Again this year, the AFJE is pleased to welcome Queen Mary University to present a conference dealing with the Blockchain. This session will introduce you to this notion, its legal issues and the impact on your activity and company.
Blockchain for Off-Chain Assets and the Need for Legal Impurities
The Centre for Commercial Law Studies (CCLS), Queen Mary University of London, is pleased to announce the fifth seminar of the series in Paris on Regulating Cloud Computing and the Internet of Things.
This seminar on Blockchain will be presented by Chris Reed, Professor of Electronic Commerce Law at Queen Mary University of London.
Blockchain technology allows the creation of distributed ledgers. These distribute control among the players rather than requiring a centralised database, and so can reduce costs and speed up transactions. However, when it is used for assets which exist outside the blockchain itself, an unmodified adoption of the technology would bypass legal and regulatory requirements which, for these kinds of assets, cannot be bypassed without fundamental change to the law.
Building those requirements into any blockchain-based system introduces features which are not necessary for performing its core functions, and we call these 'legal impurities'. The most important legal impurities required are those relating to identification of the parties, and introducing the ability of a trusted third party to make modifications to the ledger. Not only does introducing these legal impurities make fundamental changes to the concept behind blockchain, but it is also essential that they are implemented in ways which do not threaten the integrity of the blockchain as evidence.
Date: Tuesday 23 January 2018
Time: 18h30 (accueil from 18h15)
Location: 9 - 11 rue de Constantine, Paris 7e
The seminar will be followed by a drinks reception, as of 20h.
In collaboration with the Association Française des Juristes d'Entreprise.
About the Speaker
Chris Reed is a member of the Centre for Commercial Law Studies (CCLS). He joined the Centre in 1987 and is responsible for the University of London LLM courses in Information Technology Law, Internet Law, Electronic Banking Law and Telecommunications Law. Chris has published widely on many aspects of computer law and research in which he was involved led to the EU directives on electronic signatures and on electronic commerce. From 1997-2000, Chris was Joint Chairman of the Society for Computers and Law, and in 1997-8 he acted as Specialist Adviser to the House of Lords Select Committee on Science and Technology. Chris participated as an Expert at the European Commission/Danish Government Copenhagen Hearing on Digital Signatures, represented the UK Government at the Hague Conference on Private International Law and has been an invited speaker at OECD and G8 international conferences. He is a former Director of CCLS, and from 2004 to 2009 was Academic Dean of the Faculty of Law & Social Sciences.
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