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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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, it’s 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 client’s 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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10. THANK YOU!
Any questions?
You can mail us at
hello@blockchain-council.org
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