SmartOne Legal—The solution to Blockchain Legal Issues
Blockchain, the technology that is starting to overturn our traditional economic, political and legal system, has, like many nascent industries, brought with it a myriad of challenges. Among these is the difficulty in overcoming the various legal hurdles that are placed in front of those who would like to use the technology.
Issues with Existing System
One of the greatest issues has to do with the laws that exist within the countless jurisdictions. It is not easy to access the legal services needed to further develop more technologies in what is touted as “the most disruptive creation since the advent of the Worldwide Web”. Furthermore, the technologies that exist within the traditional legal system are archaic and hence ill-suited for this new technological paradigm. These problems exist at the regional and state level, and also within states and regions.
Solutions
SmartOne Legal, from Crypto Valley Switzerland, with its team of legal and technology experts, will overcome these challenges in a number of ways.
First, it will step in where the traditional legal sector is failing. This sector, which has been a millstone around the necks of the global citizenry, is bloated, costs a lot, and is shrouded in secrecy. In fact, they often rely on subterfuge to remain relevant. SmartOne Legal is the antithesis of this. By doing away this archaic and cumbersome system, they will make the cost of doing business cheaper and simpler. This will be achieved by replacing middlemen with technology.
If one were to sift through the historical records, one would find that the legal system has worked mainly for those in power. They are loath to give up this power. Recently, countries like US and China, among other jurisdictions, have sought to use legal means to undermine the viability of technologies that have been built on the Blockchain. These have worked to deter people from establishing new businesses. There is nothing as off-putting to investors and innovators as uncertainty. What are the rules which obtain in the different jurisdictions? How can a budding entrepreneur be more certain of the regulations so that they will have less reservations about investing?
SmartOne Legal mitigates against this by providing this service to those of us without the legal expertise to execute business in a hassle-free manner. It does so by eliminating many of the legal hurdles. And anent that; they provide one-off fees, which is part of the cost-cutting initiative.
Advantages
The consumer can also earn legal tokens from this platform. The financial incentive gives people the ability to earn money from the legal system instead of always having to be paying into it.
Bridging the financial and legal sector is necessary on the Blockchain. The traditional forces are ill-equipped to deal with these changes. This is where SmartOne Legal becomes necessary. A void already exists in the sense that people, like myself, who are not trained in the art of jurisprudence, is quite confused about the regulatory framework that obtains in many locales.
In addition, one is confused as to where and how to solicit legal services as it relates to the blockchain, especially at a time when new laws are being passed to respond to this growing market. SmartOne Legal has stepped in just in time. As someone who might be seeking to start a business, I would be liberated from the cumbersome legal sector by soliciting the services of SmartOneLegal.
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