If I Were an NBA star, I Too Would Use Blockchain to Contract
January 28, 2020
contracts blockchain contracts lifecycle management
Spencer Dinwiddie is unknowingly giving legitimacy to the use of blockchain in contracting. His intent was to make his NBA contract an investible “stock” backed up by his income stream. Essentially, you can buy into Dinwiddie’s $34mm contract in chunks by “signing” a contract facilitated by blockchain technology. I think we are onto something here folks. I may try and do the same–let’s see what our People team thinks of that!
“With this blockchain technology you just need a few financial engineers, you need some lawyers to draft the contract, but the blockchain allows a built-in software that tracks all the transactions and one basic contract to govern in”
https://www.law.com/legaltechnews/2020/01/23/lawyers-dont-t..
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