This year’s C1B3RWALL Academy 2021/22 is packed with fascinating lectures. We have already started Module 14, this time the speakers will address the topic of Legaltech.

Legaltech refers to the application of technologies in legal services. Xavier Foz Giralt from Roca Junyent, Pablo Fdez. Burgueño from PWC, Pedro T. Nevado-Batalla from the University of Salamanca, María Cecilia Dómine from the University of Montevideo, Duvi Teixidor from Poder Judicial Uruguay, from Colombia, Pablo Rodríguez Cárdenas from Rics management and Vanessa Jiménez from the UOC Universitat Oberta de Catalunya share with us very interesting presentations, where besides going deeper into this topic, they also introduce us to the world of blockchain, legal aspects, cryptoassets, some regulatory proposals or cybercrimes in cryptoassets.

Impact of blockchain on the financial system

One of the keynote lectures of this module is given by Vanessa Jiménez Serranía, she is a professor at the Universitat Oberta de Catalunya and in recent years has worked in several international law firms, focusing her legal practice on competition law, intellectual and industrial property, banking law and new technologies.

Vanessa explains that blockchain technology is centralized, which supposes a revolution in the field of financial law, since it produces a disruption in the traditional centralization of the financial system. From this centralized system we move to a distributed registry structure where there is no central authority. It provides great security in the traceability of transactions and speed of execution, which provides reliability.

Blockchain has a number of benefits, challenges and functions in the financial system:

  • Benefits: trust, ease of asset sharing, privacy, seamless organization, smart contracts, reduced transaction costs….
  • Challenges: exchange vulnerabilities, security incidents, regulatory problems, absences, interoperability…
  • Functions: possibility of point-to-point transmissions, ownership of user data, privacy protections…

Undoubtedly, blockchain offers an interesting panorama, especially its legal aspects, where Vanessa, as an expert, brings us closer to the reality and future of this technology. You can view the full presentation on the e4you website. Also, it is possible to deepen this knowledge by doing the Master in Blockchain and Smart Contracts of the University of Salamanca where she also participates as a teacher.

Posted by Juan M. Corchado

Juan Manuel Corchado (15 May 1971, Salamanca, Spain) is Professor at the University of Salamanca. He has been Vice-Rector for Research from 2013 to 2017 and Director of the Science Park of the University of Salamanca. Elected as Dean of the Faculty of Science twice, he holds a PhD in Computer Science from the University of Salamanca and a PhD in Artificial Intelligence from the University of the West of Scotland. He leads the renowned BISITE (Bioinformatics, Intelligent Systems and Educational Technology) Research Group, created in 2000. Director of the IoT Digital Innovation Hub and President of the AIR Institute, J. M. Corchado is also Visiting Professor at the Osaka Institute of Technology since January 2015, Visiting Professor at the Universiti Malaysia Kelantan and Member of the Advisory Group on Online Terrorist Propaganda of the European Counter Terrorism Centre (EUROPOL). J. M. Corchado has been president of the IEEE Systems, Man and Cybernetics Society, and academic coordinator of the University Institute for Research in Art and Animation Technology at the University of Salamanca, as well as researcher at the Universities of Paisley (UK), Vigo (Spain) and the Plymouth Marine Laboratory (UK). He currently combines all his activity with the direction of Master programmes in Security, Digital Animation, Mobile Telephony, Information Systems Management, Internet of Things, Social Media, 3D Design and Printing, Blockchain, Z System, Industry 4.0, Agile Project Management, and Smart Cities & Intelligent Buildings, at the University of Salamanca and his work as editor-in-chief of the journals ADCAIJ (Advances in Distributed Computing and Artificial Intelligence Journal), OJCST (Oriental Journal of Computer Science and Technology) or Electronics MDPI (Computer Science & Engineering section). J. M. Corchado mainly works on projects related to Artificial Intelligence, Machine Learning, Blockchain, IoT, Fog Computing, Edge Computing, Smart Cities, Smart Grids and Sentiment Analysis. He has recently been included in the board of trustees of the AstraZeneca Foundation, along with other health professionals and researchers recognised for bringing scientific knowledge closer to society.