Term of the Moment

audio codec

Look Up Another Term

Definition: blockchain law

The legal status of blockchain-based smart contracts. Also known as "distributed ledger technology law" (DLT law), blockchain law is an emerging field. Starting in 2016, various states in the U.S., including Vermont, Arizona and Nevada, have identified blockchain law as a legal issue. As smart contracts proliferate, blockchain law will become front and center, especially after contract executions are disputed. See blockchain.