Should YOU be a Blockchain Lawyer?
Your most practical guide to choosing Blockchain Law as a specialisation
When considering a specialization in blockchain law, there are various practical criteria to consider:
🎯 Interest and Curiosity: Do you find blockchain, cryptocurrencies, and smart contracts genuinely interesting? Are you willing to continually learn about these rapidly evolving technologies?
🎯 Technical Understanding: Are you comfortable with technical concepts and willing to improve your understanding of the underlying technology? While you don't need to be a computer scientist, a basic understanding of how blockchain and cryptocurrencies work is essential.
🎯 Regulatory Environment: Are you ready to work in a field that is highly affected by changes in laws and regulations? Blockchain law is still evolving, and regulatory updates can be frequent and global.
🎯 Job Market: Are there sufficient job opportunities in your location or in the locations you're willing to move to? Alternatively, are you comfortable working remotely? Many tech firms that deal with blockchain are open to remote work.
🎯 Work Timing: Are you okay with potentially irregular hours? As cryptocurrencies and blockchain are global and operate 24/7, there may be times when work hours could be outside the standard 9-5 routine.
🎯 Risk Tolerance: Are you comfortable with some level of uncertainty? Due to the evolving nature of the field, some projects might exist in a legal gray area, which could involve a higher risk compared to other areas of law.
🚩 As for red flags that blockchain law may not be for you:🚩
❌ Lack of Interest in Technology: If you don't have a genuine interest in blockchain technology and its potential uses, you might struggle to keep up with the rapid pace of change in this field.
❌ Discomfort with Ambiguity: Given the new and dynamic nature of blockchain technology, the law in this area is continually evolving and can be uncertain. If you're uncomfortable dealing with ambiguous situations or interpreting unsettled law, this might not be the field for you.
❌ Limited Adaptability: If you are someone who struggles with change, the ever-evolving nature of blockchain technology, and its legislation might be overwhelming.
❌ Risk Aversion: While all fields of law involve some level of risk, the legal questions surrounding blockchain technologies can be particularly complex and uncertain, which could lead to higher levels of risk.
❌ Reliance on Traditional Structure: If you're attracted to traditional hierarchies and well-established areas of practice, the comparatively new and unsettled field of blockchain law might be unsettling.
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