Blockchain & Secured Transactions Proceedings of the 2021 Spring Conference: The Impact of Blockchain on the Practice of Law: Presentation 4

Secured transactions are governed by Uniform Commercial Code Article 9. UCC Article 9 governs any extension of credit secured by personalty. If you think about it, this statute governs a massive swath of market activity: secured credit facilities, margin trading of securities, asset securitizations, and purchase money transactions for goods, I could name more. But it\u27s a statute that\u27s very wide ranging. Given this expansive scope, blockchain-based transaction platforms have numerous implications for lawyers who deal with secured transactions. In my brief time here, I\u27m going to identify just two of them