Smart Contracts and Blockchain
The Future of Law
Next course: 26 Oct 2021, 5.30 pm – 7.30 pm, Perth
CPD Course – Approved by the Legal Practice Board of WA
Study online or face-to-face
How does blockchain technology impact legal professionals?
This course provides you with a general introduction to a number of legal areas affected by blockchain technology and the use of digital currencies.It introduces the basic principles of blockchain in both technical terms, and in terms of how consumers, businesses, lawyers and governments in Australia (and internationally) are being affected from a legal perspective.
Why are smart contracts important for the legal profession?
Legal professionals who utilise smart contracts (built on a blockchain) see their use as complementary to the traditional contract in order to create legal certainty. Blockchain also assists lawyers with the tracking of assets and the expansion of business into new markets. Businesses and persons who provide their services within this field, will need advice on regulatory compliance.
Will cryptocurrencies replace traditional payment systems?
The blockchain technology behind cryptocurrencies is of growing interest to the banking industry, but also fintech companies. It promotes decentralisation and validation of transactions on a network that is designed to be transparent, for example in cross-border payments, trade finance (bills of lading and letters of credit paperwork) etc. This is very attractive to a number of industries.
Blockchain and Data Privacy - do we really need these regulations?
Although blockchain provides a wealth of benefits to industries due to its ‘irreversibility’ characteristic, it may become problematic where companies have a legal responsibility to erase data from their database when not ‘in use’ or when a client requests for the information to be removed. This is referred to as the so-called ‘right to be forgotten’. How can we address these issues?
CPD Course – Blockchain for Lawyers
Aimed primarily at lawyers, but applicable to other professions, this 2-hour course will focus on how blockchain is impacting the legal industry.
This course earns you 2 CPD Points:
- 1 point in Competency Area 1: Practice Management
- 1 point in Competency Area 4: Substantive Law
Approved by the Legal Practice Board of Western Australia
- Introduction to Blockchain and Cryptocurrencies
- Brief Overview of National and International Legal Frameworks on Blockchain and Cryptocurrencies
- Smart Contracts and Smart Legal Contracts
- Initial Coin Offerings (ICOs), Security Token Offerings (STOs) and other Property-related Issues
- Legalities around Banking, Finance and Consumer Protection
- Data Privacy
- Key Terms and Abbreviations
- Q & A
Not only for lawyers. This course is for everyone who would like to learn more about the application of blockchain in the legal space, but also some simple regulations you should know if you work in the industry. This is a non-technical course. No coding is required. No blockchain knowledge is required.
Legal professionals receive 2 CPD* points.
*CPD stands for Continuing Professional Development.
How will blockchain impact the ‘traditional’ practice of law?
If you represent clients in blockchain-affected industries, you become an even greater resource as trusted adviser by understanding blockchain within the context of your client’s business.
Being so nascent, blockchain presents an incredible (unique, even) opportunity for lawyers to position themselves as trusted strategic advisors to clients navigating the myriad legal, regulatory, and logistical webs surrounding the technology and its applications. A lawyer serving the music industry, for example, makes herself an invaluable part of a client’s core team if she understands blockchain, how it affects her client, and how her client can capitalise on the technology.
Why? Because the lawyer as trusted advisor is situated differently than others most likely to have blockchain savvy (e.g. IT advisors). Yes, IT knows the technology (maybe). But only the lawyer can extrapolate from the technological understanding to what this really means for a client operating in a law- and regulation-bound environment.
Here are a few industry-specific examples of how lawyers can become trusted blockchain advisors to clients, within the context of an existing practice:
- The Smart Contract Firm
- The Smart Contract Mediator
- The Smart Title Company
- The Ledger Lawyer: Blockchain Law and Policy Advisor
Educate and Prepare
- Corporate in-house training
- Course Duration: 2 hours
- CPD approved
Speaker – Chinelle Van Der Westhuizen
Chinelle van der Westhuizen is a lecturer in the School of Law at The University of Notre Dame and lectures Contract, Consumer and Banking Law. She completed her LLB and LLM at the University of Pretoria in South Africa and was admitted as an Advocate of the High Court of South Africa. She completed a further Masters by Research at The University of Notre Dame titled ‘Future Digital Money: The Legal Status and Regulation of Bitcoin in Australia’. She is also currently completing her PhD. Through her research in the area of digital currency regulation and innovative approaches, she was named a finalist in the Lawyers Weekly Australian Law Awards.
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Check out How Blockchain Could Create Greater Trust in The Real Estate Industry
The future of blockchain is now. And its very nature threatens to render the traditional role of lawyer as trusted intermediary obsolete. At the same time, it offers many new practice opportunities for a blockchain-savvy lawyer. How do you redefine your value proposition in the age of blockchain? Answer this question and your future is secure.
Frequently asked questions
The course has been developed by TecStack and is CPD approved by the Legal Practice Board of WA.
This course is non-technical and does not require any knowledge about Blockchain Technology.
CPD Accredited Courses. CPD stands for Continuing Professional Development. It refers to the process of tracking and documenting the skills, knowledge and experience that you gain both formally and informally as you work, beyond any initial training. It’s a record of what you experience, learn and then apply.
This 2-hour short course is delivered online, or offline in a professional classroom training environment. Please contact us for exclusive corporate in-house training for your team.
$299 / pp + GST
Payment is required upfront to reserve your spot. Please refer to our Terms & Conditions.
- Blockchain is one of the emerging technologies that lawyers need to explore because it helps prove authenticity, integrity, completion of a process, transparency, etc.
- Blockchain technology holds promise for many other applications including real estate deals, portable secure health records, and financial transactions.
- Blockchain is a transformative technology that is possibly revolutionising various industries and business processes. Read more
Blockchain is a distributed digital ledger technology. Records stored on the blockchain are immutable which provide transparency and trust in the network. This rapidly growing emerging technology is changing the way we do business. To learn more about what blockchain is check out this video.
Distributed ledger technology is being used across wide range of industries such as:
Fintech, Supply chain, Finance, Agriculture, Health care, Governments, Entertainment, Real Estate, Travel, e-Commerce, Insurance, Legal, Digital Identity and many more.
TecStack professional trainings are delivered by experienced industry experts and lecturers. Please refer to our team to learn more.
The ‘Blockchain for Lawyers’ course has been developed by Chinelle van der Westhuizen.
Chinelle is a lecturer in the School of Law at The University of Notre Dame and lectures Contract, Consumer and Banking Law. She completed her LLB and LLM at the University of Pretoria in South Africa and was admitted as an Advocate of the High Court of South Africa. She completed a further Masters by Research at The University of Notre Dame titled ‘Future Digital Money: The Legal Status and Regulation of Bitcoin in Australia’. She is also currently completing her PhD. Through her research in the area of digital currency regulation and innovative approaches, she was named a finalist in the Lawyers Weekly Australian Law Awards.
At present there is no course funding available. Please contact your employer to find out if they cover your continuing professional development.
Blockchain is an emerging technology this growing rapidly and will integrate with other technologies such as artificial intelligence and IoT. Up-skilling yourself in the emerging technologies will increase your chances of career opportunities in the future. McKinsey Global Institute predicts 800 million jobs will be lost by 2030 as technology advances and the world gets more and more automated.
Have you ever thought about whether your job is actually going to exist in 10 years time?