Why lawyers should learn basic coding?
Lawyers should be learning basic coding
This sounds counter-intuitive, but I see it as a necessary skill in the modern world. Lawyers will need to understand how technology is shaping our world, and they’ll need a basic understanding of it to handle any cases where technology plays a role. This includes everything from understanding what web3 is, to knowing how smart contracts work or why cryptocurrencies matter — and more, generally speaking, having an awareness of the disruptive power new technologies can have on different industries.
It’s not just about being able to use tech yourself: If you want your clients (or even yourself) to be able to tap into these new opportunities and services, then you’re going to have some sort of knowledge base that helps guide them through their decision-making process as well as answer any questions they may have along the way
Blockchain, Cryptocurrencies, and Smart Contracts in the new Web3
Blockchain is a technology that enables reliable distributed computing. Cryptocurrencies are the first real-world application of blockchain. Smart contracts are the second real-world blockchain application, a programmable blockchain.
The lawyers of tomorrow need to understand the technology that is shaping the world today.
When it comes to understanding the technology that is shaping the world today, blockchain and smart contracts are a growing field of law. Cryptocurrencies are a fast-growing financial market, with hundreds of projects in development or already launched on various blockchains. Blockchain technology is being used in many exciting ways as part of the web3 movement (a way of decentralizing applications and services), including decentralized exchanges and prediction markets.
Blockchain technology presents unique legal challenges because its underlying architecture requires code to be embedded into each transaction performed on its network. This means that every person using this system will have access to information about how others performed transactions, making privacy difficult to achieve while using blockchains.
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