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Tag Archives: smart contracts

Posted in Technology Theodore J. MlynarIra Schaefer

Blockchain and IP: Podcast Interview

Ted Mlynar and Ira Schaefer in our Blockchain-Smart Contracts IPMT Working Group were interviewed for the Fordham Intellectual Property, Media & Entertainment Law Journal podcast series.

Ted and Ira talk about their work with Ethereum smart contracts, and how blockchain technology can be used to protect intellectual property rights. They also discuss the important new roles for lawyers in implementing … Continue Reading

Posted in Technology Theodore J. MlynarLewis CohenIra Schaefer

Blockchain: Delving into smart contract practicalities

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

Posted in Technology Winston MaxwellRichard DiffenthalLewis Cohen

Three examples of blockchain smart contracts – Internet of Things, commercial paper and daos

For thousands of years, society has recorded information in ledgers, ranging from clay tablets, books through to cloud based computer systems. Despite the advance of technology, all of these ledgers have effectively been siloed with access (or “permission”) to write and read information generally being restricted.

Blockchain is a new technology that flips the traditional model of a ledger upside … Continue Reading

Posted in Technology Theodore J. MlynarIra Schaefer

Why Smart Contracts Will Need ‘Smart Term Sheets’ to Match

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

Posted in Technology Winston MaxwellRichard Diffenthal

Does blockchain’s trust architecture make dumb contracts smarter?

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

Posted in Technology

Blockchain in Africa

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

Posted in Technology Lewis CohenDavid Contreiras Tyler

IFLR article: Blockchain’s three capital markets innovations explained

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