The rise of distributed ledger technology, principally that of the blockchain, has seen the start of a boom the likes of which was last witnessed during the .com revolution. Developers, ever so in high demand, have found themselves in the epicenter of the blockchain revolution, especially those with a sound knowledge of cryptography. However, caution needs to be exercised during this modern day gold rush, and due to the high level of responsibility undertaken by blockchain developers, the necessary precautions need to be taken.
In this session, the speaker will:
- explore the responsibilities of blockchain developers when undertaking related projects;
- the legal standing of Initial Coin Offerings (ICOs), both in the U.S. and elsewhere;
- provide advice on how to best undertake development-related roles;
- list the checks which should be made before accepting a development role so as to ensure that the project is legitimate; and
- the possible risks involved if one does not take the necessary precautions.
It is a well-known legal principle that ignorance of the law is no excuse, and with such high stakes in this emerging market, it is always wise to be fully informed and protected against any possible mishaps.