Intellectually Jay

A blog where Intellectual Property and Smart Contracts meet

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    Traditional Contracts and their Pain Points “Business does not stand still, however traditional contracts do.” Professor Shadab explained that businesses need dynamic contracts that can be updated in real time. Businesses are in need of contracts that integrate with the business world and are constantly evolving. He explained that the goal of clause is to help develop open-source standards to help move dynamic smart contracts forward. Dynamic contracts (legal smart contracts) would allow…
The importance of social media for a  business entity is becoming a critical part of how a corporation markets and connects with its consumers. With much of America’s citizens joining and using social media sites regularly, the social media industry is becoming a larger part of our lives. In fact, over 2 million corporations are using Facebook for promoting their products and services. Corporations have found that the use of social media allows for it…
It is important to have the ability to improve one’s community. But it is just as important to retain the ability to reside in that community after the improvement have been made.   Civic Beautification Efforts   Imagine using local resources to empower those who reside in disinvested communities through crowdsourcing. Imagine affording local residents the ability to contribute to the restoration of their communities without gentrification. Crowdfunding can allow residents to turn creative, sustainable…
By Brooks Lockett and Justin Evans     Two recent developments are dramatically altering the biotechnology industry. First, there have been vast increases in the amounts of chemical herbicides used on genetically modified crops, and still further increases are scheduled to occur in the next few years. Second, the World Health Organization’s International Agency for Research on Cancer (IARC) has classified glyphosate, the herbicide most widely used on GM crops, as a “probable human…
  Cease and Desist Letter Automation ———————————————————————————————————————————————————————————Introduction: On Friday, April 20th LegalRnD will host the “Measuring Lawyer Quality and Setting an Empirical Research Agenda for Legal Technology and Innovation” Conference from 9 am to 12 pm at the Kellogg Center in East Lansing. Students from Dan Linna Jr.’s Litigation: Data, Theory, Practice, Process Course will present on legal technology tools that have been developed to address real-world problems provided by project partners. Students were taught…
Below is an abstract/summary of my paper with the Journal of Business, Entrepreneurship and the Law at Pepperdine Law School. Motivated by the recent explosion of interest in artificial intelligence(AI), I examined whether it makes sense to implement AI in smart contracts, to make them more effective. The current state of smart contracts leaves one to wonder if these are true contracts themselves. Traditional contracts have an offer for acceptance, highlighting the fact that smart contracts…
  On March 30th, Houman B. Shadab, a founder of the Accord Project and professor of law at New York Law School, will lead a workshop at the University of Michigan Law School about blockchains, smart contracts, and the Accord Project. Professor Shadab is a prolific and influential expert at the intersection of law, business, and technology. His research focuses on financial technology, smart contracts, hedge funds, derivatives, commercial transactions, and blockchains. The workshop…
Yesterday  I attended the joint Process Improvement workshop for Lean Lawyering, which was hosted by several Florida public-interest lawyers and LegalRnD at the State Bar of Michigan. Here’s a link to the workshop’s website: There were about 40 participants at the meeting, and I had the opportunity to meet and share ideas with practicing practitioners from law firms, legal aid entities, courts, and corporations from around Michigan. The conference was very thoughtfully organized and included experiences…
The following post was drafted as an assignment between Danielle Chirdon, Anita Western, and I. Executive summary: In order to conduct a proper assessment of the risks and liabilities in a merger or acquisition deal, the due diligence process must also include an assessment of the target corporation’s cybersecurity. An acquiring company must evaluate the strength of a target company’s cybersecurity processes and controls. In light of the increasing significance of cybersecurity threats,…