What a lot of old block!
- Jonathan Williams
- Nov 1, 2017
- 1 min read

You've heard of bitcoin. Who hasn't!
But did you know that the technology behind this virtual currency is likely to have such a disrupting influence for many a profession. Think Uber for the professional classes and then some! The technology known at "block chain digital encryption technology" - I fear I have already lost some of you but bear with - has the ability to render blocks of data tamper proof by distributing them across "shared ledgers". We woke up last week to the news that a Swansea dentist is the first property buyer to exchange contracts digitally in a process which its promotors claim has the potential to remove the need for solicitors. This transaction completed 3 days after it went on the market!
For techies read the following article
For solicitors read the following article
For accountant read the following article
For anyone who is under 40 read the following article
Scaremongering, hot air or the last post bugle for the professional classes?Some are saying that this spells the deathknell for solicitors with accountants following behind in an orderly fashion.
Sometimes it's good to be 48!
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