A Lawyer’s Perspective: Can Smart Contracts Exist Outside the Legal Structure?

“Once that contract is in place, coding could provide continued support for that contract and, indeed, for similar contracts involving … Continue reading A Lawyer’s Perspective: Can Smart Contracts Exist Outside the Legal Structure?

Beyond bitcoin: Blockchain is coming to disrupt your industry

“A number of horizontal applications for blockchain relevant to almost every industry are on the horizon. Among these applications: smart … Continue reading Beyond bitcoin: Blockchain is coming to disrupt your industry

“The fundamental issue is that the “attack” was technically permitted under the terms of the DAO’s code. It was not … Continue reading How to use humans to make “smart contracts” truly smart

Blockchain-based smart contract benefits For a wide range of potential applications, blockchain-based smart contracts could offer a number of benefits: … Continue reading Upgrading blockchains: Smart contract use cases in industry

On smart contracts At a conference recently, I was asked about smart contracts rather insistently. At first I thought my … Continue reading The blockchain won’t make you (or your counterparty) a better person

“To start, suspend everything that you’ve heard or read on the subject of cryptocurrencies and bitcoins. By this stage, everyone … Continue reading What Blockchain Is and What It Can Do

“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

“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