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28 March 2018
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 acro
ss
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
READ MORE >
https://www.techradar.com/news/7-ways-blockchain-will-change-the-legal-industry-forever
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