Blockchain Applications and Company Law

Legal Technology Transformation in Practice, 2020

7 Pages Posted: 30 Dec 2020

See all articles by Florian Möslein

Florian Möslein

Universität Marburg (Institut für Handels- und Wirtschaftsrecht); Munich Center on Governance (MCG); European Corporate Governance Institute (ECGI)

Date Written: October 27, 2020

Abstract

Blockchain applications begin to transform both companies and company law. At Member State level, for example, the German government has recently commissioned a study to examine the suitability and need for reform of company law in view of blockchain applications. The European Commission also takes a close look at the intersection of blockchain and company law, and is currently considering “additional company law measures to facilitate cross-border expansion and scale-up by SMEs”. At the same time, the High-Level Forum on Capital Markets Union is discussing company law measures to make internal company processes more efficient with the help of distributed ledger technologies. Digitalization is likely to trigger further reform steps under company law, and blockchain and distributed ledger technologies represent fundamental challenges for this field of law. The present paper therefore tries to shed some light on the intersection of blockchain and corporate law. A brief explanation of the technology lays the ground for measuring the potential for its use in company law practice.

Keywords: Blockchain Technology, Distributed Ledger Technology, Corporate Governance, Corporate Law, Digital Autonomous Organizations

JEL Classification: K22

Suggested Citation

Möslein, Florian and Möslein, Florian, Blockchain Applications and Company Law (October 27, 2020). Legal Technology Transformation in Practice, 2020, Available at SSRN: https://ssrn.com/abstract=3720222

Florian Möslein (Contact Author)

Universität Marburg (Institut für Handels- und Wirtschaftsrecht) ( email )

Savignyhaus
Universitätsstraße 6
Marburg, 35032
Germany

HOME PAGE: http://www.uni-marburg.de/fb01/lehrstuehle/zivilrecht/moeslein

Munich Center on Governance (MCG) ( email )

Geschwister-Scholl-Platz 1
Munich, DE Bavaria 80539
Germany

HOME PAGE: http://www.mcg.uni-muenchen.de

European Corporate Governance Institute (ECGI) ( email )

c/o the Royal Academies of Belgium
Rue Ducale 1 Hertogsstraat
1000 Brussels
Belgium

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