CRYPTOGRAPHY SOLUTIONS IN LAW

What is Blockchain? 

A blockchain is a list of data that increases over time. It is linked together by cryptography, unable to be altered without modifying the chain. Blockchain is a new type of internet, having information distributed but not copied over, such as a series of time-stamped data and information stored and owned by numerous computers. Each unit of data (block) is bound together by cryptographic principles (chain). It's used for keeping financial records, cryptocurrency, digital property distribution, contracts, etc. 

Common Legal Issues With Blockchain

• Ownership and registration of intellectual property regarding software and hardware;

• Software development agreements;

• Protection and monetization of IP rights; 

• Defense of third-party infringement claims;

• Entity formation, capital, and financing strategies; 

• Intellectual Property Indemnification; and 

• Enforcing copyrights.

Common Legal Solutions For Blockchain

• Trademark counseling and litigation;

• Licensing and technology transactions;

• Security offerings and litigation;

• Patent counseling and litigation;

• Non-Disclosure Agreements;

• Trade Secret Protection;

• Domain Name Protection; and

• Defense from defective product claims.

There are many reasons for a person to use Blockchain Technology, including security, efficiency, and transparency. With the system easily accessible to trusted parties, untrusted parties have the ability to view a single view of data or a Shared Ledger while still maintaining the integrity of the chain. It cannot be corrupted by anyone or accidentally deleted while keeping record activity up to date.  

Dallas Blockchain Lawyers

Our Dallas internet and blockchain knowledgeable lawyers can assist you in drafting eCommerce agreements, purchase agreements, master services agreements, statements of work, and software licenses supporting your eCommerce business. The firm provides strategic advice to its internet business clients, including retailers, distributors, third-party sellers, and technology entrepreneurs. We represent clients throughout the United States, state, and local courts, including the U.S. District Court's for the Eastern District of Texas, the Northern District of Texas, and the Western District of Texas.