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Smart contracts and investment: innovations speed march of lawtech
Friday, 17 May 2019A City firm has launched an off-the-shelf smart contract for insurers which triggers an automatic payment to a solar power company if it is cloudy, while a legal tech company has attracted £1.2m in investment.
Tags: smart contracts
Posted in Latest news, Technology
Project to make smart contracts mainstream grows, as top firms burnish tech credentials
Tuesday, 10 April 2018Smart 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.
Tags: blockchain, smart contracts
Posted in Latest news, Technology
Legal infrastructure behind blockchain contracts takes shape
Friday, 9 February 2018The 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.
Tags: blockchain, smart contracts
Posted in Latest news, Technology
Smart contracts market “on course to grow rapidly”
Monday, 25 September 2017The 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.
Tags: blockchain, smart contracts
Posted in Latest news, Technology
Groundbreaking digital contracts business has “layers of security” to defeat hackers
Wednesday, 2 November 2016The 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.
Tags: blockchain, smart contracts
Posted in Latest news, Technology
‘Smart contract’ technology with blockchain “will change the structure of deals”
Friday, 13 May 2016An 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
Tags: blockchain, smart contracts
Posted in Latest news, Market monitor