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Smart "BlockChain" contracts?

Anyone here familiar with them? I see the big firm Hogan Lov lawyer207/31/17
Unless you're working with a developer, I'd caution against dingbat07/31/17
lawyer2 (Jul 31, 2017 - 3:18 pm)

Anyone here familiar with them? I see the big firm Hogan Lovells is stating tread into this area. This is something I'd like to get into, I'm wondering how to "break into" the business.

"Smart contracts are computer protocols intended to facilitate, verify, or enforce the negotiation or performance of a contract.

Proponents of smart contracts claim that many kinds of contractual clauses may be made partially or fully self-executing, self-enforcing, or both. The aim with smart contracts is to provide security that is superior to traditional contract law and to reduce other transaction costs associated with contracting."

https://en.wikipedia.org/wiki/Smart_contract

https://blogs.wsj.com/cio/2017/02/01/law-firm-hogan-lovells-learns-to-grapple-with-blockchain-contracts/

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dingbat (Jul 31, 2017 - 4:42 pm)

Unless you're working with a developer, I'd caution against this. The technical issues are far more complicated than the legal issues.

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