05/01/2023

NON-FINANCIAL APPLICATIONS OF THE BLOCKCHAIN

Dan RubinsCEO & Co-FounderLegal RoBot

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05/01/2023 Ƀ

05/01/2023 Ƀ

BLOCKCHAINS ARE COOL, BUT…Roots in bitcoin create myopia & cripple ecosystem

Not just for drug dealers & FinTech startups Regulatory environment not actually that bad (KYC, AML)

Its different – presents new technical challenges

Advantages of decentralization pose new problems, too

Legal RoBot

05/01/2023 Ƀ

WHAT IS SO SPECIAL?Open – resistant to censorship, social, and political forces. Very few barriers to entry, except technical understanding.

Permanent – decentralized & immutable transaction record

Secure – given current computational power

Autonomous(-ish) – once constructed, can run well without human mediation. Physical, network constraints still apply.Legal RoBot

05/01/2023 Ƀ

ON-DEMAND + HR = GIGSTER

Legal RoBot

05/01/2023 Ƀ

P2P + $ = LENDING CLUB

Legal RoBot

05/01/2023 Ƀ

LAW + AI = LEGAL ROBOT

Shameless Plug

Legal RoBot

05/01/2023

ɃSECURITY + OPENNESS

Identification

Voting

Legal RoBot

05/01/2023

ɃPERMANENCE +

OPENNESSNotarization

Rights claims & ownership (IP)

Legal RoBot

05/01/2023

ɃAUTONOMY +

OPENNESSDecentralized Autonomous

Org.

Smart Contracts

Legal RoBot

05/01/2023

ɃPERMANENCE +

SECURITYTrack & trace

Records storage

Legal RoBot

05/01/2023

ɃAUTONOMY +

SECURITYTransparent supply chain

Smart devices / IoT

Legal RoBot

05/01/2023 Ƀ

“Notarization will change the world” - No one, ever

05/01/2023 Ƀ

IN OTHER WORDS:1) DON’T BELIEVE THE

HYPE2) BUILD SOMETHING

THAT MATTERSLegal RoBot

05/01/2023

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WHAT WE’RE BUILDING ATLegal RoBot

05/01/2023

ɃLAST WILL & TESTAMENT

Problem:55% of Americans don’t have a will, problem is worse among minoritiesProbate takes a long time: 1-2 years (read: $$$$)Reinforces economic disparity by complicating generational wealth transfer

Apparent Cause: Hard enough to create a will in the first place, harder still to remember to update

Solution: Use Legal Robot to craft and witness a will on the blockchain, with automatic release upon death (Smart Contract)

Legal RoBot

05/01/2023

ɃLAST WILL & TESTAMENT

Critical elements: Positive identification & capacity Revocation of prior wills Witnessed by 2 individuals (in some

jurisdictions) Clearly identified beneficiariesLegal RoBot This is not legal advice, get a lawyer!

05/01/2023

ɃCREATING A SMART WILL

1. Guided Interview2. Proof of Identity

3. Creation of Smart Will™

4. Review5. Signature6. Recording

7. Human Witnesses

Widely WitnessedTransactions

Optional

Legal RoBot

Executor

™

05/01/2023

ɃUPDATING A SMART WILL

1. Guided Interview

2. Updated Smart Will™

3. Review4. Signature5. Recording

6. Human Witnesses

Widely WitnessedTransactions

Optional

Legal RoBot

Automatic Revocation of Prior Will

™

05/01/2023

ɃEXECUTING A SMART

WILLMorgue SSA

Legal RoBot

Executor

Probate Court

™

Witnesses

Beneficiary

Oracle

SSA Death API

Custom Actions via Smart Contracts(optional multi-sig for executor)• Instant transfer of digital assets• Notifications & messaging• Write your own