“The stakes on the blockchain are as much technical, financial as legal”

Established in 1968 with just 14 lawyers, Kramer Levin Naftalis & Frankel LLP has grown into nearly 300 attorneys with offices in Silicon Valley, Paris, and New York. However despite its size, Kramer Levin Naftalis & Frankel LLP has garnered recognition for its human and friendly work environment and outstanding pro bono initiatives for the community. The firm represents both public and private companies ranging from Global 1000 to middle-market and emerging growth companies — across a broad range of industries, as well as funds, institutions and individuals. Its renowned team of lawyers are dedicated and focused on the success of their clients, but one of them has turned his eyes to the success of something bigger; the blockchain.

The Law and The Blockchain

Meet Hubert de Vauplane; Professor at the Paris Institute for Political Sciences, Partner at Kramer Levin Naftalis & Frankel LLP — co-leads the Alternative Investment Management practice, and ConnectJob’s legal advisor.

Hubert has over 30 years experience in the banking and financial sector, both as counsel and as a trader, and is one of Europe’s leading expert on financial and banking regulations, FinTech, blockchain and cryptocurrency assets, asset management, payment and banking services. He has been with the AMF [The French Financial Markets Regulator], the European Commission, the Bank of England and the European Central Bank. Having written several papers critically examining legal frameworks for digital assets and their application, Hubert encompassing knowledge on the subject is helping to shape and establish regulatory frameworks for the Fintech industry.

Utilizing blockchain technology, FinTech startups have achieved unprecedented success in the development of mobile payment systems that are not only challenging traditional banking services, but also empowering the creation of a brand new industry based on disintermediation of functions. This multi-billion dollar industry is based on peer-to-peer interactions and mostly guided by smart contracts that enforces mutually agreed upon terms with no third-party interferences.

Hubert views smart contracts as “the most promising development” on the blockchain. “The numerical and automated nature of the contract makes it possible for two partners to establish a commercial relationship without having to trust each other beforehand, central authority or intervention”. His thorough review of the law and blockchain establishing that “the law applicable to the (block)chain is the law designated by the parties (involved)” and continued advocacy for the use of blockchain technology to improve financial transactions transparency is one of the key pillars behind ConnectJob’s continuing success.

ConnectJob, A Smart Ecosystem

Smart contracts are computer protocols that execute the terms of a contract (for example, a loan of money, a bond issue or share issue, but also a vote, a marriage or any other type of contract!). The automation of agreement eliminates one of the greatest obstacle in any transaction, honesty.

“It is indeed the system itself, and not its agents, that guarantees the honesty of the transaction”.

Honesty is not only important for financial transactions, it is also key to building one’s reputation especially in the rising gig economy. The gig economy has enabled people from all over the world to engage each other regardless of time and space. However, this emerging economy is fraught with risks ranging from dubious identities to fake reputations, contract defaults, and an opaque system that barely communicates required information to its users. Analysts currently estimate this industry to be worth upwards of $900 billion with potentials to more than triple these figures, if only it can find a way of addressing these problems. ConnectJob is developing a decentralized jobbing platform for the exchange of services and values. Backed by legally-compliant smart contracts for every service engagement on the platform, ConnectJob allows professional jobbers to connect with service seekers in their locality through geolocation.

ConnectJob successfully carried out a three months long test launched of its platform in Eastern Europe. The platform is now ready for deployment in major cities globally and is offering its CJT tokens at 20% discount to all contributors from 12/01/2017 to 02/11/2018. Tokens can be purchased using Ethereum (ETH), Bitcoin (BTC), Litecoin (LTC), Dash (DASH), or in fiat (USD/EUR) at 2400 CJT per ETH.

For more information please visit: http://ico.connectjob.io/

Media Contact: media@connectjob.io

Suites 7B & 8B, 50 Town Range, Gibraltar / +44 203 936 2998