What Is “Proof Of Reserve”? It is not a particularly new concept to the blockchain industry. It is a method to verify that it possesses sufficient reserves of assets to another party through a form of proof. This concept originally was a method for centralized digital asset exchanges and custodians…

What is an NFT? A quick flashback NFT stands for the non-fungible token. While cryptocurrencies are fungible — meaning that they can be replicated and exchanged for one another token — NFTs are not alike, and each one has a unique digital signature with its own unique value. For instance…

The new US Infrastructure Investment and Jobs Act (“Infrastructure Act” or “Act”) was signed by the United States President, Joe Biden on 15th November 2021. The Act aims to allocate funds to rebuild America’s roads, bridges and rails, expand access to clean drinking water, ensure every American has access to…

The idea of autonomous lawyering is a new domain of legal advocacy that visions a strong convergence in many of the working streams from technology development such as open source, iterative and collaborative work and bug bounties. The main tenant is ensuring that legal risks are proactively addressed in the…

One of the most notable concepts that has been successfully implemented through the blockchain technology is the DAO — aka a Decentralized Autonomous Organization. These organizations operate exclusively on smart contracts. Everything, starting from the financial transactions to rules are encoded on a blockchain. This removes the need for a…

Imagine this, there is a way where people can be organized all around the globe, without personally knowing each other, establishing their own rules and making their decisions autonomously which is encoded on a blockchain. This is not a mere imagination but DAOs are indeed making it a reality. However…

Preliminary Observations Technological advancement has a crucial impact on various legal fields, including the one of Intellectual Property law (hereinafter ‘IP law’). This is the case when it comes to blockchain technology. This new institution had an imperative impact on how natural and legal persons interact with each other there…

DAOs do not fit into the traditional definition of a company, as it allows groups of people of any size to unify for a common purpose with little strife. Their purposes are not limited to but include charity, business and community organizations. These structures are growing rapidly as they enable…

What is a cryptocurrency? When you hear about cryptocurrency at first, it might sound complicated and complex. However, in reality it is actually quite simple. It can be classified as a digital asset or token that is created to be exchanged on platforms that function on blockchain technology or cryptography…