The word “blockchain” tends to conjure only visions of bitcoin and other cryptocurrencies, but the reality is that digital ledger technology is increasingly being adopted by operating companies to efficiently improve their processes. As more companies adopt this technology and see favorable results, PE sponsors are beginning to explore it as a viable way to increase the value of their portfolio companies and generate alpha during an investment period. To help PE sponsors understand what factors to consider when determining whether to pursue blockchain technology for their portfolio companies, the Private Equity Law Report recently interviewed Jeffrey D. Neuburger, head of Proskauer’s blockchain group, and Daniel I. Ganitsky, a mergers and acquisitions partner at Proskauer. This article presents their insights. See our three-part series on blockchain and the private funds industry: “Basics of the Technology and How the Financial Sector Is Currently Employing It” (Jun. 1, 2017); “Potential Uses by Private Funds and Service Providers” (Jun. 8, 2017); and “Potential Impediments to Its Eventual Adoption” (Jun. 15, 2017).