In an article in Above the Law, technology consultants David Perla and Sanjay Kamlani warn lawyers of the perils of learning about blockchain “on the fly.” One lawyer they work with knew nothing about the technology until his client was charged with an SEC violation for selling equity in his company on a public cryptocurrency exchange. … Continue Reading
“Blockchain technology [has] captured the imaginations of startups, financial institutions and government agencies. Angela Angelovska-Wilson and Lewis Cohen are taking a gamble that the law is next.” So begins an article by Jason Tashea entitled “New firm looks to embrace blockchain technology ethos” that was published recently on the ABA Journal website. Tashea goes on to explain … Continue Reading
It is not charming to brag about one’s ignorance of technology. I’m sure you have heard some colleagues announce dismissively: “Technology is for young people. If I’m lucky, I will be able to retire from this profession without ever learning much about it.” With the advent of blockchain technology, that sentiment will damage your firm. … Continue Reading
The Artificial Lawyer reports on a new system that is intended to ensure the legality of contracts based on tokens that are used on the Ethereum blockchain platform, rather than on established legal tender. Ethereum is “an open-source, public, blockchain-based distributed computing platform featuring smart contract (scripting) functionality” (Wikipedia). Its tokens, called “ether,” may be used like currency or represent other real-world … Continue Reading
