The GLBC had its first annual meeting, showcasing demonstrations of practical use cases by a dozen vendors and other legal organizations including NetDocuments, Thomson Reuters, Association of Legal Administrators, and Wolters Kluwer.
Integra Ledger, the legal blockchain developer, is to unveil ‘smart lease’ technology which will allow real estate lawyers to add blockchain functionality to property contracts using existing document software platforms such as Microsoft Word.
Court cases have been won and lost based on whether prosecutors can establish the chain of custody, and it’s not uncommon to hear stories of evidence going missing or being accidentally destroyed. Using blockchain to store and to standardize all of this data could offer the same security as a paper trail but with less of the hassle.
The Global Legal Hackathon brings access to justice issues to an international stage and demonstrates how blockchain technology has the potential to deliver legal services “better, faster and cheaper.”