Web 3.0 and Distributed Ledger Technology | Fieldfisher
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Web 3.0 and Distributed Ledger Technology

Representing the next evolution of the internet, Web 3.0 represents a paradigm-shift and emphasises decentralisation, in many respects taking the keys to the kingdom out of the hands of gatekeeper 'Big Tech' companies. Distributed Ledger Technology (such as Blockchain) has been synonymous with cryptocurrencies for many years and more recently, with NFTs. However, DLT has always promised a much wider set of use cases and we're now seeing this play out as these solutions are being deployed across a broad range of sectors. As the developments in Web 3.0 come to life, technology vendors and customers are now looking to DLT and digital assets to provide novel solutions to long term problems in sectors such as retail, manufacturing, AML, and data mapping.

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Experts in Web 3.0 and DLT

The issues associated with DLT and digital assets are cross discipline, from financial regulation and technology licensing to privacy and IP. Our clients work with us because of our understanding of the technology, our cross-border expertise and our ability to provide practical advice and solutions against a backdrop of existing and sometimes outdated legal frameworks.

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Some relevant examples include advising:

·       a leading clothing manufacturer on the design, implementation and deployment of a blockchain solution for end to end supply chain management.

·       a world-renowned Italian-listed fashion company, in its implementation of a block chain solution as an anti-counterfeiting measure, parallel distribution violation detector, and a supply management monitoring system.

·       on the deployment and use of non-fungible tokens as part of a global media company's marketing strategy for one of its key brands, and structuring agreements for the minting of NFTs in the art market.

·       on a new distributed computing technology enabling the distributed storage of data and running of distributed applications over the internet.

·       on privacy matters for to this financial management SaaS vendor to support the use of blockchain for an app allowing the sharing of verified credentials with third parties.

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