A “smart contract” is a computerized protocol that automatically executes predefined instructions. The recent advances in distributed ledger technology, including blockchain, have rekindled interest in smart legal contracts. Because a blockchain algorithm can provide an immutable record, transactions can be recorded without a middleman. As smart contracts become 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.

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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

• State and federal developments that have an impact on DLT and Smart Contracts

• What “Initial Coin Offerings” are and how they may be regulated in the U.S. and abroad