WHY LAWYERS CAREABOUT BITCOIN AND BLOCKCHAIN TECH

(AND HOW TO GET INVOLVED)

@pamelawjd

PAMELA MORGANFOUNDER: EMPOWERED LAW PLLC

CEO: THIRDKEY.SOLUTIONSBOARD: CRYPTOCONSORTIUM.ORGCOLLABORATOR: COALA.GLOBAL

LAWYERS CARE BECAUSE

BITCOIN IS COOL

@pamelawjd

"INTERNET OF MONEY”INVESTMENT DOLLARS POURING IN

SILICON VALLEYWALL STREET

LAWYERS CARE BECAUSE

BITCOIN CHANGES TRUST

@pamelawjd

TRUST IN PUBLIC REPUTATION AND NETWORK SYSTEMS NOT INSTITUTIONS

NO NEED FOR CUSTODIAL ACCOUNTS

LAWYERS CARE BECAUSE

BITCOIN SHIFTS POWER

@pamelawjd

TRULY GLOBAL SYSTEMPROVIDES ALTERNATIVE TO CURRENT SYSTEMS

EMPOWERS INDIVIDUALS

CHARITY & NGOSGOVERNMENT ACCOUNTABILITY

GOVERNMENT POLICYCAMPAIGN FINANCE

COPYRIGHTEVIDENCE

ADR

LAWYERS CARE BECAUSE

BITCOIN MAY AFFECT…

@pamelawjd

BANKING, FINANCE, START-UPSTAX, ESCROW

REAL PROPERTYSECURED TRANSACTIONS

CONTRACTSESTATE PLANNING

PROFESSIONAL RESPONSIBILITYINTERNATIONAL LAW

CORPORATE LAWSECURITIES LAW

EQUITY CROWDFUNDING

LAWYERS CARE BECAUSEBITCOIN PRESENTS NOVEL LEGAL ISSUES

@pamelawjd

DECENTRALIZED COLLABORATIVE ORGANIZATIONSAUTONOMOUS AGENTS

USING BITCOIN IN A LAW PRACTICE TODAY:

PROOF OF EXISTENCE

@pamelawjd

@pamelawjd

Proof of Existence: unalterable date and time stampfor ANY finalized document - confidentiality maintained

USING BITCOIN IN A LAW PRACTICE TODAY:

NO NEED FOR IOLTA

@pamelawjd

@pamelawjd

Bitcoin’s Multisignature Feature providesSecurity Without Custody

Typical Configuration: 2-of-3

@pamelawjd

Facilitates consumer protection through choice and reputationGlobal marketplace for “arbitrators”

USING BITCOIN IN A LAW PRACTICE TODAY:

GOVERNANCE CONTROLS

@pamelawjd

@pamelawjd

Bitcoin’s Multisignature Feature providesAccountability, Auditability, Separation of Duties

ANY configuration: X-of-15

USING BITCOIN IN PRACTICE TODAY AND TOMORROW:

SMART CONTRACTS

@pamelawjd

@pamelawjd

“A smart contract is a computerized transaction protocol that executes the terms of a contract.

The general objectives of smart contract design are to satisfy common contractual conditions (such as payment terms, liens, confidentiality, and even enforcement), minimize exceptions both malicious and accidental, and minimize the need for trusted intermediaries.

Related economic goals include lowering fraud loss, arbitration and enforcement costs, and other transaction costs.”

Nick Szabo, Smart Contracts 1994

@pamelawjd

@pamelawjd

BITCOIN AND TRANSPARENCY

CHARITABLE DONATIONS

@pamelawjd

@pamelawjd

BITCOIN AND THE LAW

LEARN MORE

@pamelawjd

@pamelawjd

cryptoconsortium.org@_CFour_

@pamelawjd

coincenter.org

@pamelawjd

@pamelawjd

BITCOIN AND THE LAW

WHAT’S NEXT?

@pamelawjd

@pamelawjd

QUESTIONS???

@pamelawjd

BANKING, FINANCE, START-UPSTAX, ESCROW

REAL PROPERTYSECURED TRANSACTIONS

SMART CONTRACTSESTATE PLANNING

PROFESSIONAL RESPONSIBILITYINTERNATIONAL LAW

CORPORATE LAWSECURITIES LAW

EQUITY CROWDFUNDING

CHARITY & NGOSGOVERNMENT ACCOUNTABILITY

GOVERNMENT POLICYCAMPAIGN FINANCE

COPYRIGHTEVIDENCE

ADR

LEARN MORE:COMMONACCORD.ORGPROOFOFEXISTENCE.COMBITRATED.COMBITGIVEFOUNDATION.ORGCOINCENTER.ORGBLOCKCHAINWORKSHOPS.ORGCRYPTOCONSORTIUM.ORG