Family Law Prof Blog

Editor: Margaret Ryznar
Indiana University
Robert H. McKinney School of Law

Tuesday, March 6, 2018

Love Letters on the Blockchain

From Market Watch:

Forgot to get a Valentine’s Day gift for your sweetheart? There is still time to permanently etch your love on the blockchain.

Startups, initial coin offerings, and other services are allowing lovebirds to immortalize their feelings using crypto technology. The blockchain is the technology on which bitcoin and other cryptocurrencies are built. It functions essentially as a decentralized public ledger used to record and verify transactions. Many forms of cryptocurrency are built on their own unique public ledgers. Every time a transaction is made, it’s verified across the blockchain allowing different parties to share information in real time without a central administrator.

Building “smart contracts” on top of such ledgers is expected to disrupt everything from transportation and banking industries to government. But others have found ways to use it for love.

Read more here.

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