In this new era of blockchain, distributed ledger technologies, and the Internet of Things (IoT), machine executable software code-agreements, or ‘Smart Contracts’, represent the future of legal contracts. To some, the idea of a future of automated self-governing, self-executing contracts, represents a distant pipe dream. Yet, the breakneck speed of development of blockchain, distributed ledger technologies, and cryptocurrencies, combined with the ongoing unprecedented and rapid changes in a plethora of ‘legacy’ industries such as logistics, international trade, and banking and finance, highlight the fallacy in this type of antiquated reasoning.

Lawyers, academics, and jurists who revel in the status quo, fail to give due credence to the need and desire to evolve legal ecosystems. Indeed, viewed in this way, legal recourse to courts and tribunals represents a necessary, but inefficient, initial development in a legal contractual ecosystem. This represents the steps necessary to develop a rich and in-depth body of contractual law and principles from which a more advanced, streamlined, and effective, both in terms of time and costs, automated contractual system can be developed.

This training course has been specifically designed and developed to provide attendees with the most advanced training covering the design, development, and implementation of smart contracts currently available anywhere on the market. Over the space of two-days, the training course will cover an analysis of the underlying technologies such as blockchain and distributed ledger technologies, as well as the relevant underlying principles relating to contract law from global (i.e. common law, civil law, international law) perspectives.

The training course will break down all the relevant principles in a logical way in order to allow attendees to understand all key elements of Smart Contracts, such as Smart Contracts and self-executing terms, code-only Smart Contracts, automatic generation of instructions based on pre-programmed logic, the need for tokenisation of real-life assets, and the coding of real-life events into the underlying Smart Contract architecture.