Blockchain Company’s Smart Contracts Were Dumb

“There isn’t much reason to think that a court, in a regular human jurisdiction, staffed by regular human judges, would see … Continue reading Blockchain Company’s Smart Contracts Were Dumb

Disruption? More Like Incremental Change for Big Law

“AI screams loudest in Big Law. For example, the news in May of BakerHosteteler going public with using ROSS Intelligence (based on … Continue reading Disruption? More Like Incremental Change for Big Law

“Unlike traditional contracts, the idea was that smart contracts were going to eliminate the need for enforcement or dispute resolution. … Continue reading Simple Contracts are Better Contracts: What We Can Learn from the Meltdown of The DAO

“Szabo said bonds are good example of a financial instrument suited to smart contracts because they could be backed by … Continue reading Nick Szabo: If banks want benefits of blockchains they must go permissionless

According to the proposal submitted to The DAO for funding, DAMN will be a sort of “opt-in justice system for … Continue reading Lawyers Be DAMNed: Andreas Antonopoulos Takes Aim at Arbitration With DAO Proposal

Westpac’s chief information officer Dave Curran acknowledges there is lots of hype around the blockchain but says “I don’t … Continue reading Blockchain ‘smart contracts’ to disrupt lawyers

Let’s face it, humans aren’t the most efficient workers. We’re moody, unpredictable and we have to make time for silly … Continue reading Human obsolescence: Are we ready for an artificially intelligent future?

This is why triple-entry accounting works well on blockchains – if something doesn’t add up between two books, there is … Continue reading Blockchain disrupts transactional accounting

“In one sense, The DAO hearkens to a future of automated rule- enforcement that will take those inevitable human weaknesses out of … Continue reading “If you don’t know what you’re doing, don’t go into it.” The DAO: An experiment in responsibility