188 Quay Street,
An IITP Panel Discussion jointly hosted by Buddle Findlay and IITP.
Smart contracts are self-executing contracts – the rules of the contract are coded and once these rules have been satisfied, the contract will complete itself by taking the relevant action without the need for an intermediary middle-man to verify the contract’s performance.
In the past, smart contracts were impossible because there was no trusted means by which a contract could self-execute without an intermediary. This changed with the invention of blockchain. As a blockchain is a distributed ledger, it provides an incorruptible record of transactions and therefore it is potentially the ideal technology through which smart contracting can become a reality.
Ethereum has unlocked the potential for blockchain to replace intermediaries and facilitate smart contracting as Ethereum’s unrestricted programming language allows programmers to code a blockchain with rules that can recognise the performance of the contract. In other words, Ethereum has the potential to revolutionise the way we contract.
This panel discussion features three professionals with different perspectives on smart contracting, a lawyer, a developer and a business executive. They will talk about the potential for smart contracts and what some of the legal risks and regulatory challenges might be. There will be plenty of opportunity for Q&A and discussion and we’ll wrap up the evening with some drinks and nibbles and a chance to catch up with others interested in this area.
Whether you’re new to smart contracts and the blockchain and want to learn more or are a seasoned expert, you should all get something out of this presentation.