ENFORCEABILITY OF “SMART” LEGAL CONTRACTS • “Smart” legal contracts are not the first contracts to rely on data and promises memorialized in an electronic format • In the early 1960’s Ed Guilbert develops an electronic message format for sending information about cargo between Du Pont and Chemical Leahman Tank Lines. • 1965, the Holland- America steamship line begins sending trans-Atlantic shipping manifests using telex messages and converting the messages into tape that could be loaded into their computers • Today, over one hundred thousand companies in the United States use an EDI solution to communicate with their business partners. UNRESTRICTED 143
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