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 →