Article provided by: Global Blockchain Summit
Blockchain conferences attract some of the world’s most innovative and strategic thinkers. These events allow attendees to ask the right questions for themselves, the greater society and the fellow attendees. Here are a few legal questions you could ask at the blockchain legal conference.
Are developers breaking the law?
Corporate law states that entrepreneurs have a right to maintain organizational autonomy in any niche. The founders of a blockchain code have protection under this net blanket of corporate security. Developers do not have an offense according to federal law and state law.
The law goes forth to state that developers will not be responsible for the problems created by developers who use their code. The law has weak legal points, which allow contract developers to be punishable by law.
The court will, however, have to differentiate on several players in the case. These parties include the person who wrote the code, the one who deployed it and the operator of the platform. The 2019 blockchain summit will have exciting answers on whether decentralized networks and smart contracts will continue operating under protection from the law.
What is the future of decentralized systems?
Many people believe that decentralized exchanges have completely secret keys. This theory proved shaky in 2018 when SEC charged EtherDelta with demanding registration of transaction keys on their software. How is the crypto world going to regulate the system that is firmly decentralized?
What will happen to the future of crypto developers who seek to remain anonymous? The blockchain legal conference will have exciting points of view from attendees and speakers alike.
How will future blockchains enforce contracts?
Blockchain operates based on cutting out the middle person. The result is a drastic reduction in transaction costs. The computer code does not understand or adhere to a court of law. Users and observers question the eligibility of these smart contracts because they are pure computer codes. The question would seek to answer on how possible and practical it would be to prosecute codes in a court of law.
What happens after leaving a blockchain?
The vendor of a service retains a copy of the ledger when one decides to leave a specific blockchain industry. What is the future of blockchain in enforcing that the vendor hands over the complete record of transactions? Most people would prefer that they get all files linked to their name.
What will happen to international regulators?
More countries are developing blockchains for use in their local country. Lately, technology has been picking up the expanding decentralization of the system. Will independent developers break down territorial boundaries to work with international developers?
Will SEC ban privacy coins?
The blockchain legal conference should answer whether privacy coins should not be part of all crypto platforms. Another person may want to consider using these coins in the controlled crypto platforms.
The regulation will ensure that people trade under the created legal framework. Alternatively, the world could follow Japan’s idea of delisting the coins. The speakers at the conference have enough scientific, financial, and political background to explore and decipher the meaning of all possible courses of action.