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Fastcase Honors Amy Wan as “Fastcase 50” Honoree

Fastcase Honors Amy Wan as “Fastcase 50” Honoree

The Award Honors 50 Innovators, Visionaries, and Leaders in Law

Legal publisher Fastcase today announced Sagewise CEO Amy Wan as a “Fastcase 50” honoree. Selected from online nominations, the award recognizes the year’s smartest, most courageous innovators, techies, visionaries, and leaders in the law. Many of the 2018 honorees are pioneers in the areas of access to justice, artificial intelligence, and visualization tools for legal data.

View the 2018 winners at www.fastcase.com/fastcase50/2018

Since the inaugural awards in 2011, the Fastcase 50 has illuminated entrepreneurs and visionaries who are catapulting law and legal technology into a new era. The Fastcase 50 class of 2018 represents a diverse group of lawyers, legal technologists, policymakers, law librarians, bar association executives, and innovators from all walks of life.

“The Fastcase 50 Award season is exciting for us each year, as we get to honor a collection of smart, driven innovators with a passion to improve our profession,” said Fastcase CEO Ed Walters. “It’s fun for our team each year to draw inspiration from our heroes, many of whom are doing terrific, unsung work at the frontiers of law.”

Some Additional Details About Hedera Hashgraph

We’ve received a great deal of feedback since we announced that Sagewise would work with Hedera Hashgraph. In response, we want to go into a little more detail here about the specifics of the collaboration and what it does and does not mean for Sagewise’s own roadmap. First of all, we want to reiterate how excited we are to be working with the Hedera Hashgraph team. They’re building an exciting platform and we look forward to being part of their exciting growth in the future.

We also want to address some questions and concerns that have been raised by the community. Most importantly, we want to emphasize that working with Hedera Hashgraph does not mean we are leaving Ethereum. We recognize both the technological advantages and the broad reach of the Ethereum blockchain – it’s one of the reasons we decided to build our platform on it in the first place. On the contrary, Hedera Hashgraph, for a number of reasons that we will outline, is completely compatible with our work on Ethereum. At the same time, it offers additional benefits that we believe will materially advance our efforts to build the industry’s leading smart contract dispute resolution system.

The first benefit, as already touched on, is compatibility. The Sagewise platform can easily be ported to Hedera Hashgraph because it will support Solidity smart contracts with no changes required. This compatibility makes working with Hedera Hashgraph a true win-win, since we are able to leverage the specific benefits it offers without needing to sacrifice the obvious advantages and scale of Ethereum. Our developers are able to use the same Solidity code they use to build on that blockchain to build functionality utilizing Hashgraph. In short, we get the best of both worlds.

Hedera Hashgraph also offers tangible benefits to Sagewise that we expect will make a real difference in the quality, speed, and affordability of our service. Importantly, it promises to be faster and cheaper than Ethereum. This is something we cannot ignore at this stage of our growth; at current gas prices, we would not be able to scale as quickly or as comprehensively as we want by building on Ethereum alone. And the Hedera Hashgraph APIs will have unique, innovative features that present significant benefits to Sagewise. Among these is a best-of-its kind file system with cutting-edge features like provable deletion. We intend to use this to augment Sagewise’s system on Hedera Hashgraph’s stack.

The final thing to remember is that Sagewise has always had a goal of being platform-agnostic. Since we’re a middleware layer providing infrastructure for smart contract suppliers, we need to make sure we’re wherever our customers are. Using Hedera Hashgraph moves us toward that goal. It has emerged as a major player with enterprises, which is where we see much of our growth in the future. Hedera Hashgraph’s compatibility with Ethereum, its suite of exciting, cutting edge features, and its presence among our potential partners make the platform a clear win. We’re excited to build together.

EOS Shows Transparency is Essential in Resolving Smart Contract Disputes

Much has been made online over EOS’s handling of its first arbitration case earlier this week. For those who don’t know, a group of the chain’s block producers made a decision to freeze specific accounts in response to an apparent theft. An arbiter has ruled to freeze the tokens for now and return them from the alleged thieves to their original holders. It appears, from the evidence, that the block producers judged the situation correctly as an attempted theft and that justice was served.

However, despite the seemingly happy resolution of this specific incident, the way it was handled raises important and troubling questions for EOS and the broader blockchain community, as many observers have noted in the days since the event. Crucially, the decision was made by an anonymous group of network insiders with no input from the broader community or recourse to challenge the decision. This inequitable decision-making power – you might call it centralization – seems to go against the egalitarian ethos of the blockchain community as well as EOS’s own Constitution.

This is not to imply that EOS is wholly in the wrong. As blockchain entrepreneurs ourselves, we are intimately familiar with the unexpected twists and turns inherent in building a technology platform. We are inclined to agree with those who say EOS’s action was an understandable, one-off fix to a fast-moving situation in which the correct action was clear. It was a fudge, but an understandable one, and certainly preferable to the alternative in that instant. Nevertheless, it underscores how much work there is left to do if we are to build an industry with strong, transparent, reliable safeguards for smart contracts.

There are some concrete solutions to which we as a community can make a commitment in order to build the strongest possible blockchain future. In the case of smart contracts and arbitration, businesses should adopt a few fundamental best practices.

First, we must remember that a strong blockchain platform provides the tools for people to make good decisions. Decentralization does not mean insulation; it just means that participants have control over their assets and information and with whom they decide to share them. Mechanisms for dispute resolution must be robust, but transparent. The reason so many commenters are upset with EOS is the opacity with which it and its block producers acted. All participants must understand and be able to trust the parameters of any transaction they enter into. This transparency must extend to the arbiters, and the community should be able to remove them if they are judged to be corrupt. Transparency, an understanding of best practices, and a strong, equitable system for resolving disputes will be increasingly important as the space matures.

EOS has certainly achieved a great deal already, and we celebrate the progress they have made in moving the technology forward. But that should not distract us, as this recent incident makes clear, from doggedly continuing to establish the tools and safeguards the blockchain space will need if it is to be successful. Transparency and reliability in smart contract dispute resolution are a great place to start.

Meet The Team: Senior Engineer Grant Powell

Today we introduce Sagewise’s Senior Engineer, Grant Powell. Grant brings with him years of experience in the digital world and is well-poised to contribute towards our vision of developing a safety-net for smart contracts.

Grant, proficient in a multitude of programming languages, is an expert in the development of innovative technologies and digital products. Over the last fifteen years, Grant has produced hundreds of websites and applications. Most notably, Grant developed the first-ever live streaming platform for YouTube and the first application to integrate with Spotify’s Web API, used to match people based on their taste in music.

As we continue to grow, Grant will prove instrumental in executing Sagewise’s long-term vision and pushing forward our immediate goals. Grant is fascinated by blockchain and smart contract technologies. He is passionate about guiding these technologies toward becoming real-world solutions with valuable user experiences. Grant believes there is no limit to the market size or scalability of what Sagewise is developing as he is certain that “every single business will need to leverage these technologies in the future”. Drawing on his ample experience in both development and leadership, Grant will lead technical product development helping to build-out the SDK and real-world marketplace solutions for blockchain and smart contracts.

Innovative, creative, and business-savvy, Grant also brings to Sagewise his experience and success as a leader. As founder and operator of the digital agency Pomegranate, Grant has partnered with some of the world’s most notable brands including Google, Spotify, Porsche, Dow Jones & Company, among many others. Revealing his entrepreneurial spirit, Grant co-founded ServiceFirst Solutions, a payment technology company where he was the Chief Technology Officer. Grant also founded the very first peer-to-peer secure lending platform, YouPawn, where he was also Chief Executive Officer. Both of these endeavors have provided Grant with insight valuable to the crypto space. Creating applications that move millions of dollars on a monthly basis, Grant developed an intimate understanding of the intricacy of the code on which these transactions operate. Grant also understands the need for dispute resolution systems and believes that Sagewise will ensure accountability in smart contracts, an imperative as the crypto industry matures.

We are thrilled to welcome Grant to Sagewise as we build for the future.

For more information visit sagewise.io and engage via our Telegram.

Sagewise To Build Its Smart Contract Resolution Ecosystem on Hedera Hashgraph Platform

LOS ANGELES – June 6, 2018 – Providing peace of mind to all parties to a smart contract, technology company Sagewise will utilize the Hedera Hashgraph platform to build its ecosystem on top of. A blazing fast blockchain-alternative, Hedera Hashgraph will serve as the basis of Sagewise’s testnet, as the company realizes its mission to deliver transactional confidence and create a new legal paradigm.

Co-founded by Amy Wan Esq., an award-winning leader in legal tech, and Dan Rice, a veteran software engineering luminary and blockchain expert, Sagewise offers a proprietary SDK to mitigate variables such as the quality of smart contract coding and evolving situations. Sagewise does this by building in a layer of smart contract monitoring, notification, freezing, and dispute resolution to ensure that execution of a smart contract reflects the user’s intent. The hashgraph algorithm — a consensus mechanism based on a virtual voting algorithm combined with the gossip protocol — will help Sagewise achieve its goal by providing a framework for quick, fair, efficient and secure consensus.

“We believe justice should be decentralized, so our objective is to provide smart contract users a toolkit to settle errors and disputes, lest they end up with unintended outcomes. Smart contract losses exceeded half a billion U.S. dollars in value in 2017, so we feel it is integral to address the void in the industry,” said Amy Wan, Co-founder and CEO of Sagewise. “In order to reach our objectives, we knew scaling was of utmost importance, which is why we decided to work with Hedera Hashgraph. Its technology does not have the technical limitations of the existing blockchain, and provides distributed consensus.”

“From supply chain to financial services, smart contracts can be used in almost every industry; however, despite widespread adoption, the possibility for dispute is ever-present,” said Jordan Fried, Global Vice President of Business Development for Hedera Hashgraph. “Sagewise’s mission to help smart contract users quickly resolve disputes and reach consensus is greatly needed in the market, and we are pleased the team is choosing to build on top of hashgraph.”

For more information, please visit www.sagewise.io or view the Hedera whitepaper.

About Sagewise

Founded in 2017, Sagewise is a technology company focused on the efficient resolution of disputes involving smart contracts. Sagewise has developed a product comprising a smart contract safety net for blockchain users. The company’s proprietary SDK, released in April 2018, provides the tools and infrastructure needed for the effective handling of disputes at any stage in the development and execution of smart contracts, freezing contracts in place while they are being resolved. Sagewise’s mission is to provide peace of mind to all parties to a smart contract, ensuring that the outcome of a blockchain endeavor is consistent with the parties’ true intent.

To learn more about Sagewise, please visit sagewise.io or follow the company on Facebook, LinkedIn, and Twitter.

Meet the team: VP of Special Projects Dat Nguyen

Today we highlight Sagewise’s VP of Special Projects, Dat Nguyen. A former patent litigator, Dat’s strong technical and legal experience allows him to bridge the divide between technology and law. Having spent his career at the intersection of technology and law, Dat brings a unique set of skills to deliver Sagewise’s vision of building a platform that provides a safety net for smart contracts, governance, and transactional confidence into the blockchain.

Prior to joining Sagewise, Dat was a business consultant advising and investing in startups from a wide range of industries including hospitality, healthcare, e-commerce, retail and video gaming. Dat also counseled clients in resolving their disputes efficiently outside of courts through mediation and arbitration.

Dat started his career as a commercial and patent litigator at Orrick, Herrington & Sutcliffe, LLP and then at Milbank, Tweed, Hadley & McCloy LLP. Dat has represented numerous Fortune 100 companies in resolving their commercial — and specifically patent — disputes. In addition, he counseled numerous clients regarding patent strategy and licensing. He has experience in a wide range of technologies including: cellular, semiconductors, memory, audio and video standards, video gaming, virtual reality, graphics processing, blockchain, and data encryption.

Along with Amy and Dan, Dat is also an active member in the Southern California blockchain and legal community. He has spoken on a wide variety of topics including: blockchain basics; the limitation of smart contracts and online smart contract dispute resolution; governance, data management, and decentralization; cryptocurrency; and IP considerations in the blockchain.

From his extensive litigation experience, Dat understands firsthand the inefficiencies and expense related with litigation. He is hopeful that blockchain technology can bring numerous benefits to the business world in minimizing and making disputes more efficient. However, before such benefits can be realized, there is a lot that still needs to be done on the blockchain. Dat brings his real-world experience of contract disputes and dispute resolution to the team and works closely with both founders Amy and Dan in developing each component of the Sagewise ecosystem.

Meet the Team: Co-Founder and CTO Dan Rice

Today this blog will highlight the background and current role of Dan Rice, Sagewise’s Co-Founder and Chief Technology Officer. Dan brings a strong background in technology to the company and, working with our CEO Amy, is well-positioned to deliver Sagewise’s vision of a fully built-out platform for a smart contract safety net. His successful background and deep knowledge of and involvement in the blockchain and fintech spaces position him as one of the leading experts and a first-rate choice to lead our technical development.

Dan began his career in kernel software development. In the kernel, a single bug will crash the entire computer. This environment was great training for working with public blockchains that are generally written in the same programming language as kernel systems, and blockchain bugs similarly have catastrophic impact — the potential loss of all funds.

Since 2014, Dan has been focused on blockchain and fintech. During this time, he has acted as CTO and consulting CTO for a number of projects, including Totum Risk and Velox. He authored the vzero framework solving cryptocurrency volatility issues, which you can find here. In 2016, Dan participated in the YNext Incubator as CTO for Totum Risk. He also founded the Bitcoin Developers Los Angeles Meetup as well as the Orange County CTO Forum, where he is also the chief organizer. Dan has built more than 20 software products over the course of his career, and the apps he has worked on as an entrepreneur and/or developer have been downloaded over 5 million times globally.

Along with Amy, Dan is often invited to speak at blockchain- and fintech-focused events around California and the nation. He has spoken on topics including blockchain basics; limitation of smart contracts and online smart contract dispute resolution; governance, data management, AML/KYC, and decentralization; client risk management and analysis software for financial advisors; software development in iOS, OSX and Windows; cryptocurrency usability and mass-adoption barriers; and ways to moderate volatility in cryptocurrencies.

Dan is a hands-on CTO, taking an active role in the development of each component of the Sagewise ecosystem. He was instrumental in the recent launch of our SDK, which marks the first time a working solution for smart contract dispute resolution has been released. As we continue to grow and execute on our longer-term vision, Dan will play a key role in overseeing all of our development efforts as well as contributing to the overall roadmap. He will help to build out a best-in-class team of developers to support and implement our objectives, providing leadership and oversight for our growing office. We are very glad to have Dan on board in this key role as we move forward.

Meet the Sagewise Team: Founder Amy Wan

Amidst the many product announcements, user stories and other important milestones we will be posting here over the coming months, we want to make sure we take time to introduce the team behind Sagewise. Ultimately, the success of a project comes down to the skill and dedication of the people behind it, and Sagewise has one of the strongest teams in the blockchain space, along with particular expertise in the legal sphere. In this post, we highlight the Founder of Sagewise, Amy Wan.

Amy founded Sagewise in 2018 after realizing the potential chaos that could arise from smart contract disputes. Her interest in smart contracts stems from her legal background and her experience in the crypto space; the intersection of these two passions formed the foundation of the Sagewise concept. As an attorney, Amy has served as a Partner at a boutique securities law firm and General Counsel of a fintech company. She has also authored numerous publications, including the Bloomberg Law guide to ICOs and chapters of the LexisNexis’ Private Equity Guide. Amy was named one of the “Top 10 Women to Watch” by the ABA Journal in 2014, one of 18 millennials changing legaltech by Law.com in 2018, and recognized as a top woman in legaltech by the ABA Legal Technology Resource Center in 2018. She also co-founded Legal Hackers LA, a recurring meetup for practitioners, students, educators and entrepreneurs to explore new ideas related to legal practice and entrepreneurship.

In 2015, Los Angeles Business Journal named Amy a Finalist for Corporate Counsel of the Year. She is also a Senior Contributor to Crowdfund Insider. Prior to her legal career, she served as a Presidential Management Fellow specializing in international trade and regulatory affairs at the U.S. Department of Commerce, U.S. Department of State, and U.S. Department of Transportation. A thought leader in the space, Amy frequently speaks at conferences and events, events including SXSW, PLI, ACMA, and blockchain conferences. Topics she has discussed have included SEC regulation of ICOs and the security/utility token question; crypto self-governance; optimal structuring of token economics; flaws in current models of smart contracts; and the regulatory environment for post-ICO businesses. She received an LL.M. from the London School of Economics and her JD from the University of Southern California.

Amy is passionate about crypto and believes she can leverage her unique background to bring positive change and real solutions to the space. Blockchain remains a brand new technology, and as it grows over the coming years, smart contracts infrastructure will assume and exponentially more important role in everyday business transactions. Making sure those contracts do the jobs they are supposed to, that they fulfill their promise of making markets smoother and safer, is the mission of Sagewise and its founder.

Sagewise at Cyrpto Invest Summit

Dat Nguyen, VP of special projects, and amazing Amy Wan impersonator, speaking about IP considerations for blockchain startups (article mistakes Dat Nguyen as Amy Wan):

“And according to Wan, you should act fast when filing a patent. IP owners have one year to file a patent after disclosing a new product or technology, and Wan said white papers — a popular form of preliminary documentation in the blockchain industry — most definitely count as an IP disclosure.”

For full coverage, please visit:

Crypto Lawyers Explain How to Keep Your ICO Legal at Crypto Invest

Sagewise on Forbes: Warren Buffett Is Wrong About Bitcoin

Sagewise CTO Dan Rice provides thought leadership on Bitcoin’s future in Forbes:

“We disagree with Warren Buffet that Bitcoin is a zero-sum game,” says Rice. “While it’s true that Bitcoin acts differently from more traditional investments, this is not a negative in our view. Too often traditional investors forget Bitcoin is actually a technology infrastructure.”

For full article please visit:

https://www.forbes.com/sites/panosmourdoukoutas/2018/05/07/warren-buffett-is-wrong-about-bitcoin/#40d93e90379c