Columbia, SC attorney Graham Newman talks about the types of issues that are giving rise to blockchain litigation. Blockchain is a relatively new concept in the legal field, denoting distributed ledger technology. Many individuals are familiar with Bitcoin, a form of cryptocurrency that, along with Ethereum, relies on this distributed ledger technology. Over the past 15 years, blockchain technology has surged into a $2 trillion economy, comparable in size to the South Korean economy.

The rise of blockchain litigation and cryptocurrency has led to the emergence of a distinct digital economy, with entire businesses built on this infrastructure. The issues that arise in blockchain litigation are largely akin to those found in modern commercial litigation. However, a significant difference lies in the technological expertise required to interpret the transactions within the blockchain economy and to detect and prove instances of wrongdoing or negligence.