7 Ways BlockChain Will Change The Legal Profession Forever

7 ways blockchain will change the legal industry forever

By Jonas DeMuro January 18, 2018

Blockchain technology has received quite a bit of attention over the last year, with the potential to be a transformative force across multiple diverse industries. At the heart of this is the blockchain itself which offers a technique to create and maintain an immutable – but also transparent – distributed and shared ledger to be able to store information in. . .

 

 

The  blockchain has the ability to disrupt the practice of law, and drag it into the current century – there’s already a Global Legal Blockchain Consortium which seeks to standardize and promote its adoption.

 

 

Here are seven ways in which the blockchain will make a big impact on the legal world.

1. Smart contracts

2. Intellectual property

3. Blockchain law

4. Property rights

5. Chain of custody

6. Financial transactions

7. Notary public

 

 

 

 

 

 

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