sectors.

Through the manufacturing/technology sector, they assist large corporations, banks, and even insurance companies in the legal aspects of adopting blockchain and distributed ledger technologies.

Most large companies see these technologies as both threats and opportunities for innovation and collaboration. Because of the lack of a centralized authority, legal hurdles are created when companies want to introduce smart contracts into their business models.

However, in the future he sees an increased use of bitcoin and ethereum blockchains for all types of use cases, including international payments–any scenario where the removal of a central record keeper has the ability to reduce costs and increase solutions for money laundering and fraud prevention.

For more information, visit www.pinsentmasons.com and www.out-law.com.

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