Proponents of digital innovations such as blockchain, the Internet of Things (IoT) and smart devices have hailed the introduction of such technology as the Fourth Industrial Revolution. When used together, they may create self-executing “smart contracts” for a variety of transactions. Smart contracts do not need to rely on IoT devices, but when they do, these devices are critical to the system, most importantly because they collect and transfer the transaction-related data that triggers the execution of the contracts. But how is that data verified, and what happens if the IoT devices are wrong?
Henry M. Grabbe
Henry Grabbe assists clients with litigation and dispute resolution. He has prepared research and due diligence memoranda for commercial litigation, class action, white collar and product liability, as well as for corporate securities. He has contributed to litigation strategy and drafted pre-trial motions.
View the full bio for Henry M. Grabbe at the Faegre Drinker website.