In a blockchain-based arbitration system, users program their agreements into a smart contract that handles arbitration. These agreements interact seamlessly with the Smart Contract Code to ensure the enforceability of arbitral awards. An integrated reputation system could help the community choose arbitrators to resolve disputes. Blockchain-based arbitration systems will create a global and universally available justice system that provides low-cost, high-quality online dispute resolution. Phillip has extensive experience with clients internationally, helps build a variety of European and international legal departments and is fundamental in the creation and management of fully licensed international companies and funds. Phillip assists Crypto lawyers in setting up offshore companies, fundraising, token launches and a range of corporate work for crypto projects. One critical blockchain-based innovation impacting intellectual property is that of non-fungible tokens, or NFTs. NFTs are cryptographic tokens that can be used to represent a single property on a blockchain. NFT standards enable robust proprietary systems in the digital realm.
Blockchain allows creators of a product or content to upload, save, and timestamp their original work onto a public ledger to create undeniable proof of ownership. From there, a blockchain-based IP enforcement system could help developers monitor exactly how and by whom their creations are used. Agustin M. Barbara is Of-Counsel at The Crypto Lawyers and actively assists the firm in handling various cryptocurrency and blockchain related issues and disputes, including issues related to major cryptocurrency exchanges such as deposit and withdrawal restrictions, account suspensions and terminations, chargebacks and frozen assets. Agustin also helps represent victims of cryptocurrency scams, thefts, and scams by vigorously investigating and prosecuting perpetrators in order to recover funds and shut down these often criminal organizations. At Meyers Roman, we work closely with clients to understand their goals and find a way to help them achieve those goals. Our blockchain technology practice is supported by established teams of lawyers with expertise in many areas involving digital currencies, including ICOs and associated regulatory hurdles, corporate and securities laws, intellectual property, banking compliance, private equity, real estate, corporate mergers + acquisitions, privacy and cybersecurity. In the event of litigation, you can count on our highly experienced team of litigators who have a proven track record of delivering positive judgments for plaintiffs and defendants. Ropes & Gray is one of the leading cryptocurrency, digital asset and blockchain companies. Our lawyers have a deep understanding of these evolving technologies and are at the forefront of industry trends and issues. Gamma Law`s crypto and blockchain lawyers are comprised of lawyers who specialize in securities, gambling, intellectual property, gambling regulation, data security, and other key disciplines, helping clients take full advantage of business opportunities and overcome legal hurdles in this dynamic space.
With expertise in all aspects of crypto regulation and the rapidly changing legal environment in the field, our team of lawyers helps clients overcome uncertainty to achieve their goals. Crypto Lawyers` value proposition is simple: we are a team of qualified lawyers in the United States who help developers, investors, and organizations master the legal intricacies of cryptocurrency and blockchain technology. We are committed to strategically and aggressively representing our clients in their transactional and litigation matters. Gamma Law`s crypto and blockchain lawyers draw on decades of experience helping innovative companies in the rapidly evolving technology and content sectors. We have extensive experience in SEC compliance, as well as developing SEC and other regulatory guidance regarding cryptography and blockchain. We regularly assist crypto clients navigate securities laws, KYC/AML compliance, money services business regulations, and other regulatory constraints in developing and implementing their business models. Our clients include blockchain innovators large and small, mining companies and companies, investors and industry associations. We advise clients in the virtual currency industry on a variety of regulatory matters, including compliance with securities and commodities laws and regulations. We help organize internal compliance policies and practices. Blockchain technology gives us the necessary framework to create a common ledger system where different parties can automatically communicate their compliance data/documents to the relevant authorities. In addition, a blockchain-based framework can automate various functions of the law, such as tax compliance.
Lawyers can use blockchain technology to streamline and simplify their transactional work, digitally sign legal agreements, and store them immutablely. The use of script text, smart contracts, and automated contract management reduces the time required to prepare, customize, and maintain standard documents. These savings are passed on to the customer. In addition, blockchain democratizes access to the court system by reducing consumer complexity and lowering high legal fees. Blockchain technology can streamline, reshape, automate, disintermediate, and secure many processes in the legal industry without losing judicial authority. Optimizing various industry characteristics will make the legal and financial sector more efficient and productive, while reducing friction and costs. Lawyers spend up to 48% of their time on administrative tasks, including transferring information between software and updating clients` trust books. (Clios Legal Trends Report 2018.) Using a repository of pre-built legal agreements and smart contracts, lawyers can automate non-billable administrative tasks and transactional work.
Reducing excessive manual work will also speed up court proceedings, reducing costs for customers. With Codefi Assets, ConsenSys adapted a digital asset management platform for Her Majesty`s Land Registry in less than 3 weeks. The platform demonstrates the tokenization of real assets as part of HMLR`s exploration of blockchain technology in the UK real estate sector. Gamma Law`s crypto and blockchain lawyers support startups and established companies in developing and implementing crypto-based business models. Our extensive crypto expertise includes blockchain gaming (including anti-gambling regulation), token-based funding, non-fungible tokens (NFTs), crypto fund formation, and related issues. For example, artists could tokenize a work and save it on the public Ethereum blockchain, create a license for it, and schedule royalty payments in real time. This structure opens the door to a generalized fragmentation of artistic property. With his litigation knowledge and experience, Jordan joined The Crypto Lawyers as Senior Counsel and led the firm`s litigation and dispute resolution efforts. During his time at The Crypto Lawyers, Jordan handled numerous cases against cryptocurrency exchanges where clients were blocked in their accounts, stolen assets, mismanaged by exchanges, or their assets frozen. Jordan also dealt with a litany of cases where fraudulent platforms stole assets from customers.
When it comes to these crypto fraud cases, Jordan manages and monitors The Crypto Lawyer`s certified forensic blockchain analysts who track the stolen assets of the company`s clients. Jordan then leads collection efforts to recover stolen assets from various exchanges in order to return those assets to the company`s clients. Jordan also advises cryptocurrency exchanges and other blockchain-centric businesses on how to overcome regulatory hurdles that arise in the cryptocurrency landscape and ensure they maintain their compliance with the ever-changing legal landscape. Philip was trained by the Law Society of London and holds an LLB (Hons) and a Master`s degree in International Corporate Law. He has recently participated as a keynote speaker at legal, corporate, blockchain and residency conferences. Over the past four years, practicing exclusively in the cryptocurrency space, Rafael has conducted extensive regulatory work at the federal and state levels, including collaborative and adverse interactions with the U.S. Securities and Exchange Commission, the Financial Crimes Enforcement Network (FinCEN), and countless state regulators. In addition to defensive regulatory work, Rafael advises a variety of small and large crypto exchanges, token issuers, and DAOs to help them meet their legal obligations, mitigate risk, and focus on growing their businesses, disrupting existing regimes, or experimenting with decentralized, immutable, and censorship-resistant technology.
Electronic signatures bring speed, efficiency and cost savings to the authentication process. Signing on blockchain costs the signer a fraction of the cost compared to electronic signature platforms like DocuSign. Currently, it costs an average of 7 to 8 cents to electronically sign a smart contract on Ethereum. Moving signatures to Ethereum also reduces the manual tasks and high costs associated with coordinating and facilitating signature authentication. Electronic signatures stored on the Ethereum blockchain live independently of the signed object, allowing for parallel signing and independent verification without granting full read access to the content. When two parties digitally sign a smart contract, they simultaneously agree to the terms associated with the agreement. Jordan began his career in 2015 as an attorney in Southern California, where he specialized in prosecutions related to complicated commercial crimes, mass crimes, medical malpractice, elder abuse, catastrophic personal injury, wrongful death, product liability, and drug and medical device class actions.
