New York City Law Firm Experiments with Blockchain Smart Contracts
A law firm in New York is reviewing how the use of the blockchain technology can remove many of the manual steps that are required when it comes to executing smart contracts. The law firm, Hogan Lovells, is considering how smart contracts and the blockchain can automatically execute agreements without the need for human interaction, thus helping to free up lawyers time. In a blog from the Wall Street Journal, the use of smart contracts will ensure that terms of a contract are enforced in a faster time; however, this also means that there needs to be a closer relationship between the....
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