Two weeks ago, I blogged about an interesting new book on bitcoin, the digital currency. I noted that the backbone of bitcoin is the blockchain software that verifies bitcoin transactions.

The Wall Street Journal reports that NASDAQ is testing blockchain technology as a settlement mechanism for trading in the shares of private companies. If the test is successful–and that's a huge "if" given the need to scale up the software to unaccustomed heights–blockchain could be used to verify that buyers and sellers actually made reported trades. It could potentially eliminate the need for a centralized settlement system.

One more reason for business lawyers to read the Vigna and Casey book and get up to speed on bitcoin.

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Photo of Joshua Fershee Joshua Fershee

Joshua Fershée, JD, became the 11th dean of the Creighton University School of Law on July 1, 2019. Fershée previously served as associate dean for faculty research and development, professor of law, and director of LLM programs at West Virginia University College of…

Joshua Fershée, JD, became the 11th dean of the Creighton University School of Law on July 1, 2019. Fershée previously served as associate dean for faculty research and development, professor of law, and director of LLM programs at West Virginia University College of Law.

Earning a bachelor’s degree in social science from Michigan State University in 1995, Fershée began his career in public relations and media outreach before attending the Tulane University School of Law, graduating magna cum laude in 2003 and serving as editor in chief of the Tulane Law Review. He worked in private practice at the firms of Davis Polk & Wardell in New York and Hogan & Hartson, LLP, in Washington, D.C., before joining the legal academy. Read More

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