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  • Also, it’s important to consider that there are different types of coding in blockchain. Alber divided them into two categories: ‘wet code’ and ‘dry code’. Dry code, he said, comprises transferring a piece of intellectual property, like a novel, through the blockchain, and hashing it so only those with the appropriate decryption key could access it. All conditions regarding transfer can be expressed inside the blockchain, and ownership can be transferred without human involvement. On the other hand, wet code can be used for something like a lease hold, where someone might have to go in and apply, say, building conditions.
    Ian Lopez, Where Blockchain Finds a Home in Law, Legaltech News, Aug. 18, 2017

    August 23, 2017