SmartOne Legal: Blockchain technology in the Legal industry

There are many challenges facing the Crypto-community. Chief of all is the difficulty of navigating the different legal requirements that differ in different countries, regions and even states. A quick search on the internet will reveal these differences, such as this site on how different states in a country can have different regulations and law with regards to Cryptocurrency.

As such, this presents a major problem moving forward with regards to Cryptocurrency. This is pointed out by Prof. Thomas Fischer in an article that legal issues are one of the major problems hindering the growth of blockchain-based services.

One solution, in fact the only feasible solution by far is the use of SmartOne Legal.

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I come from a family of lawyers and I have seen many technological startups start and fail in the legal industry. This is because from where I'm from, the industry can be resistant towards change, which is one of the many reasons why the legal front can be a problem in blockchain-based services.

However, I see promise tin the SmartOne Legal's solution due to a few reasons.

Capable team of experts

A business is only as good as the people running it. Sure, the idea is a great idea, however, the team consist of experts from the crypto industry, the legal industry, the finance industry and many others. The experts do not only have experience in the field, they are also academics who have published work on the state of the industry as it is. Thus, giving them experience on past events and foresight on possible future issues with regards to the industry.

With such a strong team of experts, this would help in ensuring those who have invested in SmartOne or the Legal token will have a peace of mind, knowing that any potential issues that may occur, can be solved. However, a capable team of experts is not enough, and there are times where relevant partners do play an important role as well.

A good foundation

The partners of SmartOne Legal consist of the first digital law firm in Switzerland, which is LegalOne. LegalOne is relevant in this case because of their connections with other firms and this would greatly benefit companies who are looking to navigate the complex legal landscapes in other countries and regions.

In addition, LegalOne can support the crypto community and blockchain based services via drafting white papers and helping with the audit and taxes of these services. Thus offering a comprehensive service to those who posses the Legal token.

Other partners if SmartOne Legal consist of NextLex Ltd which can benefit those who are in the legal industry. This is because of their software for legal documents and contracts which can help reduce the workload of lawyers. SKUANI Ltd on the other hand would provide the necessary legal advice and know-how to those in the crypto industry. Such a service is invaluable as it helps a business to move forward and saves valuable time on the company's behalf.

Built to last

One of the other reasons why I see the promise in SmartOne Legal is because it is built to last. It not only solves a pressing problem, but has a great ecosystem to address almost any legal issues in the future. This is seen in the diagram below.

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Most important of all, the diagram shows a plan to move forward. There is even a roadmap as to how the progress and process of implementation is carried out. Thus, showing much promise in this overall.

*Image taken from source

I am excited to see how SmartOne Legal does and will definitely get the lawyers I know to give it a try.

This article is published for the purposes of this contest

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