AboutEdit - Technology, Smartphones, Business, How To, Lifestyle, Finance, Reviews
  • Business
  • Technology
  • Digital Marketing
  • Home Decor
  • Gaming
  • Lifestyle
  • Write for us
No Result
View All Result
  • Business
  • Technology
  • Digital Marketing
  • Home Decor
  • Gaming
  • Lifestyle
  • Write for us
No Result
View All Result
AboutEdit - Technology, Smartphones, Business, How To, Lifestyle, Finance, Reviews
No Result
View All Result

Why should lawyers learn Blockchain?

Arry Carler by Arry Carler
in Blockchain
Why-should-lawyers-learn-Blockchain

RelatedPosts

crypto world

What 2021 Holds for the Crypto World

March 11, 2021
Blockchain: The Future of Technology

Blockchain: The Future of Technology

February 4, 2020

If we talk about a transformative technology which has spurred a positive change across different industries, then Blockchain takes the lead. A technology which forms the DNA of cryptocurrency transaction has now unfolded its multifaceted applications.  This Distributed Ledger Technology has had its impact in different fields owing to its features like transparency, faster operation, and security. All these factors make it eligible for legal firms and lawyers.

Blockchain and Law: How it will strike a balance?

We have already mentioned the features of Blockchain, which makes it an inevitable change. It is secure, immutable, and this will allow the lawyers to authenticate and record different legal matters. Now, these can be any kind of records like court records, property records, UCC filings, fund transfer, agreements, chains of custody. Besides, the security factor, it’s the ease of accessibility which makes it a helpful move for the lawyers.

Four ways in which Blockchain can help the lawyers:

  1. Property Deeds- Well, one of the first major use of Blockchain was in the field of property and real estate. Since any kind of property transaction involves a lot of money and paperwork, which also needs the intervention of lawyers; having a DLT fed with all the necessary data will solve the purpose. This DLT is accessible only to the authorized user, thus reducing the probability of fiddling with the information, thereby guaranteeing the security and authenticity of the information.
  2. Document notarization- Many startups have emerged, which are offering notary services online using Blockchain technology. Individuals can upload documents, hash it, and the time-stamping adds to the necessary authentication. With time stamping, you can get to know about the date and time of creation.
  3. Chain of custody- Immutability is one of the greatest features that Blockchain has to offer. This comes as a solution where we have property ownership becoming a questionable affair. Real Estate lawyers using Blockchain can verify the chain of custody of property, and this takes lesser time which otherwise would take weeks to months. Thus, using Blockchain expedites the process and enhances the client’s satisfaction in a lawyer.
  4. IP rights- Now this is a sensitive issue, but with the help of Blockchain, one can easily be assured of securing their rights on the information created or invented by them. It involves some legal aspects and having a lawyer who is versed on legalities of IP rights, and you cannot expect a seamless system.

With the growing demand for Blockchain and its implementation in a different field, lawyers knowing this domain will have an extra edge over the others who are still naïve to the technology.

Arry Carler

Arry Carler

Next Post
most used methods to convert mbox file to pst file

Most Used Methods to Convert MBOX to PST File

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Categories

  • Android
  • Automotive
  • Blockchain
  • Business
  • Digital Marketing
  • Education
  • Electronics
  • Fashion
  • Finance
  • Gadgets
  • Gaming
  • Home Improvement
  • How To
  • Lifestyle
  • Smartphones
  • Social Media
  • Softwares
  • Street Food
  • Technology
  • Travel
  • Web Development

Recent Post

  • Don’t Miss These Important Content Marketing and Thought Leadership Variables to Excel Exponentially
  • All You Want To Know About Transformational Leadership
  • How to find the best loan calculator for Personal Loans?
  • What are the Strategies to Win Maximum at Live Casinos?
  • 5 Incredible Platforms To Explore Call Break
  • Business
  • Technology
  • Digital Marketing
  • Home Decor
  • Gaming
  • Lifestyle
  • Write for us

Copyright © 2021 By AboutEdit • Made with ❤️ • All Rights Reserved. Reproduction without permission is prohibited.

No Result
View All Result
  • Business
  • Technology
  • Digital Marketing
  • Home Decor
  • Gaming
  • Lifestyle
  • Write for us

Copyright © 2021 By AboutEdit • Made with ❤️ • All Rights Reserved. Reproduction without permission is prohibited.