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Precast Show 2019

BIG PICTURE

ANOTHER BLOCK IN
THE (SUPPLY) CHAIN
Justin Steffen, Ice Miller LLP

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BIG PICTURE WHY BLOCKCHAIN/LEDGERS?

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WHY BLOCKCHAIN/LEDGERS? WHY BLOCKCHAIN/LEDGERS?

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TRUST THE PROCESS (THE CODE


OR PROTOCOL)

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WHY BLOCKCHAIN/LEDGERS? 1. DECENTRALIZATION

1. Decentralization

2. Resilience / Distributed

3. Security

4. Transparency

5. Immutability

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1. DECENTRALIZATION 1. DECENTRALIZATION

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2. DISTRIBUTED / RESILIENCE 2. DISTRIBUTED / RESILIENCE

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3. SECURITY A. PUBLIC AND PRIVATE KEYS

A. Digital Signatures

B. Crytographic Hashing

C. Consensus (Proof of Work)

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B. KEYS AND HASHING B. HASHING

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B. HASHING B. HASHING

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B. HASHING C. CONSENSUS

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C. CONSENSUS C. CONSENSUS

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4. TRANSPARENCY 5. IMMUTABILITY

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DRAWBACKS OR REALITY 1. DECENTRALIZATION

1. Decentralization

2. Resilience / Distributed

3. Security

4. Transparency

5. Immutability

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1. DECENTRALIZATION 3. SECURITY

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3. SECURITY 3. SECURITY

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3. SECURITY 4. TRANSPARENCY

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5. IMMUTABILTY 5. IMMUTABILTY

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5. IMMUTABILTY THIS IS MY RIFLE . . .

https://www.youtube.com/watch?v=aTwbDAYBVxA

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BLOCKCHAIN(S) RELEVANT TERMINOLOGY

1. Smart Contracts

2. Forks

3. ICO

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SMART CONTRACTS SMART CONTRACTS

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FORKS FORKS

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FORKS ICOS

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USE CASES USE CASES

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USE CASES USE CASES

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USE CASES USE CASES

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USE CASES USE CASES

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USE CASES SO, SUPPLY CHAIN?

https://www.youtube.com/watch?v=OTzyS0pwDQo

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Is this a good idea?

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Legal Considerations:

1. open source license compliance


2. governing law/jurisdiction
3. Reps and Warranties
4. antitrust issues
5. cybersecurity and data privacy issues
6. information governance (who controls what)
7. litigation risk
8. IP protection issues

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Legal/Practical Considerations:

1. Securities
2. Storage
3. Insurance
4. Sale
5. Disclosure

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Legal Considerations:

1. cybersecurity and data privacy issues


2. Reps and Warranties
3. information governance (who controls what)
4. litigation risk

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ANOTHER BLOCK IN
THE (SUPPLY) CHAIN
Justin Steffen, Ice Miller LLP
Justin.Steffen@icemiller.com
@FinTechAttorney

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