Financial Poise Webinars™ announces “Blockchain and Smart Contracts,” a live webinar premiering July 22nd at 1:00 PM CST. This webinar is co-produced by West LegalEdCenter™ and part of the “Blockchain Basics” series. It will feature Chris Cahill (Sugar Felsenthal Grais & Helsinger LLP); Karl Sjogren (The Fairshare Model); Stephen Rutenberg (Polsinelli); and John Wilson (Discovery Squared, LLC).
This webinar answers several common questions surrounding blockchain and smart contracts.
Blockchain is a tool. Samson Williams likens blockchain to a group text message, in which each participant receives a distributed, time-stamped, tamper-resistant (and encrypted) record of data transactions. Each group text has these characteristics. Everyone in the group “sees” the data, and none can change or gainsay any group message. Smart contracts are computer code put on the blockchain (how, exactly?) that establishes self-executing terms and conditions of a transaction. Are smart contracts smart? If certain data comes in and fulfills a pre-set term or condition, then rights and responsibilities are formed, terminated, modified, or shifted among the parties. Ah certainty and transparency, but also ah garbage in and garbage out. Are some contractual terms not amenable to smart contracting? And are smart contracts necessarily contracts? If not, can they still be useful? If a smart contract is a contract, what is the governing document? Is it the words business people and lawyers use, or is it the code that is supposed to reflect the words?
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Note: If you or your firm are subscribed to West LegalEdCenter™, this webinar is included in your subscription at no additional cost.
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