Last November, a user accidentally froze around 514,000 ETH (worth approx. $155 million) in Parity, a popular Ethereum wallet. The culprit was a bug in the wallet’s software, which the user in ...

We collaborate with the world's leading lawyers to deliver news tailored for you. Sign Up for any (or all) of our 25+ Newsletters. Some states have laws and ethical rules regarding solicitation and ...

What’s the utility of a so-called ‘smart contract’ if its enforceability in traditional legal systems is a grey area? Most would agree that thorny questions such as this pose a major constraint on the ...

A smart contract is a self-executing computer program with the terms of the agreement written directly into lines of code. It is stored and replicated on a blockchain network. Smart contracts enable ...

Smart contracts are talked about quite a lot. What is often ignored, however, is their safety. On one hand, we have self-executing mechanisms that don’t require mediators. On the other, it takes one ...

Whether it is due to layers of middlemen or archaic practices, consumers and businesses suffer from unnecessarily high transaction costs in a wide range of legacy businesses, from insurance sales to ...