Combining Blockchain and AI to Make Smart Contracts Smarter

Blockchain, the technology behind smart contracts, and AI are quickly converging. Futurists claim this will produce an entirely new paradigm that forever changes how companies write contracts and conduct business. What changes, though, can we expect? The current state of smart contracts Smart contracts remove trade or service agreements from the realm of static documents that require constant human management. They transform them into automation tools that drive complex transactions between multiple parties. Residing on the blockchain, they actively monitor … Read More

Developing Standards for Legal Technologies

As internet legal service providers continue to eat away work from trained legal professionals, many have sounded warning cries on an impending “death of the traditional legal profession.” While the erosion of market share is real, the doomsday alarms are exaggerated. The fact is that the legal profession is experiencing massive change—not death throes. New technologies that enabled internet legal service providers to carve a niche for themselves also offer trained legal professionals tools with which they can strengthen their … Read More

Global Legal Blockchain Consortium Forms, Integra Ledger A Key Member

[Full article on: Artificial Lawyer] A new legal blockchain consortium has launched, involving an array of law firms and legal tech companies, including IBM Watson Legal and US law firms Baker Hostetler and Orrick. Meanwhile a new blockchain platform Integra Ledger, which is especially targeted at the legal market, and which is part of the consortium, is seeking to be the platform of choice for the coming legal blockchain revolution. The new Global Legal Blockchain Consortium (GLBC) set out its … Read More