Does blockchain technology open up new avenues in the field of electromobility? Can decentralized processes that are controlled by a large network be used to convert individual mobility on the road to electrified vehicles and sustainable energy resources? These questions are the starting point of the following blog post of our series on blockchain. In addition to smart contracts… Continue Reading
First come, first served. That’s not the principle behind the clearance of Bitcoin transactions. Equally for other blockchain technology networks, the relevant factor to get a transaction on the next available block is not time, but often: money. “Paid prioritization” is a reality. Miners will first pick and clear those transactions which will most highly reward them.
Is this a … Continue Reading
As previously reported, on Thursday, March 9th, the Federal Trade Commission (FTC) hosted a forum on the consumer implications of recent developments in artificial intelligence (AI) and blockchain technologies. This is the second of two entries on the March 9th FinTech Forum. Today’s post focuses blockchain technologies. Coverage of the opening remarks and the AI discussion may … Continue Reading
On Thursday, March 9th, the Federal Trade Commission (FTC) hosted a forum on the consumer implications of recent developments in artificial intelligence (AI) and blockchain technologies. This was the FTC’s third forum on issues in FinTech. Previous FinTech Forums covered marketplace lending and crowdfunding and peer-to-peer payments.
In opening remarks, the FTC acknowledged the benefits of technological … Continue Reading
In a March 17 live stream webinar, a panel of academic all-stars will discuss the key legal and tech trends for 2017, including regulation of artificial intelligence, the disruptive potential of blockchain, competition law and big data, global privacy and copyright trends, and the future of net neutrality.
Our panel will also share insights into the tech priorities of … Continue Reading
Our partners Ted Mlynar and Lewis Cohen were quoted in a Wall Street Journal article which covers Hogan Lovell’s thought leadership on blockchain technologies, specifically how to grapple with the practical issues involved in implementing a smart contract.
Ted advocates an integrated approach by transactional counsel with subject matter expertise, smart contract lawyers, and programmers. To demonstrate, he and partner … Continue Reading
In the era of smart contracts, lawyers will still have plenty of work ensuring the devs get the code right. Many people expect that formal written contracts, and the lawyers that draft them, will be obsolete.
It is presumed that the agreed-upon term sheet will be simply given to a software developer to convert into smart contract computer code. That … Continue Reading
On 11 November, 2016, Hong Kong’s Applied Science and Technology Research Institute (“ASTRI“) published its “Whitepaper On Distributed Ledger Technology” (the “DLT Whitepaper“), a substantial research exercise commissioned by the Hong Kong Monetary Authority (the “HKMA“).
The DLT Whitepaper is a useful and well-informed introduction to blockchain, or distributed ledger technology (“DLT“), … Continue Reading
In a thought-provoking paper presented at this year’s TPRC Research Conference on Communications, Information and Internet Policy, Internet scholar Kevin Werbach explains how the use of blockchain technology creates a new kind of trust architecture, which Werbach calls “trustless trust.”
Most existing trust relationships are based on a centralized “Leviathan” trust architecture where the state or another centralized authority … Continue Reading
Chris Mammen, Partner in our San Francisco office, recently interviewed Berkeley Law professors Narechania and McCrary about some of the IP applications of blockchain. This short video touches upon the following points:
- What is blockchain?
- Does it have broader applications outside Finance?
- Who is the inventor and why is his/her/their identity important?
- How might ownership of a core set of
What is Blockchain?
You may have heard this term and wondered what it is (as have most of us). A blockchain is in essence a distributed digital database which maintains a list of records.
Members (with access to the database) validate the data in a specific block by means of a consensus of members using algorithmic calculations which utilize cryptography … Continue Reading
Given the amount of ink that has been spilled on the topic over the past months, most readers will likely be familiar with the term blockchain, as code for the type of distributed ledger technology that underlies bitcoin and other similar cryptocurrencies. Some of the more technologically inclined may already have an in-depth understanding of the workings of these systems. … Continue Reading
Chances are, at some point you’ve heard of the blockchain, or perhaps at least Bitcoin. It’s an increasingly hot topic as more and more attention is being paid to digital currency. The blockchain is what makes Bitcoin, and other similar transactions involving digital currencies, viable. Simply put, a blockchain is a time-stamped and linked shared digital ledger of transactions, accessible … Continue Reading