Using Distributed Ledgers in Smart Legal Contracts

Aaron Powers, CEO and co-founder of Hunit, talks SLCs or, Smart Legal Contracts, that are natural language contracts but utilize blockchain technology to record certain aspects of contractual relationships.

Hunit enables users to create text based contracts in Microsoft Word, but tie the document to a blockchain creating an immutable record of certain contract components, like successful performance and the fact that a contract even exists between two parties.

Aaron is an entrepreneur first and foremost and started his career in wireless communication technology in the early 2000s, but ultimately joined the founding team of a biostimulant company.

After almost a decade in the biostimulant industry, in 2018, Aaron jumped over to legal tech and founded Hunit.