How can the ongoing transformation in the legal landscape help SMEs (small and medium enterprises) in their international commercialization efforts? Up4Scale loves to help and support business scaling up. The world is constantly changing, and even more so recently (i.e. last 150 years), and mostly thanks to the way society’s organization has evolved: the creation of markets and money, in a nutshell, financialization. And with it, the paradigm shift on the legal world. Passing through the creation of the first financial instruments, such as useful contracts on services or money loans, merchants started to develop normative models such as the famous “Lex Mercatoria” or law merchant in order to manage different interests of somebody’s asserting his/her rights on the sold goods, ranging from fraud, bankruptcy to loan recovery and many others. At that time, they created a lot of soft- and hard-law regulations in order to solve issues related to commerce. Today, we still have the same needs. But world has changed a lot since those times willb appointed “pre-modern” society. Now, we have much more complex needs, due to globalization. For example, new technologies and global networks have created a dramatic change in the legal environment and normative systems. IT technology was the main driver of the recent change in the legal arena, building up a lawful environment that can boost up financial processes. It could have been a good application for that “Lex Mercatoria”, loved by merchants, if we could transport it in the 21st century, even if being an oversimplification in comparation with today’s legal environment. Thanks to the flourishing global digital transformation, global networks are experiencing -and still evolving- a “digital revolution” especially in the legal and financial ecosystems. We are already assist to the birth of new business models empowered by the current legal revolution, mostly related to finance and law. We are understanding how global players are taking advantage of the legal environment, using it in order to improve trade processes, produce new markets or simply to take benefits in an unfair way. The refered article “The revolution in the legal arena. Architecting tomorrow’s solutions” by Huw Evans explains us what we are talking about. The legal revolution can successfully help businesses to scale up and to be connected with all key actor in the financial world and in International Trade. What is needed is that SMEs understand how to take advantage of it on their business model. The digital transformation of the legal sector should boost commercial activities of SMEs and help them to succeed in international markets. Nowadays, SMEs can not only use the Net to develop marketing strategies or sales processes, but also they can fully integrate that tool in their very own business model, starting to overpass the classical retail paradigm, to engage consumers and to sell their own products or services in many new ways. Companies that are engaged in the legal revolution can support SMEs in these strategies, by transferring them into new tools and innovations that can facilitate the way to digital transformation. An example? Future banks and cryptocurrency exchanges. The classical idea of a bank is totally different from a digital bank based on blockchain technology. This technology is the key to the legal revolution, making possible to register data in an irreversible way, creating a system of values, transactions and crypto-services that could boost the digital economy. And after that? We trust cultures will combine together for creating something that can approach the needs and the dreams of the society, while fighting to prevent negative impact and guarding individuals’ rights and personal data.

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