In The News

What’s a Smart Contract? And Why Should Treasurers Care?

Association for Financial Professionals, Inc.

01 Dec 2016

Joshua Ashley Klayman, head of MoFo’s Blockchain + Smart Contracts Group, was quoted following a panel session on November 29, 2016 at the Blockchain for Wall Street conference in the article, “What’s a Smart Contract? And Why Should Treasurers Care?” published by the Association for Financial Professionals, Inc.

Ms. Klayman provided attendees with a lawyer’s perspective on the creation of smart contracts and commented on the issues that many of the firm’s blockchain clients face. “I think one of the challenges that a lot of clients are struggling with is how you can make sure the code matches what you think you have in the contract,” she said. “In a legal contract, you don’t want any ambiguity. When you sign your contract, you want to know exactly what is going to happen. And with the code, how are you sure that there are no bugs? How are you sure it matches what’s actually in your written contract? So right now, the simpler, the better.”



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