August marked the first anniversary of the formation of the Global Legal Blockchain Consortium, an organization created to drive the adoption and standardization of blockchain in the legal industry. In that time, the GLBC has grown to have 125 organizations from 20 countries as members and is the third-largest blockchain consortia in the…
Law Firms, Tech Companies, Join Forces to Help Launch Blockchain-Based Smart Contracts Platform
An international group of law firms and legal technology companies are joining forces as the first cohort to help launch a public, permissioned, blockchain-based, smart-contract management system, the Agreements Network.
The network is intended to serve as a decentralized platform for law firms to productize contracts as scalable “active” (or…
Blockchain Email Encryption and Version Control to be Unveiled Tomorrow
Two blockchain applications being unveiled tomorrow could be the first blockchain applications to gain widespread use in the legal industry, their developer says.
One enables automatic, blockchain-based PGP email encryption using a plug-in for Microsoft Outlook. The other is blockchain-based global version control for Microsoft Word documents, also provided via a plugin.
Both applications…
Wondering How Blockchain Can Be Used in Legal? Here’s One: Service of Process
In 2008, a scandal rocked New York’s process-serving industry. An investigation by New York City’s Department of Consumer Affairs of the high default rate in consumer credit cases found that disreputable process-serving companies were never actually serving process, but instead effectively tossing the papers in the sewer and filing false affidavits of service. The “sewer…
Why Blockchain is Becoming the New Black in Legal
A convergence of recent events underscore the growing importance of blockchain technology in the legal industry. In fact, during an event at the recent annual conference of the International Legal Technology Association, Bob Craig, CIO at Baker Hostetler, predicted that blockchain, more than any other technology, will drive the next wave of legal…
Consortium Formed to Drive Blockchain Adoption in Legal Industry
Bob Craig, chief information officer at Baker Hostetler, has a vision of a technology that will transform the business of law. That technology is blockchain.
Craig and his firm are part of a group of law firms and technology companies that this week announced the formation of the Global Legal Blockchain Consortium. The consortium…