Will smart contracts spell the end of lawyers?

Smart contracts in combination with distributed ledger technologies like Ethereum might soon replace lawyers; or so some reports will have you believe. How true is this?

Ethereum is a decentralised platform that runs smart contracts. Using blockchain, it can move value around and represent the ownership of property. It is touted as being free from any possibility of censorship, fraud or third-party interference.

But can smart contracts be enforced? Find out at the Legal Tech Summit this June.

Buddle Findlay partners Amy Ryburn and Bridgette White will explore smart contract technology, and analyse the arguments presented by it. They will help answer the question of whether an early understanding of smart contracts will give law firms a significant competitive edge.

Ryburn and White will also discuss how smart contracts work, whether they are legally enforceable, how will rescission be managed, issues around security and confidentiality, what happens if auto-enforcement fails and handling disputes.

Early Bird registrations are now open for the Legal Tech Summit. For more information and to book, go here.

The Legal Tech Summit New Zealand will be held at the Hilton Auckland on 28 June.