In the last couple of years my interest in blockchain technology progressed from mere curiosity and spectator attitude to one of careful consideration of the practical benefits of the distributed ledger, DAOs and smart contracts. I am not the only one who thinks in that direction. There are others who are already building code to generate one-click-LLC companies, digital escrow agreements, and automated arbitration resolutions in the form of smart contracts. It is possible that 10 years from now, smart contracts will be ubiquitous in the practice of transactional law. As things stand today, lawyers’ understanding of blockchain technology and [...]