On December 12th we started the Activity 1 called “Protocols and Self-Regulation,” introducing the Interactive Coin Offering as a use case for potential self-regulation on customer protection. This three steps activity started with an open discussion on our Slack, where a dedicated channel was open to discuss the Interactive Coin Offering. We shared the material of study on the channel, some members started a draft, and questions were submitted by Lawyers of the community in preparation to the Q&A session with our guests from the Interactive Coin Offering Protocol.

On December 21st, 2017 we held a Q&A session with Jason Teutsch (Truebit) and Christopher Brown C. Brown (Modular) to answer questions from LegalBlock Community Members. The questions arose during the first step of the activity, described above. Gathering these questions in advance guided us to prepare the session, including information on the general level of knowledge on the subject.

Here is the recorded video

Summary:

We started the session with a brief introduction of our guests and a description of the Interactive Coin Offering protocol. After defining some basic concepts, the conversation was increasing the level to introduce the questions related to regulation submitted in advance by the Lawyers from LegalBlock community.

Before closing the session, Federico Ast (Kleros) our bonus guest, was invited to talk about Kleros’ use case for Token Sale disputes, covering the topic of protocols and self-regulation.

Highlights:

Transparency, Universal Right to Participation and KYC best practices were three of the relevant topics if we have to reach a conclusion, where KYC best practices was by far the most productive topic of discussion.

The KYC best practices exchange was especially interesting, and it is a topic suitable to be expanded exploring the options discussed during the session.

Next Steps:

The outcome of this activity is a final Report and Recommendations produced by Designated Lawyers from LegalBlock. Based on the expectations The Final Report should focus on KYC implementations and best practices to complement the benefits of the Interactive Coin Offering.

Participation:

The postulations to be part of the Final Report on the Interactive Coin Offering Protocol and Self-Regulation is open to LegalBlock community members. We are using a simple voting system at this moment. If you find yourself with the ideal qualifications to participate as a co-author please contact us. The voting period is open now.

Survey:

An exit survey was completed anonymously by the attendees of the Q&A session. We did not get a perfect 10 on the first call, and we are glad to see the high level of demand by the participants. The optional question “What would help make this kind of activities more effective” was the one that brought us the most relevant piece of feedback and motivation to improve. More participation of the attendees, the possibility to hear more voices interacting, a transcription for further study of the session were some of the valuable recommendations we have received from the attendees.

_____

LegalBlock is a Blockchain Legal Community. We propose a Community Structure, coordinated by Catalysts promoting Collective Wisdom. Learn more: our Conceptual Paper Register here to join and participate Follow us on Twitter and Reddit

DISCLAIMER: Blockchain is a disruptive technology that introduces several doubts about its legal nature. LegalBlock aims at being an open forum in which its members and invitees can share views and comments on such technology and its impact on different legal systems. *However, the views and discussions expressed in LegalBlock are merely personal and do NOT constitute legal advice of any sort and do NOT necessarily reflect those of the LegalBlock.*