Perkins Coie Joins Enterprise Ethereum Alliance's Legal Industry Group

Perkins Coie LLP, a US-based international law firm, has announced its inclusion in the Enterprise Ethereum Ethereum Ethereum is an open source, blockchain-based distributed computing platform and operating system featuring smart contract functionality. Created in 2014, Ethereum now stands as the second largest cryptocurrency by market cap at the time of writing.As a decentralized cryptocurrency network and software platform, Ethereum represents the most prominent altcoin. Ethereum also enables the creation Distributed Applications, or dapps. Understanding EthereumEthereum boasts its own programming language, Ethereum is an open source, blockchain-based distributed computing platform and operating system featuring smart contract functionality. Created in 2014, Ethereum now stands as the second largest cryptocurrency by market cap at the time of writing.As a decentralized cryptocurrency network and software platform, Ethereum represents the most prominent altcoin. Ethereum also enables the creation Distributed Applications, or dapps. Understanding EthereumEthereum boasts its own programming language, Read this Term Alliance (EEA) Legal Industry Working Group. The collaboration focuses on educating the legal industry about the benefits of Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Read this Term technology and the development and standardization of core Ethereum-enabled technology.

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“Perkins Coie, a legal adviser to the EEA since its launch, has been at the forefront supporting evolving blockchain technology,” said Dax Hansen, Chair of the firm's Electronic Financial Services and Blockchain Technology & Digital Currency industry groups. “With many innovative firms and institutions as partners in this effort, connecting and working with Fortune 500 corporations, startups and experts in the space will expand overall legal industry knowledge on the unique advantages that blockchain technology provides. We are honored to be a member of the EEA Legal Industry Working Group.”

“The focus of the EEA Legal Industry Working Group dovetails with Perkins Coie’s efforts in advising our financial services clients on the diverse uses of blockchain technology,” said Rick Howell, Perkins Coie’s Chief Information Officer. “Blockchain technology’s potential for changing the legal, financial, regulatory and technological landscape is enormous, and we look forward to collaborating with our partners in this group to implement blockchain technology into business operations and turn blockchain into a mainstream tool.”

The EEA is an industry-supported, not-for-profit organization established to support Ethereum-based technology best practices, open standards and open source reference architectures. It is meant to help Ethereum evolve into an enterprise-grade technology, providing research and development in a range of areas, including privacy, confidentiality, scalability and security.