Blockchain lives in the cloud and has been touted as a "riskless" form of transaction. For the past three years, regulators, banks and tech companies have raised billions of dollars to explore its possible uses. So what is the potential of this software that stores and transfers data across the internet and how is it relevant to lawyers?

This discussion was recorded at the third live FLIP panel in October at the Law Society of NSW in Sydney. Legal journalist Melissa Coade hosted five legal and technology experts, including Dr Anton Didenko, Meg McKechnie, Lucas Cullen, Stevie Ghiassi, Jonathan Hatch and Michael Bacina.