Practicing as a blockchain lawyer is a multi-disciplinary practice, and attorneys need to do three things if they want to have a successful career in the blockchain world, law professor Del Wright says.
From litigation to business, from intellectual property to so-called “smart” contracts—which are generally not legal contracts—practicing as a blockchain lawyer is a multi-disciplinary practice. Three keys will help lawyers prepare for a career in the blockchain world:
Understand the tech
Find a practice
Participate in the community
Understand the Tech
Blockchains are, at their core, trust machines that replace traditional intermediaries with technology that minimizes cost, adds transparency, and adds security to transactions.
A critical first step for any lawyer looking to enter the space is to understand how blockchains work. That knowledge not only provides a baseline for any blockchain-based practice but will also allow lawyers to talk with their clients in a language those...
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