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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

the answer company tm

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