The law.MIT.edu research team provided an update to MIT Human Dynamics Lab today, spotlighting current work on prototyping a blockchain enabled Automated Loan Fund providing valid identity, enforceable contracts and legal notices. Many thanks to collaborators Dan Buchner of Microsoft and Mark Oblad of Valcu for their creative open source contributions!
For more information about the MIT/IAP Blockchain Legal Intensive, see: http://law.mit.edu/BlockchainLegalIntensive
2016, November 28 Update: The research update video garnered a good question in the YouTube comments. The answer may be of broader interest, and is provided below: