Blockchain
Blockchain expertise
Our IT team are well-placed to provide organisations with practical advice in order to navigate the complexities of blockchain technology and related projects.
Our IT lawyers provides expert guidance on data security, intellectual property rights and compliance with evolving regulations. We can help organisations ensure that blockchain initiatives are legally sound and technically robust, helping mitigate risks and leverage the full potential of blockchain technology.
Our services include:
- Legal compliance: ensuring that organisations adhere to various laws and regulations governing Blockchain technology
- Data security: providing guidance to organisations on securing blockchain networks and protecting personal data
- Intellectual property: advising organisations on ownership and licensing rights associated with digital assets and NFTs
- Smart contracts: assisting organisations with drafting and reviewing smart contracts to ensure they include appropriate legal provisions
Blockchain explained
Blockchain is a distributed software network that functions both as a digital ledger and a mechanism enabling the secure transfer of digital assets without an intermediary.
This technology facilitates the digital exchange of “units of value” including:
- Digital currencies (including cryptocurrencies and NFTs)
- Stocks
- Healthcare data
- Property records
The first blockchain technology emerged in 2009 with the Bitcoin blockchain.
Practical considerations
Intellectual property (IP rights)
Organisations should ensure robust patent, trademark, copyright, and trade secret strategies to protect their blockchain innovations, while also navigating the challenges of patent eligibility and global IP protection.
Data security & privacy
Compliance with data protection principles such as data minimisation, transparency, and the rights of data subjects, is critical for any organisation using Blockchain technologies. Organisations should take necessary steps to implement technical and organisational measures to safeguard personal data.
Regulatory compliance
Organisations should be aware of financial conduct rules, and legal recognition of digital assets and smart contracts when implementing Blockchain technologies,
Tax implications
Organisations using Blockchain technologies and dealing with crypto assets must consider the tax implications, which can vary depending on the type of crypto asset and the specific circumstances of its acquisition, holding, and disposal.
Liability
Consideration should be given to the potential liabilities related to data protection, intellectual property, and breach of contract.
Technical infrastructure
Integration of blockchain technologies with an organisation’s existing IT infrastructure should be thought about carefully, in order to maintain system stability and security.
Meet our team
Jaskeerat Sanghera
Managing Associate
Loving technology
Our IT lawyers live and breathe all things digital and data
Speaking technology
Acronyms fill this sector. Our lawyers know most of them and love learning new ones
Embracing technology
Technology is critical to our success and something that we embrace
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Whatever your legal needs, our wide ranging expertise is here to support you and your business, so let’s start your legal journey today and get you in touch with the right lawyer to get you started.
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