Aaron Wright

Professor Aaron Wright, director of Cardozo’s Blockchain Project, co-developed the OpenLaw system, which is now launching a new smart contract platform that will allow lawyers to make legally binding and self-executing agreements on the Ethereum blockchain. The OpenLaw system and its use on the Ethereum blockchain was the focus of an article on Artificial Law, a website that covers the legal technology industry. OpenLaw allows lawyers to make use of a searchable database of templates on the platform, then create customized contracts for specific transactional uses, e.g. a finance agreement, or a short-term employment contract. The named parties can then confirm and activate the contract on the Ethereum blockchain using e-signatures and then have the contract self-execute its key agreements via the same blockchain. The project looks to provide a more efficient, transparent and secure contracting system.