The LSTA is producing a series of short videos on blockchain. In each video, Joe Dewey of Holland & Knight, who is also one of the authors of “The Blockchain: A Guide for Legal and Business Professionals”, discusses this new technology and its potential impact on financial services and the loan market in particular. This week, the second video on “smart contracts” was released. In the context of blockchain, the term “smart contracts” has nothing to do with the traditional idea of a legal contract; rather it refers to a snippet of programming code that can be executed on the blockchain. In the short interview, the LSTA’s Deputy General Counsel, Bridget Marsh, and Joe explain some of the different smart contract use cases in the financial industry and their potential impact on the legal industry.
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Membership in the LSTA offers numerous benefits and opportunities. Chief among them is the opportunity to participate in the decision making process that ultimately establishes loan market standards, develops market practices, and influences the market’s direction.