Space, Cyber, and Telecommunications Law Executive Director Elsbeth Magilton and 2012 alumni Mike Echternahct (MEEM Legal Services) present their article, “Confidence in Contracting and Cutting Costs: Why Attorneys Need to Pay Attention to Blockchain Systems.” Blockchain is a digital, decentralized, multi-user ledger created for digital currencies like Bitcoin - but it is not just for Bitcoin anymore! Real estate companies to investment firms to entertainment contractors are taking note and developing their own blockchain systems for financial transactions and “smart contracts.” This presentation explains what blockchain is, the application in which blockchain most impacts attorneys, and the legal and regulatory challenges associated with it.