Why should lawyers learn Blockchain?

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Why Should Lawyers learn Blockchain?

• 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.

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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, its the
  ease of accessibility which makes it a helpful
  move for the lawyers.

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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.

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• 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.

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• 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 clients satisfaction in
  a lawyer.

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• 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.

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• 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.

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Blockchain Council Certifications

• You can check out our certifications, and kick
  start your career in the Blockchain space today.
• Certified Blockchain Expert
• Certified Blockchain Developer
• Certified Smart Contract Developer
• Certified Solidity Developer
• Certified Ethereum Developer

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