Dear university law students - in fact, to all university students and university professors - how would you react if somebody tell you right now that in five to ten years from now… there won´t be any courts as we know them nowadays? Or what would you think if somebody tell you that in our near future, the job of lawyers and juries will have completely shifted? Or that maybe… just maybe; our world would not need more lawyers at all!! Well; this questions might be a real issue because of the decentralized, secure and bright future technology of Blockchain.
I can tell you that I know how you are feeling right now. This questions came to my mind and shock my world just one month before finishing my law degree in the Catholic University of Córdoba, Argentina. It all started back in 2018 while I was having my delicious typical-argentinian drink - “Mate” - and checking my Twitter feed. For those who don´t know what “mate” is, we are here talking about an herbal tea made from the leaves and twigs of the Ilex paraguariensis plant. This leaves are typically dried over fire, then steeped in hot water to make the tea traditionally consumed from a container called a gourd and sipped with a metal straw that has a filter at its lower end to strain out the leaf fragments. Usually in South America sharing the “mate” is a sign of friendship and bonding; and it’s said to have the strength of coffee, the health benefits of tea, and the joy of chocolate. During my drinking & enjoying-“mate”-time, a sudden tweet from “Universidad Austral” (University from Buenos Aires, Argentina) came up in my IPhone 6 screen.
This prestigious university was offering in the Coursera online-platform a free course about “The disruption of Blockchain” (https://www.coursera.org/learn/blockchain-espanol). By that time obviously I haven´t had any idea what Blockchain was other than hearing that Bitcoin had hit 20,000 USD in 2017. I attended this online course lectured by Ph. D. Federico Ast and I can tell you that this shocking Blockchain technology definitely blow my mind. After searching more courses from Mr. Ast, I found out about Kleros (https://kleros.io/). This blockchain project was like a “fork on the road” for myself; I truly started thinking about a completely different future for lawyers.
My very first interaction with blockchain was the experiment analysis from Kleros called “Doges on trial” (https://dogesontrial.dog/)… a techno contest which consisted in listing “memes” of Doges through the Ethereum mainnet an trying to input a cat as a fake doge. The price for who inserted a cat in the platform was 50 ETH (800 USD by that time – a lot of money for a law student from Argentina). So I participated and introduced myself in a fresh techno world during my 24 years old life. I got into Ethereum, MetaMask, Dogecoin, Bitfinex, and other blockchain important issues. I couldn´t win the 50 ETH but no matter what, I will always be grateful to Kleros and that “Doges in trial” contest because it was my very first practical introduction into Blockchain. I remember I was so excited about Kleros that I even “stacked” their PNK token. Unfortunately due to my lack of technical knowledge, I had no idea what I was actually doing… I remember this one day that I needed those few dollars that I had in PNK, but I couldn´t sell them because they were “stacked” and I just freak out. I even contacted Mr. Ast through Twitter Messages asking for advice and he was so helpful. That was so embarrassing for me that departed myself from blockchain for a while and I decided to finish my law studies in Argentina. But just two months later, I needed to be back on track with blockchain. So I started thinking about how to make money despite my “technical knowledge limits”… and started crypto trading. I bought some ETH through “Ripio” (an Argentinian crypto exchange); them some Litecoin & some Ripple…
Since them, I try to learn as much as I can about Blockchain, Smart Contracts & Solidity, other projects, and of course I still do crypto trading as my source of income. What I am trying to tell you dear student – or not – it´s that Blockchain Technology has arrived and it´s going to change the world as we know it nowadays. So grab yourself to your laptop and do your research, learn courses, renew your know-how technical ideas and ignore your fears; because the blockchain future is bright as pure gold.
So how is Kleros going to change the law of the future?
Kleros is a blockchain-based organization that works as a decentralized protocol platform integrated with the Ethereum ecosystem and beyond. Kleros assures an online court system secured by cryptography and game theory, providing an democratize access to justice. With Kleros, all types of contracts can be arbitrate disputed... from the most complicated to the simplest. Such as consumer protection, freelancing claims, intellectual property, content moderation, E-Commerce, Finance & Cryptocurrencies, and much more.
Thanks for reading.
Written by Guenter Schramm Tronca.
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