In December 2017, the frenzy surrounding cryptocurrencies hit its peak with bitcoin trading at nearly $20,000 for one bitcoin. Every public company across the country was discussing how they intended to implement the blockchain into their business and the changes coming in their sector. Two years later and we’ve seen massive growth in the blockchain industry, with more growth coming. One report projects a nearly 70% compounded annual growth rate over the next 6 years in the blockchain industry throughout the world.
This post was originally published on the Cardozo Arts & Entertainment Law Journal website on February 12, 2020. The original post can be accessed via the Archived Link button above.
Farrell, Daniel, "The Growth of Smart Contracts" (2020). AELJ Blog. 221.