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Prof. Michael Mainelli “Smart Ledgers (aka blockchains) Beyond Law?”
January 4, 2018 @ 8:00 am - 5:00 pm
17th Jan 2018
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Smart Ledgers are the ‘next big thing’ in technology. They are based on a combination of mutual distributed ledgers (MDLs, aka blockchain), intelligent agents, and sensing technologies. MDLs are multi-organisational databases with a super audit trail that started becoming more widely known in 2009, mostly because of the role they played in the development of cryptocurrencies. Smart Ledgers are MDLs with embedded programming and sensing, thus permitting semi-intelligent, autonomous transactions. The transaction code is sometimes erroneously referred to as a ‘smart contract’ and claims are made that these structures might make lawyers irrelevant. In this talk, Professor Mainelli will explore the cooperation and friction between Smart Ledgers and the legal sector, how such ledgers are integrating with current legal practice, and how future legal and indemnity structures might look.
Professor Michael Mainelli FCCA FCSI FBCS, Executive Chairman, Z/Yen Group
A qualified accountant, securities professional, computer specialist, and management consultant, educated at Harvard University and Trinity College Dublin, Michael gained his PhD at London School of Economics where he was also a Visiting Professor. He began his career as a research scientist in aerospace & cartography. His biggest technical claim to fame might be the first commercial digital map of the world, MundoCart. He entered the City of London in 1984 ahead of Big Bang, becoming an accountancy-firm partner and later a director of Ministry of Defence research. During a spell in merchant banking, he co-founded Z/Yen in 1994, the City of London’s leading think-tank, to promote societal advance through better finance and technology. He has led Z/Yen from creating smart ledgers (aka blockchain technology) through Taskforce 2000, the Financial £aboratory, Long Finance & the London Accord, the Global Financial Centres Index, and the Global Intellectual Property Index. Over the years his clients have included virtually all major investment banks, as well as many exchanges, insurers, fund managers, regulators, and financial information providers. He is a non-executive director of two listed firms and a regulator, Alderman of the City of London for Broad Street, Emeritus Professor & Trustee at Gresham College, Fellow of Goodenough College, trustee of several charities, and Master of the Worshipful Company of World Traders. He has written numerous academic papers and his third book, The Price of Fish: A New Approach to Wicked Economics and Better Decisions, won the 2012 Independent Publisher Book Awards Finance, Investment & Economics Gold Prize.