We were delighted to contribute to new guidance published yesterday by the TLA Blockchain Legal and Regulatory Group and the Law Society of England and Wales which sets out key issues for legal practitioners to be aware of when advising on distributed ledger technologies.

We tackle the practical topic of what you need to consider when building a blockchain consortium (or joining an existing alliance). Setting up an effective governance framework for multi-party models is not easy and, as we have seen with some high profile blockchain projects, if not handled well can lead to a consortium failing to take off. Legal advisers (internal and external) can perform a valuable role in helping set these arrangements up for success.