How blockchain technology will change commercial contracts

Two years ago, when Daniel Nossa first started learning about blockchain technology, which is at the base of cryptocurrencies such as bitcoin, it all seemed pretty esoteric—something that enthralled hardcore techies and a few financiers.

In the time since, Nossa — an attorney at Steptoe & Johnson PLLC’s Houston office who shifted his focus from credit default swaps to the energy sector following the financial crisis of 2008 — has seen finance firms, and more recently giant energy companies, explore the uses of the technology beyond its application to bitcoin and other cryptocurrencies. He says he could see blockchain technology having an impact on business as powerful as the advent of the internet.

Read more here: http://www.bizjournals.com/houston/news/2017/06/05/how-blockchain-technology-will-change-commercial.html