Blockchain and lawyer business

1. Although driven by the influx of capital and talents, the blockchain instry ushered in rapid development, but as an emerging instry, the frequent warning of its security vulnerabilities caused people to worry about the risk of blockchain<

Yu Kequn, director of the national information technology security research center, pointed out that for privacy exposure, data leakage, information tampering, network fraud and other issues, the emergence of blockchain has brought a lot of expectations to people. However, there are still many challenges in the security of blockchain

Yu Kequn said that at present, the blockchain is still in the primary stage, and there are many challenges such as the security of cryptographic algorithm, protocol security, use security, system security and so on

Yan Hanbing, director of the operation Department of the national Internet Emergency Center, also pointed out that if blockchain wants to occupy an important position in the global economy, it must first solve the security problems it faces

Yan Hanbing pointed out that blockchain security issues include many aspects. For example, traditional security issues, including the protection of private key, including the traditional vulnerabilities of application layer software. In addition, there are some loopholes in the new protocol

the data provided by the decentralized vulnerability platform (DVP) also shows the seriousness of blockchain security issues. Wu Jia, head of DVP, revealed that in the week since July 24, DVP has received 312 vulnerabilities from white hat, involving 175 project parties. Including smart contracts, well-known public chains, exchanges and a series of other projects. There are 122 high-risk vulnerabilities, accounting for 39.1% of all vulnerabilities, and 53 medium risk vulnerabilities, accounting for 17% of all vulnerabilities

Li Bin, assistant director of China Information Security Evaluation Center, analyzed that the current blockchain is divided into three types: public chain, private chain and alliance chain. No matter which type, it faces security challenges in algorithm, protocol, usage, time limit and system. What is particularly critical is that the current blockchain is still facing 51% attack problem, that is, nodes can successfully tamper and forge blockchain data by mastering more than 51% of the network examples

it is worth noting that in addition to external malicious attack risk, blockchain also faces the threat of its endogenous risk. Yu Kequn reminded that how to build a complete security application system around the equipment, data, application, encryption, authentication and authority of the application system of the whole blockchain is an important problem that all parties must face

Wu Jia also analyzed that as an emerging instry, employees in the blockchain instry are lack of safety awareness, which leads to the low safety factor of software and hardware related to the blockchain, and there are a lot of security loopholes. In addition, there are many ecological links in the whole blockchain. In contrast, the strength of relevant security employees is scattered, and it is difficult to form a joint force to solve the problem. A systematic solution is needed to meet the above challenges.

2. It is suggested that you should study the blockchain after you have just contacted it. In fact, blockchain is essentially a decentralized distributed ledger database. It is a series of data blocks generated by using cryptography Association. Each data block contains information about effective confirmation of multiple bitcoin network transactions. This is the definition of blockchain. If you want to have an in-depth understanding of blockchain, you need to do a little research. Including the characteristics of blockchain technology itself: decentralization, tamper proof, anonymous encryption, point-to-point transaction, intelligent contract, value quantification, accurate data description, etc., there are many contents, which will not be repeated one by one. I don't know which lawyer you are looking for in the field of blockchain. I have contacted the lawyer group of blockchain before. It's better to find a professional one. I hope it can help you.

3.

Blockchain project compliance generally chooses to register an overseas framework, and then the local lawyer will issue a legal compliance opinion to prove that the project conforms to the laws of the host country. The main body in the market is the Singapore foundation, and this legal opinion is also issued by a local licensed lawyer in Singapore

The legal opinions can be divided into two categories:

1. For the project, the legal opinions issued by the well-known exchanges of Shanghuo coin, OK and coin an, and the legal compliance opinions issued by the well-known lawyers of the designated Singapore law firm

2. Ordinary legal opinions are issued by ordinary licensed law firms in Singapore for these mainstream exchanges

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information required for issuing legal compliance opinions:

1. Chinese and English version of project white paper (word document)

2. Information of directors

3. Information of main Singapore foundation

registration certificate

articles of association

registration paper

Singapore is friendly to blockchain projects and has perfect follow-up legal services, This legal compliance opinion can be issued. It can't be issued in other places. The role of legal opinions in Singapore is relatively large. After all, the cost of processing is much cheaper than the cost of licensing, so it is very attractive for domestic project parties

4. With the development of blockchain, there are more and more ICO projects and exchanges in the blockchain instry. How should so many projects develop in compliance
the current blockchain project compliance is divided into two sections:
first, blockchain coin issuing project compliance: Foundation + legal compliance opinion
often referred to as ICO, IEO, etc. first of all, we build overseas entities. Generally speaking, most coin issuing entities choose Singapore foundation. It is a non-profit company in the form of XX Foundation Ltd. Finally, a legal compliance opinion is issued by a Singapore lawyer. The content of the legal opinion includes the amendment of a white paper and the token non securitization certificate, which is mainly to make the project comply with the laws of Singapore. This legal opinion is also needed for the later docking of the project with the currency on the exchange< Second, blockchain exchange project compliance: subject company + digital currency trading license:
license is one of the important compliance documents of the platform. It is equivalent to a business license. In particular, after Huoyuan won the Japanese license, the US license and applied for the Canadian license, the license was pushed to a new height. Obtaining the US MSB license also means that the company can reasonably conct business in most states of the United States. This is the reason why the major platforms have started to apply for licenses. If they want to carry out business formally and legally, they have to apply for licenses
for example: MSB digital currency exchange license in the United States, MTR digital currency + Wallet al license in Estonia, austrac digital currency license in Australia, etc
the role of MSB license in the United States:
1. American MSB license is famous, packaging platform and good publicity
2
3. It can increase the trust of customers, enhance their visibility, and make the platform develop better and faster in compliance
advantages of MSB license
1. Investor recognition - Corporate Law and financial instry regulation in the United States are very perfect. With a U.S. license, your digital currency trading platform will be more recognized by global investors
2. Get authoritative approval - with the authoritative approval of the U.S. Treasury Department, you can carry out relevant business in the United States and around the world, which represents the compliance supervision of digital currency platform
3. Become a first-line platform -- MSB license is also a standard license for global digital currency trading institutions. Coinbase, bitfinex, poloiex, hotcoin.com, OK, coin security exchange and other platforms all hold this license to operate
4. Diversified services - MSB license allows currency exchange and delivery services, so that you can better meet customer needs and provide more diversified services
why is the license so important for the trading platform? First of all, people in the traditional foreign exchange circle know that the foreign exchange platform has the importance of supervising the license. Even such a traditional mode will create a future trading platform. Therefore, the license plate is bound to become a trend of development

5. Domestic blockchain projects are still relatively conservative. Blockchain projects always involve a derivative instry, that is, digital currency transactions. If domestic projects are not allowed, what should we do? You can register a non-profit foundation in Singapore and add relevant legal opinions to prove that the project you are doing does not violate the current laws and regulations of Singapore, such as Biyuan chain and Leyte coin

after registering the main body of the foundation, we still need to do later legal compliance, the main purpose is to draw a clear line between law and crime, but I said it doesn't count. Because digital token is indispensable for blockchain. To put it bluntly, digital currency drives the popularization of blockchain in China, but what's the fact? Digital currency is just a small application of blockchain technology

e to the particularity of the instry, At present, there are no formal laws and regulations to restrict its development, involving a wide range of violations:
pyramid selling
illegal fund-raising
money laundering
absorbing public deposits
illegal operation
transnational foreign exchange crimes
providing more convenience for terrorist financing

therefore, different countries in the world have different attitudes towards blockchain, and China is explicitly prohibited, So we all go overseas to develop projects, such as Singapore and Thailand. First, the local laws and regulations are required. Who has the final say in the matter of whether the project is legal? There are two ways: to apply for a formal digital transaction license or to rely on a legal opinion issued by a lawyer. At present, the latter is in the majority, easy to operate and low cost.

6.

Using blockchain technology to store and issue electronic evidence is the basis of the application of blockchain technology in the legal field

in the whole life cycle of electronic data generation, collection, transmission and storage, blockchain technology can protect electronic data, prevent tampering, and leave traces of data operation

using blockchain technology to preserve electronic evidence, the electronic data that needs to be deposited is recorded in the form of transaction, stamped with time stamp, and recorded in the block, so as to complete the process of data preservation and deposit. In the process of data storage, multiple participant nodes witness together and maintain a distributed ledger, which greatly reces the possibility of data loss, tampering and attack

the combination of blockchain and electronic data storage can rece the cost of electronic data storage, facilitate electronic data collection and evidence identification, and improve litigation efficiency

7. Brother, you're kidding. How loud is that? Do you know

8. At present, the market is a mixture of good and bad, but the better is the interstellar cloud, with good security.

9. Recently, the Zhejiang high court held a press conference on "Comprehensively Strengthening the judicial protection of intellectual property rights" and issued the "Implementation Opinions on Comprehensively Strengthening the judicial protection of intellectual property rights", focusing on solving the problems of difficult proof, long cycle, high cost, low compensation and so on, and promoting the court and relevant functional departments to work together to promote the whole chain protection of intellectual property rights The opinions clearly pointed out: we should strengthen the protection of intellectual property rights in new fields and formats, such as artificial intelligence, gene technology, blockchain, core algorithm, etc
efforts should be made to solve the problem of "difficulty in adcing evidence". We should make full use of the rules of the distribution and transfer of the burden of proof, the presumption of the obstruction of proof, and the order of providing documents, so as to reasonably rece the difficulty of the obligee's proof. We should strengthen evidence preservation, investigate and collect evidence in accordance with their functions and powers, actively implement the system of lawyers' investigation orders, and punish illegal acts that do not cooperate with investigation and evidence collection according to law. We should improve the identification rules of electronic evidence such as third-party electronic evidence, and guide the parties to widely use blockchain and other technical means to obtain, fix and deposit evidence
in the Internet era, blockchain is naturally applicable to intellectual property because of its decentralized, distributed storage, encryption and traceability, which can effectively solve the problems of intellectual property, such as easy to , hard to fix and hard to recover. At present, it has been widely used in the field of intellectual property and recognized by the judiciary. In the process of intellectual property rights protection, it is the core and key to prove the authenticity of the evidence and be accepted by the court. Yibaoquan's brand micro right is a domestic blockchain information service filing enterprise of the state network information office. It is the first to create the mode of "blockchain + justice + intellectual property protection", providing one-stop services such as work confirmation, infringement monitoring, network forensics, verification and proof. Through sha-512 hash algorithm, time stamp service and pbft consensus algorithm, the original data is encrypted, and the unique corresponding digital fingerprint is generated from the subject, time, process and content of the certificate, which is encrypted and stored on the blockchain to effectively guarantee the integrity and originality of the certificate data. Users can check the source of blockchain online through the official websites of notary office, Arbitration Commission, Capital Intellectual Property Association, etc. they can also directly scan the QR code on the certificate and directly show the evidence of blockchain to the judge in court. Even if the infringer has already deleted the infringing content, it can not be repudiated. At present, the evidence of blockchain storage and forensics provided by micro right has been publicized and accepted by court officials in many parts of the country, and has been listed in typical blockchain cases for many times,

10. It's illegal to look at things from the perspective of lawyers, so don't look at everything from the perspective of lawyers, otherwise you can't do anything!