VW Blog Blockchain

A smart contract is simply a piece of code that is executed on the blockchain network. It may or may not be a legal contract. As most code does, it runs off an “if/then” statement. Blockchain allows this code to run on a distributed system, across thousands of computers participating in the network, thus in a completely autonomous, tamper-resistant way.

Until blockchain technology, an electronic currency was a dream beyond reality because no system could prevent a holder from spending her coin twice.

If a blockchain technology company is considering conducting an initial coin offering (“ICO”) or token sale, the question the company needs to answer is whether it needs to register the token sale with the SEC? The answer depends on whether […]