Starting a blockchain software business? Below is a checklist of some of the legal & business issues common to this emerging industry.
☐ Build off an existing platform like Ethereum
or create a new blockchain platform?
☐ Generally don't need permission to build but banks are keen on "permissioned" blockchains and integration partners may require agreements
☐ Open source or closed source? Generally "blockchain" = open source but there are other models (e.g. R3
☐ A combination of open source and closed source? Which parts?
☐ How will the blockchain be used? How will the software be used? Which open source license is most appropriate?
☐ Who will own contributions to the code? Will there be a "contributor license agreement"
☐ What about supporting assets like images, videos, etc.? Written agreements will help avoid conflicts later and ensure that a departing individual doesn't take their work with them.