What Are Smart Contracts?

As you know, we here at Abnormal Use find ourselves members of a number of legal groups, including the North Carolina Legal Geeks, which puts on several programs per year in the Charlotte area. If you find yourself in the Queen City tomorrow, Thursday, May 26, 2016, you might be interested in their latest program.

Called “What Are Smart Contracts?”, the program will feature local attorney and self professed legal hacker Tom Brooke will be speaking. Brooke is the founder of the North Carolina Legal Hackers, and as such, he knows a good bit about legal technology issues. He will be discussing how smart contracts will be used in the future as well as how they may affect the practice of law. As a refresher, our friends at Wikipedia have defined “smart contracts” as follows:

Smart contracts are computer protocols that facilitate, verify, or enforce the negotiation or performance of a contract, or that make a contractual clause unnecessary. Smart contracts usually also have a user interface and often emulate the logic of contractual clauses. Proponents of smart contracts claim that many kinds of contractual clauses may thus be made partially or fully self-executing, self-enforcing, or both. Smart contracts aim to provide security superior to traditional contract law and to reduce other transaction costs associated with contracting.

The event takes place Thursday, May 26, 2016 at 6:00 p.m. at Kickstand Charlotte located at 1101 Central Avenue in Charlotte.

For more information, see the event’s Facebook page here.

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