It's this time of year, when writers and audience alike feel obliged to look back into the year that just ended, and forecast the one that's just starting. We figured the best way to chip in our fair share would be to revisit what we identified as 5 key technology trends for the roaring 20s last year, see where things stand, and try and offer some educated guesses as to where things may be headed. To reiterate the context from last year, the original roaring 20s were 100 years ago, but we may be about to see a new version of this. And if it's going to be "a period of economic prosperity with a distinctive cultural edge," then both the economic and the cultural aspects will be all about data. (READ MORE)
To remain competitive, companies find themselves increasing their efforts to digitally transform their businesses by developing new offerings based on emerging technologies and integrating these technologies into existing product and service offerings. This is our eleventh monthly bulletin for 2020, aiming to help companies identify important and significant legal developments governing the use and acceptance of blockchain technology, smart contracts and digital assets. (READ MORE)
On October 21, 2020, the New Jersey Assembly Science, Innovation and Technology Committee approved bill A-2891, known as the Digital Asset and Blockchain Technology Act (the Bill), to regulate growing cryptocurrency companies and transactions in New Jersey. (READ MORE)
Bankers have historically been skeptical of how secure blockchain technology will be for their tightly regulated industry. But that attitude has shifted dramatically over the past few years as they have become more familiar with the technology and more excited about its potential uses. More than half of business executives say that blockchain will be critical to their company’s success over the next three years, according to a report by Accenture. (READ MORE)
It’s time we started taking our personal data as seriously as the top tech firms do. We need to understand its real value to us in all aspects of our lives. Blockchain technology can help us do that, enabling us to use our data proactively and improve our well-being. And while there are many areas where taking control of our data might improve our lives, there is one particularly promising place to start: healthcare data. (READ MORE)
Decades ago it was all done on paper and now, though electronic, it continues to be burdened by a myriad of duplicate procedures and reconciliations among thousands of its members. In a few months DTCC will quietly begin the largest live implementation of blockchain, the distributed database technology made popular by the bitcoin cryptocurrency. Records for about 50,000 accounts in DTCC’s Trade Information Warehouse, where information on $10 trillion worth of credit derivatives is stored, will move to a customized digital ledger called AxCore. Soon all will have access to a single real-time account of trades, eliminating layers of databases. (READ MORE)
On April 16, the Arkansas governor signed HB 1944, which defines blockchain technology under the state’s Uniform Electronic Transactions Act (UETA). Under the act, “blockchain technology” is defined as “a shared, immutable ledger that facilitates the process of recording one or more transactions and tracking one or more tangible or intangible assets in a business network.” The act also provides definitions for “blockchain distributed ledger technology” and “smart contract” under the UETA. The act takes effect 90 days after adjournment of the legislature. (READ MORE)
Governor Hutchinson signs Arkansas’ first blockchain legislation embedding in law digital smart contracts. The legislation was guided by Blockchain Ready Studio in partnership with IBM. Standing behind Governor Hutchinson from left Jeannie Stroth, Marla Johnson, Senator Joyce Elliott (bill sponsor), Evan Thompson, Ken Hubbell, Samantha Lindstrom, Kathy Barbeire, Jennifer Peper, and Richard Bearden.
Arkansas Governor Asa Hutchinson, Marla Johnson (Blockchain Ready Studio Cofounder), and Senator Joyce Elliott (bill sponsor) celebrate blockchain smart contracts law signing.
A key element of the U.S. Food and Drug Administration’s mission is focused on helping to ensure that all products we regulate, including drugs available to consumers, are safe and of high quality. This means working to ensure greater accountability in our nation’s drug supply chain. (READ MORE)