The Etherum Alliance has announced that ten U.S. law firms and four further legal institutions that focus in block chain technology have joined the group.
- Debevoise & Plimpton
- Hogan Lovells
- Holland & Knight
- Jones Day
- Morrison Foerster
- Perkins Coie
- Shearman & Sterling
- Cardozo Law School’s Blockchain Project
The new law firm members have also joined the alliances legal industry-working group, headed by Aaron Wright, co-director of the Cadozo Law School’s Blockchain project.
Julio Faura the chairman of the Enterprise Ethereum Alliance board of directors has said that the law firms will be working to make sure that blockchain-based technologies are more than just compliant with the financial system, but also compliant with the telecommunications and power delivery industries.
Faura, head of blockchain research and development at Banco Santander, stated: “If we’re going to represent all of these things using smart contracts, and we’re going to mimic the same properties that we have in the corporate world using smart contracts, then it’s very important that we do it in a way that is compliant with today’s laws and today’s policies.”