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Description: BLOCKCHAIN BASICS 2021 Series
Episode #1: Blockchain and Smart Contracts
July 22, 2021 at 1:00 PM CST
Blockchain is a tool. Samson Williams likens blockchain to a group text message, in which each participant receives a distributed, time-stamped, tamper-resistant (and encrypted) record of data transactions. Each group text has these characteristics. Everyone in the group “sees” the data, and none can change or gainsay any group message. Smart contracts are computer code put on the blockchain (how, exactly?) that establishes self-executing terms and conditions of a transaction. Are smart contracts smart? If certain data comes in and fulfills a pre-set term or condition, then rights and responsibilities are formed, terminated, modified, or shifted among the parties. Ah certainty and transparency, but also ah garbage in and garbage out. Are some contractual terms not amenable to smart contracting? And are smart contracts necessarily contracts? If not, can they still be useful? If a smart contract is a contract, what is the governing document? Is it the words business people and lawyers use, or is it the code that is supposed to reflect the words?
This webinar is delivered in Plain English, understandable to you even if you do not have a background in the subject. It brings you into an engaging, even sometimes humorous, conversation designed to entertain as it teaches. And, it is specifically designed to be viewed as a stand-alone webinar, meaning that you do not have to view the other webinars in the series to get a lot out of it.
Speaker Information
Moderator:
Christopher Cahill, Partner, Sugar Felsenthal Grais & Helsinger LLP
Mr. Cahill is a partner at Sugar Felsenthal Grais & Helsinger LLP, in Chicago, Illinois. He guides secured lenders, creditors, debtors, creditors’ committees, potential purchasers and others through bankruptcy cases, out-of-court workouts, assignments for the benefit of creditors, and receiverships. Mr. Cahill has substantial mega-case experience representing very large debtors, and counsels and litigates on behalf of manufacturers and secured lenders in large and middle-market cases.
Mr. Cahill also publishes frequently and speaks regularly on commercial insolvency issues. For example, he is an executive editor of Commercial Bankruptcy Litigation, 2d Edition (Jonathan P. Friedland, Elizabeth Vandesteeg & Christopher M. Cahill eds., 2020).
Panelists:
Speaker #1
Karl M. Sjogren, Author, The Fairshare Model
From 1996 to early 2001, I was CEO and co-founder of a company, Fairshare, that was a front-runner for the modern concept of crowdfunding. That experience, together with what I’ve learned as a consultant, provides the foundation for the book I’m working on, The Fairshare Model.
Prior to moving to the San Francisco Bay area in 1983, I lived and worked in for established manufacturing companies in St. Louis, Chicago and the Detroit area, where I grew up.
I have a BA degree in Business/Pre-law as well as a MBA degree in finance from Michigan State University. I am also registered as a Certified Public Accountant in Illinois.
| Practice Areas: | | Banking & Finance Law, Business Organizations & Contracts, Information Technology Law & E-Commerce | | Online Media Type: | | Audio | | Production Date: | | 07/22/2021 | | Level: | | Intermediate | | Category: | | Standard | | Duration: | | 1 Hours, 1 Minutes | | Online Format: | | On Demand | | Course Type: | | Public |
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| • | Christopher Cahill - Sugar Felsenthal Grais & Helsinger LLP | • | Karl M. Sjogren - Author, The Fairshare Model |
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