Show Notes: Blockchain and Beyond

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Though much divides us these days, there are still some things we all share in common. One of them is law. In “Common Law,” a new podcast sponsored by the University of Virginia School of Law, Dean Risa Goluboff and Vice Dean Leslie Kendrick explore how law shapes society, how we shape law and why we should all care. MORE

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George Geis and Mayme Donohue
Episode 2: How Blockchain Could Change Everything

UVA Law professor George Geis and attorney Mayme Donohue of Hunton Andrews Kurth discuss the impact of blockchain — the same technology fueling the rise of cryptocurrencies — on a range of industries, including law. More

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Show Notes: Blockchain and Beyond

What is blockchain and what does the law have to do with it? Hosts Risa Goluboff and Leslie Kendrick talk with UVA Law professor George Geis and Hunton Andrews Kurth attorney Mayme Donohue to find out. Geis discusses how the technology could change corporate law in part by more precise tracking of share ownership, and Donohue explains how blockchain is already used in grocery stores and other future applications.

George Geis

George GeisGeorge Geis is the William S. Potter and the Thomas F. Bergin Teaching Professor of Law at the University of Virginia. He joined the faculty in 2008 from the University of Alabama, after serving as a management consultant with McKinsey & Company and working in private practice at Wachtell, Lipton, Rosen & Katz and Munger, Tolles & Olson. His expertise spans business law, contract theory, corporate finance, shareholder litigation, mergers and acquisitions, and venture capital. Geis’ latest article, “Traceable Shares and Corporate Law,” examines how blockchain technologies in the near future may facilitate enhanced corporate governance and shareholder participation. Geis is the author of “Digital Deals: Strategies for Selecting and Structuring Partnerships” and serves as the faculty adviser for the J.D.-MBA dual-degree program. Watch Geis speak about the possible impact of blockchain on corporate law at a recent alumni event.

Mayme Donohue

Mayme DonohueMayme Donohue is an associate at Hunton Andrews Kurth in Richmond, Virginia, where she specializes in securities law, capital markets, mergers and acquisitions, and corporate governance. She is the associate editor of the firm’s Blockchain Legal Resource Blog, and regularly performs issue-spotting for clients interested in using cryptocurrency platforms and financing via blockchain. She also leads education teams for in-house counsels and community banks on cryptocurrencies. In 2018, Donohue was named among the “40 Best LGBT Lawyers Under 40” by the National LGBT Bar Association. Donohue graduated magna cum laude and Order of the Coif from the University of Richmond School of Law in 2015. She is the author of “Securities on Blockchain,” published in The Business Lawyer.

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Other References

2018 Romaine Lettuce Recall - In November 2018, a wide recall on romaine lettuce due to an E. coli outbreak took the product off shelves for several days until the source of the outbreak was identified. The CDC reported that illnesses began in October and ran through December, and didn't declare the outbreak was over until Jan. 9.

The Paperwork Crisis - In the late 1960s, daily trading volume was so high on Wall Street, the industry had trouble tracking it through paper. The automation of trading through computers eventually provided relief.

Australia will implement blockchain technology in its financial market by 2020.

The Medici Family, an Italian banking family and political dynasty, is a well-known early adopter of the use of distributed ledgers, the concept behind blockchain.