Monax

We interview Casey Kuhlman, CEO of Monax and discuss the deployment of smart, legally-binding contracts on the blockchain.

Explaining distributed ledgers for lawyers

As the digital age has given rise to newer, more efficient technologies, legal professionals have begun to integrate them into standard legal processes. From video conferencing software to digital voice assistants, these new technologies are the future of law.
Read more at Lexology...

Smart Contract Basics and how implemented in business

Smart Contracts is an application of the blockchain technology to create an independently verifiable, secure, permanent and fault-tolerant agreement designed for satisfying common contractual conditions.
Read more at bmcBlogs...

Buying bitcoin in SA without getting in trouble with the law

The South African Reserve Bank recently issued guidance regarding its position on the purchase and transfer of cryptocurrencies. The SARB does not regulate the exchange of cryptocurrencies in South Africa, but moving cryptocurrency overseas and buying or selling on a foreign exchange could get you into trouble with exchange control regulations.
Read more at My Boradband...

Legal Blockchain Solutions being created

From improving legal education to storing police bodycam footage, hackathon teams have come up with a range of blockchain-based fixes to solve uniquely legal problems. For those who want to know more about how blockchain can solve real problems in the legal industry, it’s worth taking a look at some of the blockchain solutions that Global Legal Hackathon teams created over the course of a weekend in cities around the world.
Read more at Medium...

Cryptocurrencies and SARS

In South Africa, as with most other countries around the world, there is no guidance and regulation regarding cryptocurrencies such as Bitcoin. The Budget Review 2018 (Budget) proposes that the income tax and value-added tax (VAT) legislation be amended to deal with cryptocurrencies, which pose a risk to the South African tax system.

The overarching question pertaining to blockchain, no matter what industry you work, is whether or not we trust the technology. For answers, Legal Executive Institute spoke to Thomson Reuters Technologist and Futurist, Joseph Raczynski, who recently was a featured panelist at the three-city, 2018 Thomson Reuters Public-Private Partnership Forums in New York City on March 7.
Read more at Legal Executive Institute...

BlockChain Technology

Let’s start with the basics. Bitcoin is a cryptocurrency — a digital version of an asset, much like gold. In 2017, its value skyrocketed. Blockchain is the tech that underpins it. It’s a powerful concept and has the potential to change the world pretty drastically.
Read more at Medium...

Blockchain and the law

Blockchain technology has received quite a bit of attention over the last year, with the potential to be a transformative force across multiple diverse industries. At the heart of this is the blockchain itself which offers a technique to create and maintain an immutable – but also transparent – distributed and shared ledger to be able to store information in.
Read more at TechRadar...

What is blockchain

This post starts from the ground up, and today, I just want to help you answer this: What is a blockchain? (… And I promise I won’t describe it as ‘a type of distributed ledgerbecause what the heck is that?)
Read more at HackerNoon.com...

Legal Things

Dutch software firm LegalThings has kicked off with the digitisation of Dutch legislation on the Blockchain. LegalThings launched its LegalThings One platform, an Ethereum-like platform that decentralises contracts and laws on the Blockchain. According to the firm, it beat household names like Capgemini and CGI in the competition for the contract. The Ministry of Justice aims to run the first legislation in the Blockchain by the end of 2018.
Read more at Tahawultech...

Bitcoin settlement for equity deal

Managing director for the legal firm, Nicolene Schoeman-Louw, said: “It is no longer a question of whether such currencies, including Bitcoin, should be regulated or not, but rather who will be doing the regulating.” Until this regulatory framework has been determined, Schoeman-Louw stressed that those interested in conducting business transactions using such currencies should first seek professional advice on the taxable responsibilities, implications, and obligations.
Read more at Business Tech...

Graeme Palmer of Garlicke & Bousfield

There are many different cryptocurrencies, the most well-known being Bitcoin. Bitcoin is a convertible virtual currency, in other words, it has an equivalent value in real currency and can be exchanged back and forth for real currency. Cryptocurrencies are growing in popularity with a market capitalisation in excess of $150 billion.

Alexia Christie

Technology and the law - Technology is changing almost every aspect of our lives. It is therefore no surprise that it has already had a profound effect on how legal contracts are made (and signed), for example, we now negotiate via email, VC and Skype and sign electronically without ever meeting face to face.

Bitcoin explained

Most of you would have heard of Bitcoin or cryptocurrencies and many of you the blockchain, but understanding these terms is very difficult because they are complicated, made even more so by the myriad of articles trying to do so. I have seen many descriptions of cryptocurrencies and the blockchain for the layman and experts alike. I like none of them … because none of them can help my farmer-in-laws understand it.
Read more at LinkedIn...

ThinkSmart

Using smart contracts, BlockAudit allows workflow audit trail data to be seamlessly stored in the blockchain. BlockAudit’s private blockchain utilizes a system of record-keeping that is verified by a network of computers. The blockchain keeps a permanent record of all transactions, making it the perfect ledger for different actions that have taken place within a workflow.
Read more in Medium...

Cryptocurrency regulation

The Bitcoin Scaling Agreement was as much a story about technology as Titanic was about a ship.

Bowmans BowMoney Crypto currency

Sandton based pan-African law firm, Bowmans launched its own cryptocurrency – BowMoney – in July. BowMoney, it said, is the cryptocurrency that will underpin the innovative new Blockchain-backed reward and recognition system for Bowmans employees in Kenya, South Africa, Tanzania and Uganda.
Read more at Business Tech...

Blockchain assets

After many friends and family members asked me to explain my investments in blockchain assets, I decided to write an email. That email turned into this blog post.
Read more at Medium...

BlockChain Explained part 1

Over this past year I took a keen interest in understanding cryptocurrencies such as bitcoins and quickly realized that while digital currencies were powerful, the technology that powers them — blockchains, could change the face of how business is done. This post is the first in a 3-part series where I will present an overview of cryptocurrencies & blockchains, how blockchains are born and the broad concepts that make them possible. I will also share my notes on the business use cases for blockchains and implications for our “Internet of Things” future.
Read more at Medium...

Bitcoin over $2000 mark

The world’s most popular cryptocurrency is now worth over $2,000 per coin.  That’s according to a range of bitcoin exchanges, including Coinbase and Kraken. That valuation puts the total market cap of bitcoin — the total number of coins in circulation — at $32.92 billion.
Read more at TechCrunch...

Bitcoin as legal property

As Bitcoin is adopted by more users every day, the need to determine how it can integrate into mainstream society becomes even more pressing. One major question continues to be how traditional laws apply to Bitcoin and its use. Many of those determinations could have major implications for Bitcoin and its holders, and few will play a bigger role in the United States than property laws, which could ultimately govern ownership over the digital currency.
Read more at BitCoin Magazine...

SEC and bitcoin

During early March 2017, on the brink of the South African Blockchain conference, wearing the Bitcoin badge of innovative positivity was the article entitled "Financial Product Wrappers: A Regulatory Home for the Wayward Bitcoin" written. An article inspired by the then pending Winklevoss Bitcoin exchange traded fund ("ETF") application, the approval of which was at the mercy of the United Stated Securities Commission ("SEC").

Bitcoin accepted here

As crucial as BitCoin may be to the growing global financial markets and as much as it may revolutionise concepts relating to payment and economic freedom, its volatile market value, reports of hacking and theft and alleged dalliance with the "dark web."  has resulted in the perpetuation of the BitCoin narrative as untrustworthy.

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