A “smart contract” is a computerized protocol that automatically executes the terms of a contract. The recent development of blockchain (distributed ledger) technology has rekindled the interest in smart contracts. Because the blockchain algorithm provides an unalterable list of rightful ownership and conditions of transfer, transactions can be recorded without a middleman. As smart contracts become increasingly commercially viable, there should be increasing pressure for attorneys to be familiar with these platforms. Unfortunately, many lawyers do not have enough understanding of smart contracts to understand their risks, opportunities or unintended consequences.
Whether you’re an advanced technology lawyer or a tech novice, this webinar will provide you with the tools you need to speak the language of Blockchain. This course will leave you with a better understanding of the world of distributed ledger technology (DLT) and the implications for your clients and the legal profession. During this webinar, you will learn:
- The technical basics of blockchain, DLT, and Smart Contracts
- The legal and practical issues that face your clients
- What Smart Contracts can – and can’t – do.
- The Importance of the emerging relationship between legal and engineering teams that is necessitated by contracts-as-code.
- Ethical considerations for lawyers working with Smart Contracts
- What “Initial Coin Offerings” are and how they may be regulated in the U.S. and abroad