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*'''Direction''': Start with what we have: traditional text-based contracts — how folks do things ''now'', for better or worse — expect it to a fully digital, networked, authenticated smart contracts world ''if'' that is the best fit. | *'''Direction''': Start with what we have: traditional text-based contracts — how folks do things ''now'', for better or worse — expect it to a fully digital, networked, authenticated smart contracts world ''if'' that is the best fit. | ||
*'''A phased approach''': Recognise that development will be slow. Start with what we have: traditional text-based contracts — how folks do things ''now'', for better or worse — expect it to a fully digital, networked, authenticated smart contracts world if that is the best fit. | *'''A phased approach''': Recognise that development will be slow. Start with what we have: traditional text-based contracts — how folks do things ''now'', for better or worse — expect it to a fully digital, networked, authenticated smart contracts world if that is the best fit. | ||
==But how do I make money== | ===But how do I make money=== | ||
*Content providers (reg tech firms, lawfirms) become developers building specific code for the system which they can be paid by partners on a project by project basis. No [[rent seeking]]. | *'''Content providers''' (reg tech firms, lawfirms) become developers building specific code for the system which they can be paid by partners on a project by project basis. No [[rent seeking]]. | ||
*Industry associations should donate their IP because it is in the interest of their members | *'''Industry associations''' should donate their IP because — well, hang it, it ''isn’t'' their IP, it is a market utility, that should be in the commons anyway, and sharing it widely is in the interest of their members and the market more generally. | ||
==Implementation== | ==Implementation== | ||