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22 Minn. J.L. Sci. & Tech. 163 (2020-2021)
The Bill of Lading on the Blockchain: An Analysis of Its Compatibility with International Rules on Commercial Transactions

handle is hein.journals/mipr22 and id is 167 raw text is: The Bill of Lading on the Blockchain: An Analysis of its Compatibility with International Rules on Commercial Transactions Professor Mark L. Shope* ABSTRACT This article examines the legal compatibility of a blockchain bill of lading under the following UNCITRAL works: the Model Law on Electronic Commerce, the Model Law on Electronic Sig- natures, the Convention on the Use of Electronic Communica- tions in International Contracts, the Rotterdam Rules, and the Model Law on Electronic Transferable Records. The bill of lading has been around for centuries, shaping the cross-border sales landscape while at the same time being shaped by it. Blockchain technology is providing an opportunity to assess how various in- dustries are conducting business, including the cross-border sales landscape. The compatibility of blockchain with bills of lad- ing may seem unusual, since the former may be perceived as a new, disruptive technology originally used to trade cryptocur- rency and the latter may be perceived as a centuries old, outdated solution that has resisted change. This article attempts to show that these two systems can in fact be compatible with each other and be compatible with international rules on commercial trans- actions, specifically as they relate to the bill of lading. Blockchain could be the technology that will put an end to the drawbacks of paper bills of lading, and the bill of lading system, if fully adopted, could be the application that develops blockchain tech- nology to its full potential in the shipping industry. © 2021 Mark L. Shope * Assistant Professor of Law, National Yang Ming Chiao Tung University School of Law (markshope@nycu.edu.tw). This article is based on the author's presentation at the 2nd International Academic Conference on Artificial Intel- ligence and Law hosted by the International Artificial Intelligence and Law Re- search Foundation on December 26-27, 2019, in Taipei and Kaohsiung, Taiwan. The main topic of the conference was The Collision of the Legal Profession and Technology in the Modern Era: International Inquiry into Al and Law. 163

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