Reed Smith has published a comprehensive white paper setting out some of the basics of how blockchain technology works, before moving on to a more complex analysis of its advantages and disadvantages and the underlying regulatory landscape in both the U.S. and beyond, in Europe, Asia and Africa. Blockchain is the technology that underpins cryptocurrency Bitcoin, and the report also considers whether Bitcoin raises unique insurance and underwriting issues; its application in capital markets; the intellectual property ramifications; and social impact.

It is worth a read, whether you are a blockchain and Bitcoin master, wondering what the fuss is all about, or just looking for excuses to avoid the kids over the weekend. You can access the paper here.