The European Parliament has adopted a non-legislative resolution on distributed ledger technologies (DLTs) and blockchains. In the resolution, which was adopted last month, the Parliament emphasised that the EU has an opportunity to become “the global leader” in the field of DLT and to be a “credible actor” in shaping its development and markets globally. The resolution discusses potential … Continue Reading
We’re here to help: we have published our second annual Global IP Outlook. The Outlook reflects on some of the major developments in intellectual property law and emerging and growing industries. Regardless … Continue Reading
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
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
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
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
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
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