Transcript
WHY LAWYERS CAREABOUT BITCOIN AND BLOCKCHAIN TECH
(AND HOW TO GET INVOLVED)
@pamelawjd
PAMELA MORGANFOUNDER: EMPOWERED LAW PLLC
CEO: THIRDKEY.SOLUTIONSBOARD: CRYPTOCONSORTIUM.ORGCOLLABORATOR: COALA.GLOBAL
LAWYERS CARE BECAUSE
BITCOIN IS COOL
@pamelawjd
"INTERNET OF MONEY”INVESTMENT DOLLARS POURING IN
SILICON VALLEYWALL STREET
LAWYERS CARE BECAUSE
BITCOIN CHANGES TRUST
@pamelawjd
TRUST IN PUBLIC REPUTATION AND NETWORK SYSTEMS NOT INSTITUTIONS
NO NEED FOR CUSTODIAL ACCOUNTS
LAWYERS CARE BECAUSE
BITCOIN SHIFTS POWER
@pamelawjd
TRULY GLOBAL SYSTEMPROVIDES ALTERNATIVE TO CURRENT SYSTEMS
EMPOWERS INDIVIDUALS
CHARITY & NGOSGOVERNMENT ACCOUNTABILITY
GOVERNMENT POLICYCAMPAIGN FINANCE
COPYRIGHTEVIDENCE
ADR
LAWYERS CARE BECAUSE
BITCOIN MAY AFFECT…
@pamelawjd
BANKING, FINANCE, START-UPSTAX, ESCROW
REAL PROPERTYSECURED TRANSACTIONS
CONTRACTSESTATE PLANNING
PROFESSIONAL RESPONSIBILITYINTERNATIONAL LAW
CORPORATE LAWSECURITIES LAW
EQUITY CROWDFUNDING
LAWYERS CARE BECAUSEBITCOIN PRESENTS NOVEL LEGAL ISSUES
@pamelawjd
DECENTRALIZED COLLABORATIVE ORGANIZATIONSAUTONOMOUS AGENTS
USING BITCOIN IN A LAW PRACTICE TODAY:
PROOF OF EXISTENCE
@pamelawjd
@pamelawjd
Proof of Existence: unalterable date and time stampfor ANY finalized document - confidentiality maintained
USING BITCOIN IN A LAW PRACTICE TODAY:
NO NEED FOR IOLTA
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@pamelawjd
Bitcoin’s Multisignature Feature providesSecurity Without Custody
Typical Configuration: 2-of-3
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Facilitates consumer protection through choice and reputationGlobal marketplace for “arbitrators”
USING BITCOIN IN A LAW PRACTICE TODAY:
GOVERNANCE CONTROLS
@pamelawjd
@pamelawjd
Bitcoin’s Multisignature Feature providesAccountability, Auditability, Separation of Duties
ANY configuration: X-of-15
USING BITCOIN IN PRACTICE TODAY AND TOMORROW:
SMART CONTRACTS
@pamelawjd
@pamelawjd
“A smart contract is a computerized transaction protocol that executes the terms of a contract.
The general objectives of smart contract design are to satisfy common contractual conditions (such as payment terms, liens, confidentiality, and even enforcement), minimize exceptions both malicious and accidental, and minimize the need for trusted intermediaries.
Related economic goals include lowering fraud loss, arbitration and enforcement costs, and other transaction costs.”
Nick Szabo, Smart Contracts 1994
@pamelawjd
@pamelawjd
BITCOIN AND TRANSPARENCY
CHARITABLE DONATIONS
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@pamelawjd
BITCOIN AND THE LAW
LEARN MORE
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@pamelawjd
cryptoconsortium.org@_CFour_
@pamelawjd
coincenter.org
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@pamelawjd
BITCOIN AND THE LAW
WHAT’S NEXT?
@pamelawjd
@pamelawjd
QUESTIONS???
@pamelawjd
BANKING, FINANCE, START-UPSTAX, ESCROW
REAL PROPERTYSECURED TRANSACTIONS
SMART CONTRACTSESTATE PLANNING
PROFESSIONAL RESPONSIBILITYINTERNATIONAL LAW
CORPORATE LAWSECURITIES LAW
EQUITY CROWDFUNDING
CHARITY & NGOSGOVERNMENT ACCOUNTABILITY
GOVERNMENT POLICYCAMPAIGN FINANCE
COPYRIGHTEVIDENCE
ADR
LEARN MORE:COMMONACCORD.ORGPROOFOFEXISTENCE.COMBITRATED.COMBITGIVEFOUNDATION.ORGCOINCENTER.ORGBLOCKCHAINWORKSHOPS.ORGCRYPTOCONSORTIUM.ORG
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