Blockchain and Lawyers

in #blockchain8 years ago

How can the blockchain reach its apex? What is the ideal technology for that? These are a few questions Blockchain followers may ask. However, when it comes to reaching its full potential, it is not a matter of technology nor inventions but something incredibly simpler.
According to Andrea Tinianow - a blockchain Czarina- it is all about the lawyers. Once attorneys understand the full potential of blockchain technology we will begin to see greater adoption of the technology. Attorneys are in the unique position to prepare their clients for the inevitable disruptions that will reshape the way they do business. They must help in enabling corporations to maintain their stock ledger, as well as other corporate records, on a blockchain.
Blockchain technology could streamline the issuance and management of asset backed securities. In fact, everything can be managed and stored by this technology such as agreements,which enables parties to know which agreement is authoritative, who signed it, and where the various versions of the agreement are located. Blockchains are great at tracking bits of information and automating commercial transactions.
Students at universities and law schools are learning about blockchain technology and how to code smart contracts. Attorneys should start engaging with blockchain right now.
Also, Attorneys need to be prepared to answer their clients’ questions about how blockchain technology can be used to create new business models, raise capital, and deliver new types of product and service offerings, effectively and compliantly.

For more info->> https://www.forbes.com/sites/andreatinianow/2018/06/20/when-it-comes-to-adopting-blockchain-technology-education-leads-to-utilization/#6f5fa4a14ea8960x0.jpg

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