“I think the Wild West of non-compliant token sales is over, thankfully. I think from a securities law perspective, it’s very exciting actually because it’ll make the capital markets more accessible. We talk a lot about financial inclusion in the blockchain industry, and I think this is actually it. With a caveat that it still has to be compliant with securities laws.”
Alexandra Levin Kramer has three degrees, which is probably a huge help since she’s working on three different enterprises in the blockchain space right now. She’s a practicing lawyer and partner at CKR law in NYC and the Founding Chair of its Blockchain Technology + Digital Currency practice group. She also co-founded Women On the Block, which hosts blockchain conferences around the world. And, she’s Co-founder of Womin.io that uses blockchain technology to enable freelancers and employers to interact peer to peer through its decentralized platform.
Women on the Block
Alexandra has been in the space for a few years now, but this past January when there was negative press about the crypto space that emphasized lambos and yachts with party girls, making it look like the blockchain world was a boys club, it bothered her. That wasn’t her experience and she thought if she, as a female had been just starting her career and had that impression, that she would have run for the hills. So she wanted to do something about it. So she co-founded Women On the Block, to welcome women into the space and promote diversity in blockchain.
Through learning about the power of blockchain – she even took a coding course – and realizing that it can have a huge impact, Alexandra decided to create her own blockchain startup. Womin.io uses decentralization and the ability to validate on a blockchain to put employee history verification into code that will allow easy access to an online market of employees.
One of the points she makes about smart contracts is that they are really just a starting point.
“In an actual legal agreement, you can’t cover every possible contingency and similarly in a smart contract, there are going to be things that happen that are not foreseeable under the code. That’s where other issues like governance and some degree of centralization will have to come in, but I think the potential is fantastic and I’m all for more efficiency, lower legal fees, lower legal costs. I think that’s better for everyone.”
Alexandra believes that some good use cases for smart contracts will be lease agreements, and employment and freelancer agreements.
She also talks to me about the differences between men and women. One of the things she mentions is that “women have a reticence to try new things or go out of their comfort zone.” And she also argues that there are studies that show diversity is an indicator of profitability.
What she recommends generally as that we make our own opportunities, learn something new every day. And she says she tries to live by a Jewish saying “Who is a wise person? One who learns from everyone.”
We also talk about:
• Security tokens and the SEC
• Intellectual property rights
• Smart contracts on public or private blockchain
• Lawyers and developers speaking the same language
• AI learning to automate dispute resolution
Women on the Block
Blockchain Conference in Singapore
Wednesday, November 14, 2018
Made it to Top 25 of Richard Branson’s Extreme Tech Challenge competition.