Welcome to our comprehensive interview series – Humans of Blockchain™ where we get the best and brightest to answer a diverse set of questions.
This series will attempt to clear the air of doubt in the Blockchain space today by focusing on bringing more transparency to the readers.
Our guest today is Pascal Couturier, Lawyer, Consul, Managing Partner Yellaw, Founder Dodobank.
Pascal is a Lawyer, Legal Advocate by profession and also a Founder/ Managing Partner at:
- Yellaw – A law firm with representatives across the world
- Dodobank – A new legaltech subsidiary created for debt collection
Now lets hear it out from Pascal himself.
1. We would love to know about your journey Pascal. How did you end up being associated with the Blockchain segment?
Well, I have been in the legal sector for 35 years now and the market was not the same 30 years ago as it is today. Legal processes use a traditional mechanism to function but now the market is transitioning not only in France but all over the world that it is time now that we integrate technology factors into the legal system.
I was looking through different use cases and applications for mild traces of utility and that is how I came across Blockchain technology. And then, as anyone who discovers a new innovation, I was fascinated. I spoke about this new technology with Celine Moille, Lawyer, Co-Founder of Dodobank. She was initially not interested in this technology but now, after gathering her own information, she is a real specialist for this new technology.
2. Can you tell us more about Dodobank and Yellaw? We would love to know about their Vision and Mission.
Yellaw is an International Law Firm based in France, Paris, Kuala Lumpur, Singapore and most recently settled in New York. We are thinking that the market is moving at a right level and this was the right time to push towards Legaltech as a segment.
We wanted to be one of the first law firms to be incorporated for developing a Legaltech defense, so its a good strategy as this will keep us away from disruption in the near future. And that is why we managed to set up Dodobank. Dodobank is a Legaltech subsidiary specializing in debt collection. It is functional in France and Europe at the moment but we want to expand and offer our services to the world.
3. Is Dodobank currently using the Blockchain as a technology platform? What are your thoughts on Blockchain?
This Legaltech is not using Blockchain currently but we are thinking of integrating this new technology to our two new upcoming projects under Legaltech. And I think Blockchain technology is going to be a disruptive force in the legal sector.
4. What is the course that you think has been charted for Blockchain Adoption?
The thing is that at the same time while I was researching on this new technology, Malta decided to be one of the first state in the world which decided to adopt and regulate Blockchain technology. I was surprised and that is when I decided to go deeper into my exploration.
Blockchain initially was very interesting because there was no law or regulation keeping a system in place. It is kind of like the Forest. The forest is a very interesting place initially but after the first sheriff is appointed for the forest, a regulation is put in place telling the people that they “can” or “cannot” do that thing. At the Beginning it was very interesting because there was no rule. But now jurisdictions all across the world are developing a regulatory system and driving more adoption for main sectors driving their economy.
5. What are your views on the current cryptocurrency market? Any specific details on STO/ ICO?
Cryptocurrencies overall are considered as financial assets which go ‘up’ or ‘down’ but I don’t think that is the only relatable factor here. If you need to do something like an ICO for an example, you need regulation. For me however, the more interesting part here would be the technology governing cryptocurrencies.
Security Tokens, in the first stage, depend on the sales and more on what the project/ token is about. The interest of Malta for example – If you have a regulation, you know exactly what you are doing with a Security Token Offering, you have a definition for the security then the token is valid. If there is no definition for any security then there is no security which would mean the tokens being offered amount to a zero value.
6. What is the legal status for Blockchain and Cryptocurrencies in France?
France is a sovereign. Blockchain and cryptocurency is just the beginning. Regulators and the government are working towards adoption and making laws for the same.
7. What are your thoughts on the recent cryptocurrency market crash?
In the beginning of the upward curve, we had our doubts. The downfall was expected and currently the market is at a very low point but if you look at it from the technology’s perspective, the cryptocurrency market is attaining its intrinsic value to be very blunt. But offering any advice in the current bear market is not a good move. I reiterate again that the future of cryptocurrency or any use case is the technology driving these innovations – Blockchain.
8. Any last motivational words from your side for our audience?
This is a new era where this new technology brings about new ways of reaching out to the world. People can share experiences, information, meet and discuss at Summits like the one we are standing in because of this new invention.