Tuesday, February 20, 2018

California to legalize bots

The existing law "specifies that a record or signature may not be denied legal effect or enforceability solely because it is in electronic form and that a contract may not be denied legal effect or enforceability solely because an electronic record was used in its formation." In essence, a signature on a blockchain would be legally enforceable should the bill advance through California's legislature and be signed by Governor Jerry Brown.Likewise, the measure states that "a signature that is secured through blockchain technology is an electronic signature" and also updates the term "contract" to account for smart contracts, or self-executing pieces of code that trigger when certain conditions (like a reaching a particular block number on a blockchain) are met.The bill also addresses data storage on the blockchain. It proposes that individuals who choose to use a blockchain to secure personal information in the course of carrying out interstate or foreign commerce should retain the rights of ownership to their information.
Meaning that Intel  will support bearer cash and bot power of attorney.  Someone is reading my blog. Spectre is having wide, positive  effect across the industry.

The idea of real time individual, enforceable, volunteer contracts tickles the progressive especially with welfare and green spending. And the 'Nudge' theory is driving kanosian support. I read the tea leaves.

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