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Author Topic: [2016-07-13] Blockchain Coders Win Grant to Fix Smart Contracts With 'Legalese'  (Read 136 times)
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July 13, 2016, 07:46:41 AM

Blockchain Coders Win Grant to Fix Smart Contracts With 'Legalese'

The mantra 'move fast and break things' may work well in traditional software, but as the demise of The DAO illustrated, the approach might not be right for experimental financial technologies.

But in the wake of The DAO's demise, new efforts are beginning to emerge that seek to address the challenges developers have so far faced working with smart contracts, the key building blocks that underlined the project and whose exploitation led to its failure.

One such startup is Legalese, a project that grew out of internal efforts at seed accelerator JFDI Asia, and boasts a notable co-founder of that operation among its ranks.

Co-founded by Virgil Griffith and Wong Meng Weng, Legalese is an open-source project writing a new programming language specifically for smart contracts. Called L4, the language is designed to help coders properly vet contracts before they go live.

After winning $8,888 from a grants program offered by autonomous financial project String Labs, Griffith said he’s ready to continue his work with a team of established leaders in the industry.

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