Combining his expertise in bank resolution law with his interest in new technologies helped Michael Schillig to secure research funding in the form of a British Academy Mid-Career Fellowship for a research project entitled ‘The Too-Big-To-Fail Problem and the Blockchain Solution.’ The project aimed to explore whether and to what extent blockchain technology – the platform that supports cryptocurrencies such as bitcoin and Ethereum – may contribute to solving the problem that large financial institutions will almost inevitably be bailed out with public money when they fail. Given the failures in 2023 of Silicon Valley Bank, Signature Bank and Credit Suisse, these issues remain very pertinent. The main research outputs have been published as ‘The Too-Big-To-Fail Problem and the Blockchain Solution’ (2022) 19.1 Berkeley Business Law Journal 126-174, and ‘Lex Cryptographi(c)a,’ ‘Cloud Crypto Land’ or What? – Blockchain Technology on the Legal Hype Cycle’ (2023) 86 Modern Law Review 31-66. The results of his Fellowship have inspired further publications (‘Decentralized Autonomous Organizations (DAOs) under English Law’ (2023) Law and Financial Markets Review 1-11; ‘Some Reflections on the Nature and Decentralized (Autonomous) Organizations’ in M Heidemann (ed), The Transformation of Private Law – Principles of Contract and Tort as European and International Law (Springer, 2024)) and form the basis for a new project on the forces that shape the reception and treatment of new technologies in legal discourse.