Using Blockchain for Commercial Contracts: Permissioned vs. Permissionless, Control, Amendments, Security, Transparency
Recording of a 90-minute CLE webinar with Q&A
This CLE course will examine recent trends in use of blockchain in commercial contracts. The panel will focus on unique features that create advantages to the use of blockchain, including limitation on alterations of the terms, decentralization, and security, as well as describing how things can go wrong with blockchain.
Outline
- Overview
- Blockchain vs. smart contract
- Circumstances when not to use
- Permissioned vs. permissionless blockchains
- Control
- Amendments
- Security
- Transparency
- Choice of law, forum, and venue
- Best practices
Benefits
The panel will review these and other critical issues:
- How can blockchain be utilized in commercial contracts, and what circumstances would limit its use?
- What differences exist in permissioned vs. permissionless blockchains, and what are the appropriate circumstances for the use of each form?
- How can blockchain handle issues of control?
- What is necessary to amend a smart contract?
- How best to draft provisions related to security and transparency
Faculty
Melissa L. Markey, CISSP
Attorney
Hall Render Killian Heath & Lyman
Ms. Markey focuses her practice on developing practical, operationally focused cybersecurity, privacy and life sciences... | Read More
Ms. Markey focuses her practice on developing practical, operationally focused cybersecurity, privacy and life sciences recommendations for clients. Her patient care background and qualification as a Certified Information Services Security Professional allows her to bring a functional perspective to complex privacy, security and research issues with a focus on solutions that work in the real world. Ms. Markey has significant experience with medical device cybersecurity and cross-border privacy transactions. She assists with risk assessments, incident and breach response, and information governance, as well as IRB issues, clinical trial agreements, conflicts of interest, advice regarding research operations and structure and research misconduct inquiries and investigations.
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Mark F. Radcliffe
Partner
DLA Piper
Mr. Radcliffe's practice is split evenly between corporate securities (particularly venture capital transactions)... | Read More
Mr. Radcliffe's practice is split evenly between corporate securities (particularly venture capital transactions) and intellectual property licensing and strategy. He works with technology companies and companies that use technology throughout the world. Currently, Mr. Radcliffe is particularly focused on the use of blockchain technology and the use of tokens for capital formation and implementing new business models.
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