Insights | Bitcoins and blockchains Part 3 (cont.)

Family law and “pre-nup” agreements Also in June 2016, a couple had reportedly encoded a prenuptial template into a Smart Contract on the Ethereum blockchain. This lighthearted “pre-nup” included particular requirements such as mandatory date nights every 10 days and obligations to watch movie series in succession. While we see this as a promising start … More Insights | Bitcoins and blockchains Part 3 (cont.)

Insights | Bitcoins and blockchain Part 3 | corporate governance and family law

This marks the third and final instalment in our Insights | Bitcoins and blockchain series.  In this section we consider some of the limitations of automating aspects of corporate distributions and family law. From the analysis we have undertaken further below, it appears that Smart Contract failure will arise in cases where there is a … More Insights | Bitcoins and blockchain Part 3 | corporate governance and family law

Insights | Bitcoins and blockchains (Part 2)

In Part 1 of our Insights | Bitcoins and blockchains series we introduced the concepts of Bitcoin and blockchains; we also discussed some of the commercial reasons why Bitcoin surged in popularity as a digital currency and alternative means of settling transactions. Parts 2 to 4 of our series will explore potential applications of blockchain technology to the banking, corporate … More Insights | Bitcoins and blockchains (Part 2)

Insights | Bitcoins and Blockchain (part 1)

Digital crypto-currencies and blockchain self-executing contracts and instruments are this week’s buzz words.  So how does the law, tax and GST fit into the equation? In Part 1 of our Insights | Bitcoins and Blockchain series, we provide a brief introduction to the Bitcoin and Blockchain technology.  In future installments, we will discuss the application of law, Australian income … More Insights | Bitcoins and Blockchain (part 1)