This week, Jorrin Bruns (Support Engineer, Parity Technologies) is joined by Chrissy Hill, General Counsel, and Alica Schiffhauer, Legal Operations Specialist, from Parity’s legal team. This episode focuses on the legal side of Web3 and all that it entails, including the challenges of working within compliance for a codebase with no existing legal precedent.
They discuss the unique aspects of working within Web3 law, such as needing a working knowledge of complex technology, blockchain-specific terminology, staying on top of evolving blockchain regulation, as well as their recommendation to become familiar with the legal side of the blockchain space. In addition, you'll learn how legal teams support Web3, by bridging the gap between national laws (to avoid what happened with FTX, for example), identifying and mitigating risks, and how accountability works for breaches of the law within a decentralized system.
00:50 The journey from Web2 to Web3 legal
07:30 Working for a legal team in a blockchain company
17:50 Challenges as legal professionals within the blockchain space
25: 45 How Parity and the wider ecosystem benefits from legal knowledge
27:00 Compliance for a codebase with no exciting legal precedence
32:00 Open source licensing 101
37:00 DIsadvantages of open source licensing
40:45 Deciding on GPL as the license for Polkadot and Kusama
44:30 How to learn more about DOT morphing into software
47:00 Cross-ecosystem collaboration across legal teams
50:20 Code is law philosophy vs. rule of law