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Project to make smart contracts mainstream grows, as top firms burnish tech credentials

Smart contracts in cross-border commerce moved a step closer to the mainstream this week when three City law firm giants joined a project that is seeking to create global legal standards for blockchain-backed transactions. We also report on firms’ technology training moves and a knowledge transfer partnership between a law firm and university.

April 10th, 2018 | No Comments »

Legal infrastructure behind blockchain contracts takes shape

The English lawyer behind a bid to provide legal backing to deals involving both the virtual world of blockchain and real world commerce, has forecast that in a decade most global trade will be governed by arbitration agreements coupled with smart contracts.

February 9th, 2018 | No Comments »

Smart contracts market “on course to grow rapidly”

The market for blockchain-backed ‘smart contracts’ should grow quickly, according to a partner at a global law firm, who is already working with the emerging technology. Lee Bacon, a partner at Clyde & Co, made the prediction as his firm launched a consultancy aimed at advising insurers and other clients on them.

September 25th, 2017 | No Comments »

Groundbreaking digital contracts business has “layers of security” to defeat hackers

The tech company that facilitated what it claims is the world’s first smart contract supported by the Internet of Things – internet-enabled devices – has told Legal Futures that its product has layers of security amid fears that the increasingly commonplace technology is vulnerable to hackers.

November 2nd, 2016 | No Comments »

‘Smart contract’ technology with blockchain “will change the structure of deals”

An pioneering commercial law firm is offering computer coding training for its lawyers and clients to teach the emerging technology behind ‘smart’ contracts. The firm has also reported a growth in the recruitment of computer-literate lawyers who also have a scientific or technical background

May 13th, 2016 | No Comments »