In Business..
..they say you need a good accountant and a great lawyer. (Crypto is the accountant.) However on the legal side, never has this age old adage been more true than in the 21st Century Wild West of Crypto-world.
Startups require a solid legal foundation and often need to be regulated in the same way as financial institutions. They need legal and compliance solutions, but the old institutions are still buried under reams of paper, largely unaware of the technology and the regulatory / legal requirements of this still emerging sector. There is a smart solution on the horizon and it's arrived just in the nick of time, given the depth of the lack of experience in the existing legal world.
Straight from Crytpo Valley in Switzerland
comes SmartOne; composed of a highly experienced community of legal academics and BlockChain specialist developers with a common goal and a highly disruptive approach. They are miles ahead of the field and are about to launch an exciting, (and much needed component) of the crypto ecosystem. It's not just another token and it promises to fundamentally change the legal sector ! The project's organisers predict that legal solutions for the crypto community could generate $50bn in revenue for TGE's. (token generating events) alone.
Building an Ecosystem
LEGAL; an Erc20 smart contract Ethereum token will be the the system's fireproof liquidity for it's members. A dynamic, interlinked ecosystem has been developed around the LEGAL token, aimed at providing a go-to platform of consulting legal services for the entire sector. If you take a careful look at the diagram below, you'll see it resembles an oceanic trophic web; a complex food web connecting service providers with research and development to finance and regulation. In this case, the ecosystem metaphor stands up to the definition. Members or token holders will be entitled to discounts for services, free documentation and free legal advice. Premium holders of large amounts of tokens will be entitled to free TGE analysis.
Knowledge experts will be able to contribute their expertise in exchange for a percentage of the project's tokens. The ecosystem is populated by 21st Century lawyers. Consultants who truly understand the BlockChain sector and the crypto communities needs.
Old vs New
The old institutions of law and finance don't yet understand the true scope or fundamental advantages BlockChain technology offers, so concepts like document automation or one off fees as a much needed evolution of time based billing are truly revolutionary thinking in the industry. Perhaps it seems obvious to the reader too, for me it's another example of an elegant solution; a positive, socially progressive and ultra-modern component of the growing BlockChain revolution, which will eventually touch all areas of life and business.
As the sector rapidly matures and enters the mainstream business world, part of Smartone's offering is the ability to offer analyses of Token Generating Events (TGE's) on behalf of an initial project's developers, then help develop & define project launches with robust legal foundations, in order to attract the right investors.
Ecosystem Partners
SmartOne have developed strategic partnerships with existing service providers to provide the ecosystem's bulletproof tech components.
- Nextlex develops cloud based automation software for documents and contracts, implementing risk management and compliance protocols.
- SKUANI is a digital marketplace available in 5 language providing the marketplace upon which to sell SmartOne services.
- Legal One, Switzerland's first digital law firm provide TGE analysis for full confidence and legally robust project launches.
Navigating the Stormy Seas of Crypto World
New laws and regulations relating to the crypto sector are being considered and delivered into statute books across world at this moment and there are various levels of legal uncertainty about the status of many emerging projects. Without proper guidance and due diligence, many startups in the sector, no matter how the good their ideas and concepts are, may end up rapidly becoming wasted opportunities for the would be investors and cryptopreneurs alike. (phrase coined.) So when I say SmartOne is being launched just in the nick of time, I think that's a fair observation.
Token Launch Details 30th October 2017
Just a final thought
Perhaps in time as their Roadmap suggests, SmartOne will also evolve to become the de-facto consultancy platform for the many governments, NGO's and large public body institutions around the world currently wrestling with the emerging, immediate and future consequences of the BlockChain Revolution.
Road Map in Detail
this article is intended for informational and entertainment purposes only. It is not an endorsement of Smartone. Potential investors considering investing in any project, ICO or token offering, should conduct their own research, due diligence and not rely solely on the information provided by third parties.
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