The Rising Need for A Blockchain Attorney
In the age of rapid technological advancement, refusing change and adaptation can put an unrepairable dent in your career. Blockchain has revolutionized a lot of industries already. Despite its shortcomings, it remains an exciting technological prospect with immense potential. The field of law and blockchain share a meeting point. A decentralized space needs you to be legally protected more than ever. The blockchain presents an opportune time for a blockchain attorney to step in and fill a gap in the blockchain job market.
Why Will You Need a Blockchain Attorney?
A legal specialist’s need to represent you in the Web 3.0 era is growing. A blockchain attorney can oversee many tasks that would be optimal with a professional handling legal and smart contract operations.
Real Estate
When considering investing in real estate or buying a personal house, the daunting process of contracts and inspections can render the experience cumbersome. The blockchain can replace the old-school way of having physical archives and piles of paper. The main reason Dubai moved its land registry to the blockchain was the immunity to tamper with records.
Moreover, It will also limit human interference but will not eliminate it. Limiting this interference to a legal professional can make a world of difference. A blockchain attorney can offer consultations and guidance when maneuvering around the digital purchase process.
Protect your intellectual property
The digital aspect of our lives is ever-growing. Your work in the digital domain needs to be protected, especially with the influx of workers coming in to fill the market. A blockchain lawyer can help you with patents, trademarks, copyrights, internet and digital media, and licensing agreements. Managing the legality of these aspects can ensure your rights are protected, and who better to do it than a legal professional?
Crypto Forensic Investigations and Dispute resolving
Furthermore, hackers out there are always prepared to harm you. Why not be prepared for them as well? A blockchain lawyer can perform forensic analysis and trace Crypto funds after you have fallen victim to crypto fraud, a hack, and ransomware. A blockchain attorney collabs with law enforcement to recover misplaced, inaccessible, or stolen Crypto funds. He will prosecute the criminals and ensure they face the consequences.
Additionally, a legal professional can investigate and resolve disputes between customers and crypto exchange facilities. A blockchain attorney can handle investigations concerning investment fraud and breach of contract disputes.
Help you with your NFT endeavors
Blockchain attorneys can help you get familiar with NFT commercialization and restrictions. When promoting your NFT, you might want to offer giveaways. A legal advisor can help you maneuver the rules and policies of said giveaways. Forming entities and independent contractor agreements are legal hashes that can be delegated to a blockchain attorney. NFTs require an art license agreement, and the platform you create requires user terms and conditions and an intricate privacy policy. A blockchain attorney can release you from these burdens if all this sounds too much to grasp.
Why Become a Blockchain Attorney
After presenting the gaps that a blockchain attorney can fill, we can have an overview of why a legal professional would want to shift towards becoming a blockchain attorney.
Good Money
Firstly, it might be the most attractive aspect. It pays well. Since it is a gap yet to be filled, there is a lack of professional presence in the Web 3.0 legal field. Having fewer competitions makes it easier to ask for hefty compensation for your services. Legal advisors on the blockchain get paid higher than legacy financial lawyers. Sharpening your skills and growing the ranks, becoming an expert will allow you to ask for higher prices for high-quality services.
Easy to get into the field
As we said before, blockchain and smart contracts legal experts are scarce. The low number of professionals does not reflect the surging demands for a blockchain attorney. This can be a blessing in disguise for a legal professional with humble experience. It is a growing field. You can easily access it and find a position in it. Growing in the blockchain legal field can prove more straightforward than expected.
It is here to stay
Finally, blockchain technology is not going anywhere. Despite many skeptics trying to pin many mistakes on the blockchain board, blockchain technology is and will remain a fundamental aspect of the future. Many throw the term banking the unbanked around, yet the idea that everyone should have legal representation still isn’t as popular. You can change this by becoming a blockchain attorney. It will present you with a long-term industry with many career opportunities.
Concluding Thoughts
The job market can be genuinely unforgiving sometimes, but you cannot ignore the shifting of the job market tides and expect not to be left behind. Building a career in legal blockchain can be very forgiving when venturing in. Your journey as a blockchain attorney can be long, but it will surely be very fruitful.
Inside Telecom provides you with an extensive list of content covering all aspects of the tech industry. Keep an eye on our Cybersecurity space to stay informed and up-to-date with our daily articles.