The Verge has been skeptical about the public understanding of blockchain, and this article is no exception.

On March 22nd, Tennessee governor Bill Haslam signed into law Senate Bill 1662, to “recognize the legal authority of blockchain technology and smart contracts in conducting electronic transactions.” Tara Aaron, who with others through the Nashville Technology Council was involved in helping to amend the legislation prior to its final passage, spoke with Adrian Jefferies at The Verge for her latest article on the various efforts by states to legislatively address the use of blockchain and cryptocurrencies. Tara admits in the article that this legislation, which states that cryptographic signatures are valid and that contracts that are executed through so-called “smart contracts” are enforceable in Tennessee, is “not earth-shattering,” but she stated that the collaborative process that involved legal, legislative, and technical minds who drafted the final amendments to the bill was a process that she was pleased to be a part of. Whether this legislation has any great effect on the growth of blockchain in Tennessee remains to be seen, however.

 

Tara Aaron

Tara helps clients across multiple industries and countries with licenses and disputes involving trademarks, copyrights, domain names, software, trade secrets, and privacy compliance. She earned her Certified Information Privacy Professional (CIPP) in U.S. Privacy Law in 2018 and in European Data Protection Law in 2019. Her clients include many technology start-ups, software developers, and website designers as well as long-standing institutional clients who come to her for representation in copyright, trademark, licensing and privacy. She also assists with the purchase and sale of intellectual property assets. She has on multiple occasions successfully obtained hijacked domain names for the rightful owners, and regularly negotiates service and technology agreements with the largest telecommunications and software providers in the country.