Fueling blockchain with legal emboldenment
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Every once in a while, a technology is introduced which not only changes the rules of the game, but changes the entire game itself.
It happened with the Automated Teller Machines (ATMs) in 1970s, with the Fibre Optics in 1980s, with the IEEE 802.16 in 1990s, with the wide acceptance of Mobile Phones in 2000s and with Artificial intelligence & Biofuel based products in 2010s.
Each of these technologies brought about a revolution in a manner that resulted in massive disruption, questioning the status quo and ultimately changing the entire industry forever.
Blockchain is THAT technology.
In a world that is connected yet centralised, a need for “opening” and democratising existing financials technologies is needed to empower the true users of the technology.
Blockchain is the most futuristic software platform for digital world.
"The blockchain is an incorruptible digital ledger of economic transactions that can be programmed to record not just financial transactions but virtually everything of value." - Don & Alex Tapscott, authors Blockchain Revolution (2016)
Embeds accountability in the system itself, with validation of transactions in a secure environment improving transparency and yet being incorruptible with self audit features which reconcile themselves every 10 mins, in a decentralised - designed chronologically organised distributed public ledgers!
Need we say more ?
With the building blocks provided by the blockchain, businesses may together build the new Web 3.0 by applying Blockchain Technology in Smart Contracts, iOT, AML & KYC, Land title registration, Government Voting, Protection of Intellectual Property, Data Management, Stock Trading to name a few.
"Bitcoin is a remarkable cryptographic achievement… The ability to create something which is not duplicable in the digital world has enormous value…Lot’s of people will build businesses on top of that.” - Eric Schmidt, Executive Chairman of Google [Source: Newsbtc.com]
About Blockchain Lawyer
What are we contributing to the Blockchain ecosystem?
While the world is still toddling with the building blocks of the blockchain, comprehending how to truly build the next web 3.0, we too are combining our legal acumen with this technology to help businesses create futuristic web products.
In addition, we offer presentations for research, educational and commercial perspective to explain blockchain technology and smart contracts from a legal perspective for enterprise grade adoption.
Since the blockchain technology is in native state and yet to gain mainstream acceptance of ruling governments nationally and internationally, we also communicate with governments for helping build regulatory frameworks for mass acceptance of this technology.