citi logo
My Account
Video06 Feb 2023

How Smart Contracts Can Transform Finance: Interview with Aaron Powers, CEO & Co-founder, Hunit

Aaron Powers, CEO/Co-founder of Hunit, a law tech company, joined us to discuss smart legal contracts (SLCs) and how can they play a part in a more digital future of finance.

SLCs and smart contracts are not one and the same. SLCs are legally binding. Some or all of the contractual obligations are defined in and / or performed by code. The technology they deploy is use-case agnostic and can be deployed in financial services and beyond. In financial services for example,  tokenized money enables programmability and atomic settlements but SLCs enhance those features by eliminating manual processes, reducing errors and enabling faster business operations. Aaron highlights that the UK regulatory and judiciary authorities are leading the way internationally in assessing if existing law can accommodate SLCs.

Subscribe

Sign up to receive our newsletter providing a roundup of recent content and updates on new reports.

Sign up to receive the latest news from Citi.

Select Preferences