Blockchain
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* In a perfect example of everything wrong with GDPR there are now concerns that, under its terms, blockchain is prohibited. So a law designed to protect privacy might derail the most secure privacy protection technology on the market. Good job! [Legaltech News]
* For months, I’ve used the phrase “GDPR-Y2K-2018.” Looks like someone agrees with me. [Corporate Counsel]
* The lesson we’ve learned over the past week is that being pro-segregation really boosts your chances for the federal bench these days. [Courthouse News Service]
* The air is no so sweet down on Sesame Street, where they’re suing Brian Henson over his new movie, “Happytime Murders.” [Law360]
* A deep dive into that dispute that’s put Michael Avenatti’s firm on the hook for millions. [New York Law Journal]
* Trump’s trade policy may result in economic ruin, but it’ll make a lot of money for lawyers. [American Lawyer]
* Payday lender who tried to skirt the law by claiming to be on Indian reservations slapped with 8-year sentence. [WTOP]
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Back From Blockchain Week: Crypto Kitties, Truck Platoons And More
If you don’t think blockchain is here to stay, you don’t fully understand blockchain.
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Smart Contracts In The Wild: Applying Blockchain-Fueled Contracts Across Industries
It is not hard to imagine that the smart contracts may influence and become part of your legal practice eventually.
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* A whistleblower reports that SARS reports regarding Michael Cohen’s transactions are missing from FINCEN. SARS don’t just disappear without a trace… well, the disease did, but the reports shouldn’t. [New Yorker]
* After passing an abortion law accomplishing little more than exposing the state’s taxpayers to litigation expense, Iowa is going to have to find someone else to defend it because Attorney General Tom Miller wants no part of it. [ABC]
* The FTC’s new consumer protection chief represented payday lenders, and really what’s so bad about a 110 percent interest rate anyway? [The Hill]
* Wolf of Wall Street needs to up his payments to victims. [Law360]
* Facebook is getting into the blockchain game meaning soon your vacation photos will overtake Bitcoin as the most inherently worthless thing backed by blockchain. [Legaltech News]
* An interview with a federal magistrate judge finally answers the question: what’s the penalty for Yogi Bear stealing a picnic basket? [Coverage Opinions]
* The Senate, against all odds, voted to save net neutrality yesterday. [Courthouse News Service]
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Smart Contracts: The Future of Contracts, Brought To You By Blockchain
Smart contracts are a transformative new technology that can revolutionize the way businesses process deals.
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Big Data, Blockchain, Constitutional Law, Privacy, Technology
It’s Time For A Digital Bill of Rights
I’ve been saying it quietly for years. But after recent Congressional inquiries into Facebook’s data mining practices and revelations that companies like Palantir have monetized all data under the sun, it’s time to say it louder: We need a national conversation about amending the U.S. Constitution to protect our fundamental and individual Right to Data – […]
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Blockchain In Practice: A Single Source Of Truth
Dean Sonderegger sits down with the team at IBM Watson Legal to discuss the future of blockchain.
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Blockchain: Are You Ready For Cross-Industry Disruption?
These three steps will put you in an excellent position to learn more about blockchain and give your clients (and legal career) a much-needed advantage.
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alt.legal: You Don’t Know How To Draft Contracts Anymore
Blockchain isn’t going to eliminate lawyers, but it’s going to radically change how we write contracts.
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Blockchain: Can Smart Contracts Replace Lawyers?
Not quite yet, but their potential to do so in the future does raise many interesting questions.
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Blockchain For
DummiesNon-Transactional LawyersDoes blockchain confuse you? You’re not alone — but here’s some help.
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The STACK Weekly Roundup: 02.16.18
The STACK is back, legal tech friends and founders!
Please find enclosed your mission critical #LegalTech and #FutureOfLaw updates, straight from the source of the Legal Innovation Center powered by EvolveTheLaw.com in partnership with @QuantumJurist.
* Last week, the mighty Paladin announced they’re hiring for multiple roles! If you haven’t yet heard of Paladin, they’re a noble band of #LegalTech warriors fightin’ to make pro bono work more efficient and inspiring. Go forth Paladin and spread #AccessToJustice to all!
* Also, Elon Musk didn’t wait for NASA to restore space travel to the USA, so why should this intrepid Legal Institute wait for law schools to deliver long overdue reform in Legal Ed? @QuantumJurist has previously written about how the imperative to #EvolveTheLaw begins with #LawSchoolReform. If you’re considering law school, or are an administrator at an actual law school, you’ll want to know about this futuristic, new legal institute.
* Trust you also caught up with Joe Patrice? He navigated the inevitable(?) “Trough of Disillusionment” of the Gartner Hype Cycle. Should #AI evangelists begin buckling down for market skepticism? Or have the robots already found a way out…
* Solving for Sour Grapes! Today, FairClaims Founder Stephen Kane calls out the “sour grapes problem” and how #LegalTech and can help humans counteract innate biases against fair tribunals in the modern judicial system. You’ll want to read Mr. Kane today, especially if you’re a Pats fan still reeling from those controversial Super Bowl calls. Due process? Source: EvolveTheLaw.com.
* Market Volatility Sparks New Regs Debate? Anyone with a 401K was sweating bullets during this month’s global market meltdown. It’s back up for now, but experts believe the global market is always “just one step away from massive volatility because of programmed trading.” We believe regulators will be forced to revisit the issue of “Flash-Boys Regulation” as the robots continue to wreak havoc on the markets. Further, does this bode poorly for those of us now calling for more robots in the courts? Source: The Washington Post.
* The Struggle for Cryptocurrency is Real. The market may have recovered, but cryptocurrencies continue their decline. This didn’t help: Federal prosecutors on Thursday charged a Chicago trader with wire fraud for allegedly stealing $2.06 million of Bitcoin and Litecoin from his employer. Prosecutors said the defendant, who worked as an assistant trader for Consolidated Trading LLC, transferred Bitcoin and Litecoin belonging to his employer to his personal accounts to cover his own trading losses, and lied to management about it. The case is U.S. v. Kim, U.S. District Court, Northern District of Illinois, No. 18-cr-00107. Source: WHTC Holland, MI.
* There’s Great Blockchain News for Small Firms and Solos. Carolyn Elefant thinks cryptocurrency and blockchain aren’t the exclusive province of Biglaw or boutique practices with startup expertise. Instead, cryptocurrency issues are cropping up in traditional solo and small-firm consumer-oriented work. Check her post, solos, and get on the Blockchain train. Source: AboveTheLaw.com.
Updates complete. Thanks for reading The STACK. Check back next week for more recap and news from @QuantumJurist and the Legal Innovation Center.
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Seriously, Lawyers, What Should We Do About Cryptocurrency?
Is Bitcoin a Ponzi scheme? Should the SEC take over? Take this quiz and let us know what you think.
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Cryptocurrency & Blockchain: It’s Not Just A Biglaw Practice Area
Legal issues surrounding blockchain technology impact more and more small law clients.
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How Blockchain Just May Transform Online Copyright Protection
When it comes to online copyright protection and enforcement, blockchain technology is shaping up to handle the challenge.
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Blockchain: Disrupting Industries And Transforming Legal Roles
Lawyers who embrace the opportunity to learn more about blockchain technology will be more effective advisors in the coming years.
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Blockchain: Building Trust In Transactions
Immutability is one of the unique properties about blockchain technology. How can it positively impact the practice of law?
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* Former Biglaw associate launches patent data app to help startups identify existing patents that could prevent their ability to obtain new ones. [Artificial Lawyer] * Bitcoin gets a positive review from lawyers who have decided to start accepting it. [Legaltech News] * BYU Law’s LawX legal design lab launches SoloSuit, an online tool to provide […]