Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Law scholar urges New Hampshire to recognize blockchain‑based asset‑protection trusts
Summary
Ian Hewitt told the commission that blockchain protocols and smart contracts can make asset‑protection trusts provably immutable, reduce litigation costs, and that New Hampshire could adopt statutory language recognizing blockchain‑based trusts to attract administration and dispute work.
Ian Hewitt, a legal scholar and volunteer board member of the New Hampshire Blockchain Council, presented a law‑review overview arguing that blockchain protocols can provide provable immutability for self‑settled asset‑protection trusts (APTs) and reduce the evidentiary burdens that typically drive litigation costs.
Hewitt cited a federal case example involving an APT and roughly $1.7 million transferred to a trust, and explained how courts wrestle with the concept of "impossibility" — whether a judgment debtor can actually comply with an order to disgorge funds held in…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
