Blockchain Technology – Blockchain is a decentralized database that stores information in blocks of information that are linked by encryption and expand over time. Each block of information contains information about the creation time and is linked to the previous block, along with a timecode and transaction data. Blockchain is designed to resist data change: Once the data has been accepted by the network, there is no way to change it.
The blockchain technology is similar to the database, only different in interacting with the database. To understand blockchain, it is necessary to understand the following five definitions: blockchain, distributed consensus mechanism (Distributed), trusted computing (trusted computing), smart contracts (smart contracts) and proof. proof of work. This computational model is the foundation of creating distributed applications.
Although currently there is no clear regulation of cryptocurrencies, but for creative works that exist on a blockchain technology platform like NFT, Vietnam already has a legal framework to protect the rights of authors. those products. IMG Law will protect property rights, intellectual property rights and other related rights such as modifications or breakthroughs to Blockchain technology, as well as prevent infringements of those rights for authors. Blockchain works that you create. Our team will ensure that the copyright of the invention will belong to you as well as advise you on the application of that invention in accordance with the law.
To best exploit the unique features of Blockchain technology, it is necessary to have a governance-control framework specific to organizations using this type of technology. IMG Law will advise, establish and build a governance – control framework for the optimal blockchain platform, complying with the law for organizations and businesses.
Although the law still has many incomplete, flawed, and overlapping regulations on the transaction of Blockchain technology and assets and works based on this technology, but now the transaction of all kinds of assets products, this work with a value of up to millions of dollars gradually became popular. Therefore, having a suitable transaction plan and complying with the law is an urgent requirement for the parties. IMG Law team will support you to get the best transaction plan as well as protect your rights when a dispute arises.
Blockchain technology is considered to have a great impact on many areas of life, and the use of this technology on a case-by-case basis can affect social relations and legal aspects. To avoid unnecessary legal problems, please contact IMG Law for advice. With a team of legal practitioners with many years of experience in many different legal fields, we will advise you on the law to give you peace of mind and convenience in using blockchain technology.
In the event that a dispute related to blockchain technology occurs, we will represent you to protect and regain your legitimate rights.
Free consultation 24/7
Instructions for preparing documents according to regulations
Checklist records in the most logical order
Notarized translation of legal documents
Compose information, secure and support tax work
Train the team and provide a secure and automated management system in blockchain governance.
Representing applicants to submit dossiers and work with competent agencies to handle disputes.
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