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Paradigm Shift: Examining the Blockchain
Business Revolution
The 2017 Emerging Legal Technology Forum
Moderator: Joseph Raczynski
September 21, 2017
REUTERS / Firstname Lastname
#ELTF17 | #TRLegalTech
Panelists
Casey Kuhlman,
Chief Executive Officer,
Monax.io
Theodore (“Ted”) J. Mlynar,
Partner & Chair, Blockchain
Hogan Lovells US LLP
Stephen P. Kirby,
Senior Counsel,
IBM Canada
Robert E. Craig,
Chief Information Officer,
Baker & Hostetler LLP
Houman B. Shadab,
Co-Founder, Clause.io;
Professor of Law, New York
Law School
3
Overview
• Preface on Technology Today
• What is Blockchain?
• What’s the impact of Blockchain across industries?
How is blockchain impacting the business of law?
• How is blockchain impacting the practice of law?
• What is the future of blockchain?
• Questions
EXPONENTIAL TECHNOLOGIES
4 Paradigm Shift – The 2017 Emerging Legal Technology Forum
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What does LINEAR growth feel like?
*Singularity University – Peter Diamandis
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30 Linear Steps
You walk 30 yards *Singularity University – Peter Diamandis
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LOCAL + LINEAR
Human Development over 250,000 Years
*Singularity University – Peter Diamandis
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What does EXPONENTIAL
growth feel like?
*Singularity University – Peter Diamandis
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If you take 30 EXPONENTIAL steps…
You would travel around the earth 26 times.
1 2 4 8 16 32
64 128 256
512 1024…
…1,073,741,824 yards i.e. 1 Billion
*Singularity University – Peter Diamandis
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Industries Impacted
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Trinity of Forces – Cloud Storage
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Trinity of Forces – Processing Power
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Trinity of Forces – Artificial Intelligence
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15
WHAT IS BLOCKCHAIN?
Paradigm Shift – The 2017 Emerging Legal Technology Forum 15
History of Blockchain
• Peer to peer electronic cash
transfer
• No central bank authority
• Relies on cryptography proof
rather than trust
• Nodes agree/verify the history of
the chain
• Winners of computational race
earn bitcoin
• Solves the double spend problem
18
WHAT’S THE IMPACT OF BLOCKCHAIN
ACROSS INDUSTRIES?
HOW IS BLOCKCHAIN IMPACTING THE
BUSINESS OF LAW?
Paradigm Shift – The 2017 Emerging Legal Technology Forum
Overview
20
HOW IS BLOCKCHAIN IMPACTING THE
PRACTICE OF LAW?
Paradigm Shift – The 2017 Emerging Legal Technology Forum
Smart Contracts
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23
WHAT IS THE FUTURE OF BLOCKCHAIN?
Paradigm Shift – The 2017 Emerging Legal Technology Forum
Questions
