 Hi, I'm Dazza Greenwood of the MIT Media Lab and this is a quick how-to video for teams that are participating in the open media music hackathon distributed event series and This tool is by open law spoke of consensus and Michael Chan Legal engineer from that team has kindly joined us to walk us through Their their open source tool set and give you a sense of how it works and how you can use it and where you can get more Information so thanks very much for taking some time to walk us through that Michael and take it away Hi hi Daz thank you Here open law we can put all the agreements that you need on to the Ethereum blockchain. So just as a quick example What I'm running through here is I've uploaded a Essentially uploaded this file to IPFS this the shiba here and It's as a non fungible token and what you can do I've already gone ahead and month gone through and listed these for sale, but So basically what happens here as you can see You can see that a oh Here and You can see that we've listed. There's just a quick interface to do this And we've listed gone ahead and listed There's 215 Sub license well these actually subtokens are actually licenses for sale and we cost a hundred way and This is the address My metamask address and what you would do is for example, you would come over here and you would purchase this license fill in my name and email Token ID, which is actually the license license ID. I asked for term licensing over subtoken, but And we'll just say I'm gonna purchase 10 of those and we'll use my We'll put the sellers at the ethereum address. We'll put a buyer We'll add a buyer to this would you go done and the nice thing about open law is that is the markup is really great and then we go ahead and we sign and So now we can purchase and what it should do is Send it to rink B Here we go send it to rink B network. I'm gonna choose the sign of open law today and you can sign through a metamask account too and Here we go, and it'll send these parameters to Send these parameters to the the depth that I had built earlier As you can see Let's see here The signature is waiting on rink B here and so we should wait for that and then the open law Contract should clear in just a moment Let's see here still pending Okay while we go while I wait for that we'll go down here and You will put my buyer address in here The license ID that I wanted Let's just see if that's clear right yet Let's see if that's gone through Looks like it has so We should be all clear to go ahead Short happened there. That's recorded. That's recorded. Sorry here Sorry technical difficulty here. Let's see That was for sale. I Got that right. Okay. That's correct Maybe oh, you know what I did what did I do out here? Sorry does it here didn't mean it don't mean to keep you holding not at all. Um, so this is um, I Say a good example of innovation in action look literally that yeah quite a new tool and and the Scope of what open law is trying to do as a consensus spoke is definitely ambitious and so That this is working um, I think this is and hopefully things that want to hack along with you with this tool can um You know, maybe even make some enhancements and make some pull requests That'll you know help them raise everybody's boat. Yeah, I'm sorry. The problem is more with my probably my application than my but It's working earlier, so I just I'm not sure what happened here. I'll give it. I'll give it one more shot and then I don't want to keep you Waiting but then I can also have a I Also have a video of this recorded earlier, but All right last shot, I don't want to keep you waiting too long, but Well, let's give it a try. Yeah, well the open law portion portion is working Let's see here. Okay see But essentially what you can do None of my calls are none of my calls are working. Well, thank you what you can do is That's I'm gonna have I'll call it right. I'll probably call it right here. I can send you um Maybe an updated version of this a little bit later today a few but okay, so um, and if you Kind of click that little green Square on the left of the hangout we can get oh there we go back to your very good So what so if people wanted to you know Give this tool a try themselves and configure it around a use case for this hackathon series Where could they find the code it looked like it was in get hub somewhere But you'd maybe talk people through where they would get the tools and and where they could find a little documentation Oh, okay. Sure. Let me sign you up for it would be do me just show or tell I can show you Yeah, I Think the best way to do it might be to Yeah, I'll go back to screen share here great. Yeah, sorry, I'll walk you through this. Thanks All right, so here we are we got if you go to openlaw.io here Hey the best way to do would probably be just to click sign up and I would say we cannot you could just signed up and you get started right away the best thing about it is Actually that they have sort of a pre-populated number of agreements and You can just go I Know one question that we'll probably be getting is how do I find the? You know the the license template. Oh, okay. All right, so you go to all template you can just go here and Go get a copyright license or license agreement And let's see here. Oh, here we go. There we go and you can just see it's rendered here You can just you can cut and paste any license agreement and it's really easy to go Up to my screen share here. Yep Yeah, I forgot and then if you want to go ahead and just edit the source you can You can go in here and you can and you can edit the document right here We have an extensive markup language and The docs for that are going to be And if you go to learn Right, so you if you want to learn where's open-eye low and then it'll you can go from there to the Oh, maybe the docs and I would say go to the here This is probably the best way to edit your Smart contracts up here or your your legal agreements is just to get familiar with the with the markup language And for smart contracts particular I would say the sticking point here is this to You have to Contracts there you go. You have you're gonna have to cut and paste your ABI in From You'll see something like this Under interface right here. Mm-hmm This is sort of the key to making the contracts work is you have the contract address that you want to interact with and then instead of Setting a bi I'll say interface and then you just cut your cut and paste your ABI From your smart contract in there and it'll make a call And that'll make a call to your smart contract Which is what it is doing here, but So which is what it did on mine, but for some reason I'm not rendering in my my own application there But setting that aside That's that's probably what you want to pay attention to great. So docs.openlaw.io forward slash markup-language and Looks like you've got some good documentation on the you know the room here. We have it right here on the left Menu bar variables the format You know the various winners and configuration. So yes, it's too easy it of course, you know, one of your claims to fame is that you You know with Aaron and the rest of the team and you with your legal backgrounds have really focused on making the legal contract front and center and integrated hand-in-glove with the Computable terms of the smart contract operating on the in this case the Ethereum blockchain, right? Yes, and oh, I would say also for the most part you could we are working on other Test nets, but you can also you but I would stick to the rink B test net for now and but we have all sorts of license agreements in here and So you can do it and yeah, and they're you know non-disclosure agreement and essentially My what oh what side the final point is that the is that The what happens is when you sign the contract it actually you'll receive an email confirmation as well And so and this is nice. You can actually you'll get a You'll get you can download the PDF of the agreement. So you'll have the PDF and you'll have the smart contract Sorry here So what you'll get What you'll get here. Oh, here we go. Yeah, so you'll get this And you'll get and you'll get an email you can see you can you can confirm the transaction on rink B I'll send you there But you can view the agreement anyways And it has it looks like it has the address so you could find it with an explorer Yeah, not operating right this second. Yeah, I think all my internet is going bad here, but You can actually what you can do Yeah, sorry Yeah, that's if you get this page something went wrong So we are having a little bit of Okay, well Let's see we get yeah. All right Okay, let's see. Oh, let me see if I can get you back to the oh Um So when you anyways, so we have to you send that first contract You'll have the the agreement here and you'll see and as you can see the printed out version is right here Um, and then the other thing to look at I would say is the So you can go to contract management And you can see all the contracts you were working on Okay, well Sorry, this is my local instance here, but You can see all the contracts you're working on and the And you should be able and then you can be able to go download them as pdfs or word doc or word docs or Maybe text files as well Dynamite. Yes. So Well, good stuff. Um, and um, I know a lot of you are here in new york city where I am today and um Just want to make sure that you're aware that right around the corner from consensus at the bushwick um generator um We'll be hosting the new york city node of this distributed legal hackathon this saturday october 20th And um for those of you that um are watching this or involved or interested in open law I want to try this tool if you're around mit We're having a big event on sunday october 28th There's big events happening in brazil and tansas city We did, um, san francisco last week as far as san francisco blockchain week and you can see all of the other venues at legal hackathon.org And you know encourage everybody to sign up and give give open law a try You know, it's got so much promise and uh, and it hits, you know So many of the points that you know, many of us yearn for um who are seeking to integrate business law and technology Um, and uh, it looks like it's you know, very much worth Hacking along with the open law team and um, seeing if we can apply it to some legal use cases in the music and media Uh context, so I just want to thank you michael for um hacking along with us and for giving us a demo and telling Everybody, you know where they can learn more and um, and uh, and try to use your tools It's much much appreciated. Thank you, daza