Blockchain: Lawyers Can Help Build Benefits Across Industries

Woods Rogers Cybersecurity & Data Privacy Practice attorney Patrick Austin co-authored an article in the December issue of Virginia Lawyer that outlines the application and potential benefits of blockchain technology across industries, such as financial services, healthcare, data privacy, and others.

“Many people may mistakenly believe the use of blockchain is limited to facilitating transactions involving Bitcoin and other cryptocurrencies,” Patrick and his co-author note. “However, the use cases described further in this article highlight the capacity of blockchain technology and its ability to be useful in different settings and for different purposes.”

The article explores specific examples, including streamlining transactions and access to capital markets, modernizing financial services, protecting consumers’ digital identities, reducing insurance fraud, and enhancing the protection of health records.

You can read the complete article in Virginia Lawyers’ December issue, available online here.