Smart Contracts

Here come the machines, and they can read everything you have instantaneously, as well as every other law book every written. They have total recall of any precedent ever set and an insurmountable amount of information at the end of their electrodes, ready to be utilized in response to any query or requirement. But machine learning isn’t the thing that will exterminate the professions, specifically lawyers. The blockchain will be the grim reaper who comes for them first.

What’s the single greatest invention in human history? I would argue that the answer is private property. If you understand why, then you should also have a profound appreciation for another great invention in human history: the blockchain. They are mutually reinforcing. In fact, humanity has never had a better tool for keeping up with private property claims under complex, globalized, digital economic structures.