Piper Alderman’s partnership with the Lakeba Group has enabled it to be part of the power behind the start-up of the new Lakeba Future Hub, which is set to accelerate blockchain adoption and development by local businesses.
The new hub comprises a consortium of tech, law, tax and educational firms, all with a focus on blockchain and its benefits.
The new hub was officially launched at an event in Sydney last month.
“The Future Hub is an exciting new consortium of well-known and respected leaders in innovation. Being part of this hub will expose Piper Alderman to quality work with the consortium partners and enable us to unlock greater efficiencies on those projects,” said Michael Bacina, partner, Piper Alderman.
“Piper Alderman has been involved with Lakeba clients and has been the exclusive legal provider to their incubating businesses for some time. We’ve been involved with Lakeba before Future Hub launched and with consortium members committed to innovation and Blockchain, the process of joining Future Hub was not difficult at all.
“Our senior leadership are committed to forward thinking projects so the biggest challenge was keeping my speech at the launch event to less than 3 minutes.”
Commenting on how Piper Alderman will add to the Future Hub, Mr Bacina said: “We bring our legal, compliance and technical expertise in Blockchain technology and firm commercial focus to bear for Future Hub participants to help drive the adoption of Blockchain and other innovative technologies”.
“Our strategic goal is to drive Blockchain adoption with the least regulatory and legal friction to help clients unlock new and exciting paths to value and efficiency. Future Hub helps us do that even more effectively and to work closer with the other hub partners to achieve that goal,” he added.
“We are still at the earliest days of mainstream Blockchain adoption, but we will be seeing some significant changes in the coming years as a generation training in computer science starts to enter legal practice and as the wider world starts to realize the efficiencies blockchain technology brings to current inefficient processes.
“I’m proud to be a part of one of the leading law firms in this space and to help clients harness this coming disruption and change.”
Mr Bacina discussed more about blockchain and cryptocurrency innovations on last week’s episode of The Lawyers Weekly Show.
To tune in, click here.