SlideShare a Scribd company logo
WHY LAWYERSCARE
ABOUT BITCOIN AND BLOCKCHAIN TECH
(AND HOW TO GET INVOLVED)
@pamelawjd
PAMELA MORGAN
FOUNDER: EMPOWERED LAW PLLC
CEO: THIRDKEY.SOLUTIONS
BOARD: CRYPTOCONSORTIUM.ORG
COLLABORATOR: COALA.GLOBAL
LAWYERS CARE BECAUSE
BITCOIN IS COOL
@pamelawjd
"INTERNET OF MONEY”
INVESTMENT DOLLARS POURING IN
SILICON VALLEY
WALL STREET
LAWYERS CARE BECAUSE
BITCOIN CHANGES TRUST
@pamelawjd
TRUST IN PUBLIC REPUTATION AND NETWORK
SYSTEMS NOT INSTITUTIONS
NO NEED FOR CUSTODIAL ACCOUNTS
LAWYERS CARE BECAUSE
BITCOIN SHIFTS POWER
@pamelawjd
TRULY GLOBAL SYSTEM
PROVIDES ALTERNATIVE TO CURRENT SYSTEMS
EMPOWERS INDIVIDUALS
CHARITY & NGOS
GOVERNMENT ACCOUNTABILITY
GOVERNMENT POLICY
CAMPAIGN FINANCE
COPYRIGHT
EVIDENCE
ADR
LAWYERS CARE BECAUSE
BITCOIN MAY AFFECT…
@pamelawjd
BANKING, FINANCE, START-UPS
TAX, ESCROW
REAL PROPERTY
SECURED TRANSACTIONS
CONTRACTS
ESTATE PLANNING
PROFESSIONAL RESPONSIBILITY
INTERNATIONAL LAW
CORPORATE LAW
SECURITIES LAW
EQUITY CROWDFUNDING
LAWYERS CARE BECAUSE
BITCOIN PRESENTS NOVEL LEGAL ISSUES
@pamelawjd
DECENTRALIZED COLLABORATIVE ORGANIZATIONS
AUTONOMOUS AGENTS
USING BITCOIN IN A LAW PRACTICE TODAY:
PROOF OF EXISTENCE
@pamelawjd
@pamelawjd
Proof of Existence: unalterable date and time stamp
for ANY finalized document - confidentiality maintained
USING BITCOIN IN A LAW PRACTICE TODAY:
NO NEED FOR IOLTA
@pamelawjd
@pamelawjd
Bitcoin’s Multisignature Feature provides
Security Without Custody
Typical Configuration: 2-of-3
@pamelawjd
Facilitates consumer protection through choice and reputation
Global marketplace for “arbitrators”
USING BITCOIN IN A LAW PRACTICE TODAY:
GOVERNANCE CONTROLS
@pamelawjd
@pamelawjd
Bitcoin’s Multisignature Feature provides
Accountability, Auditability, Separation of Duties
ANY configuration: X-of-15
USING BITCOIN IN PRACTICE TODAY AND TOMORROW:
SMART CONTRACTS
@pamelawjd
@pamelawjd
“A smart contract is a computerized transaction protocol
that executes the terms of a contract.
The general objectives of smart contract design are to satisfy
common contractual conditions (such as payment terms,
liens, confidentiality, and even enforcement), minimize
exceptions both malicious and accidental, and minimize the
need for trusted intermediaries.
Related economic goals include lowering fraud loss,
arbitration and enforcement costs, and other transaction
costs.”
Nick Szabo, Smart Contracts 1994
@pamelawjd
@pamelawjd
BITCOIN AND TRANSPARENCY
CHARITABLE DONATIONS
@pamelawjd
@pamelawjd
BITCOIN AND THE LAW
LEARN MORE
@pamelawjd
@pamelawjd
cryptoconsortium.org
@_CFour_
@pamelawjd
coincenter.org
@pamelawjd
@pamelawjd
BITCOIN AND THE LAW
WHAT’S NEXT?
@pamelawjd
@pamelawjd
QUESTIONS???
@pamelawjd
BANKING, FINANCE, START-UPS
TAX, ESCROW
REAL PROPERTY
SECURED TRANSACTIONS
SMART CONTRACTS
ESTATE PLANNING
PROFESSIONAL RESPONSIBILITY
INTERNATIONAL LAW
CORPORATE LAW
SECURITIES LAW
EQUITY CROWDFUNDING
CHARITY & NGOS
GOVERNMENT ACCOUNTABILITY
GOVERNMENT POLICY
CAMPAIGN FINANCE
COPYRIGHT
EVIDENCE
ADR
LEARN MORE:
COMMONACCORD.ORG
PROOFOFEXISTENCE.COM
BITRATED.COM
BITGIVEFOUNDATION.ORG
COINCENTER.ORG
BLOCKCHAINWORKSHOPS.ORG
CRYPTOCONSORTIUM.ORG

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