The Wayne State University Law School Law Review will host its annual symposium, this year on the topic of “The Emerging Blockchain and the Law.” The event is free and open to the public, and will be held Friday, Feb. 22, from 8:15 a.m. to 4:30 p.m. at Wayne Law’s Spencer M. Partrich Auditorium, 471 W. Palmer in Detroit.
In 2009, a cryptocurrency called Bitcoin first appeared in the world. While the price gyrations of Bitcoin, and of the many cryptocurrencies created in its image, captured the public’s attention, less noticed has been the underlying technology, called “blockchain.” The decentralized, tamper-resistant nature of the technology has the potential to ensure the integrity of transactions among parties that have no basis to trust each other, and removes the need for any central authority to mediate interactions. Uses for blockchain technology include: creating self-executing contracts, managing the supply chain, maintaining digital identities, trading in energy markets, decentralizing democracy, managing healthcare, delivering financial services, recording corporate filings, among much more.
This symposium will explore the issues that are created when contracts are enforced automatically by technology rather than by a contracting party’s invocation of the coercive power of courts; use of blockchain technology by local governments; and use by business organizations in applications such as controlling the supply chain and decentralizing management of the corporation itself.
Register at https://rsvp.wayne.edu/lawreview19. Registration includes breakfast, lunch, networking reception and cocktails. This symposium is made possible by funding from the Cohn Family Endowed Fund. For additional information, contact Lauren Madison at symposium_editor@ wayne.edu.
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