Understanding Blockchain-Enabled Distributed (P2P) Energy Trading

This article aims not to discuss the recent frenetic price changes in cryptocurrencies, but to rather take a closer look at one of the proposed facets of the Blockchain revolution: Blockchain-Enabled Distributed Energy Trading (or Blockchain-Enabled P2P Energy Trading). This supposed revolution posits that Blockchain enables retail users to trade energy with each other effectively, the economic incentives of which will prompt retail users to produce their own electricity with renewable means, and thus, reduce Continue Reading →

Enforceability of Smart Contracts under the Statute of Frauds

What is a Blockchain: Blockchains are digital ledgers maintained by a network of computers. Anybody with internet access can set up an account to use a blockchain. The account is comprised of a public and private key. The public key can be analogized to an email account where the private key is like the password. Using the account allows to owner to send and receive tokens (such as bitcoin) and other information. All the transactions Continue Reading →

Blockchain in the U.S. Regulatory Setting: Evidentiary Use in Vermont, Delaware, and Elsewhere

Joanna Diane Caytas* I. Introduction In February 2017, the Delaware Court of Chancery faced a conundrum: following settlement of a shareholder action after a contested merger, shareholders representing 49,164,415 shares claimed settlement proceeds, but the class contained only 36,793,758 shares.[1] By definition, holders of over 12 million of these shares must have lacked entitlement to settlement disbursements, yet all claimant shareholders presented valid evidence of ownership. Investigation by class attorneys failed to establish the “current” Continue Reading →