With asset managers and exchanges already worrying about their jobs, divorce lawyers could be next in line.
As if any further was required that blockchain technology is permeating our day-to-day lives (with DAO making a splash as an Ethereum-based corporation), prenups can now be entered into via the PrenupWithLove open source smart contract.
To establish the arrangement, the couple uploaded a prenuptial template with the couple’s “covenants” onto the InterPlanetary File System (IPFS). The contents of that document were then encoded into a smart contract on the Ethereum blockchain. Before the contract is initiated, both parties must accept the terms and conditions by calling the method "accept" from their own personal IP addresses. Their acceptance is also stored within the contract. The template agreement encoded in the contract lists a number of requirements to which the two must adhere.