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Ira Schaefer

Posts by Ira Schaefer

Blockchain and IP: Podcast Interview

Ted Mlynar and Ira Schaefer in our Blockchain-Smart Contracts IPMT Working Group were interviewed for the Fordham Intellectual Property, Media & Entertainment Law Journal podcast series. Ted and Ira talk about their work with Ethereum smart contracts, and how blockchain technology can be used to protect intellectual property rights. They also discuss the important new roles for lawyers

Blockchain: Delving into smart contract practicalities

Our partners Ted Mlynar and Lewis Cohen were quoted in a Wall Street Journal article which covers Hogan Lovell’s thought leadership on blockchain technologies, specifically how to grapple with the practical issues involved in implementing a smart contract. Ted advocates an integrated approach by transactional counsel with subject matter expertise, smart contract lawyers, and programmers. To demonstrate, he and partner Ira Schaefer

Covering 3 bases on smart contracts

Lewis R. Cohen, Ira Schaefer and Ted Mlynar are quoted in this recent article on Legaltech news which takes a  look at “what makes smart contracts tick, and what new roles and skills they will demand of attorneys.” The following questions are covered: What are Smart Contracts, and How Do They Work? Can Binding Contracts Exist in

Is a Blockchain patent still possible?

In a previous article, we explored whether Satoshi Nakamoto could have patented bitcoin and whether such a patent would have survived an eligibility challenge. In this post, we look at some of the legal and practical issues facing the would-be blockchain patentee including:   ‘Alice’ Eligibility Questions for Blockchain Inventions Post-‘Alice’ Eligibility Updates Practical Approaches For

U.S. elections: What about Blockchain?

With the U.S. election fast approaching, even blockchain is one of the issues under examination. In an interview published on PYMNTS.com, Ira Schaefer comments on how the development of blockchain technology might be addressed by the presidential candidates. …because Donald Trump has indicated a penchant for completing projects under budget and ahead of schedule, blockchain and smart contracts

Blockchain smart contracts need a new kind of due diligence

In this post we examine the issues that can arise when recording smart contracts in an immutable system and raise the need for enhanced due diligence before any transactions are written in “blockchain stone”. “…due diligence will bring together specialized transactional lawyers who can review the terms of a specific deal, software experts who can

The Bitcoin Patent – Only A Matter Of Time?

Bitcoin is a technological marvel that has revolutionized financial systems. The birth of bitcoin came in 2008 in a paper entitled “Bitcoin: A Peer-to-Peer Electronic Cash System” by the pseudonymous Satoshi Nakamoto. The genesis block – the first block of transactions – was created the following year, and the network has continued ever since. Given

The U.S. Supreme Court Sinks The Federal Circuit’s Indefiniteness Standard In Nautilus Nautilus, Inc. v. Biosig Instruments, Inc.

(U.S. Supreme Court, Decision of 2 June, 2014, No. 13-369, Nautilus, Inc. v. Biosig Instruments, Inc.) The Supreme Court’s unanimous decision lowered the standard for finding a patent claim indefinite under 35 U.S.C. § 112 ¶ 2. Previously, the Federal Circuit would find a claim term indefinite “only when it is ‘not amenable to construction’