Skip to main content

A Day in the Life: Global Legal Blockchain Consortium

I had the pleasure of attending the Global Legal Blockchain Consortium's annual meeting yesterday (see #GLBC18 on Twitter). Comprised of law firms, companies and law schools, this organization essentially tools around with blockchain applications in the legal services space (dream job!). The first hour and a half were updates on the Consortium's technical findings and practical application findings. The latter three hours were presentations and demos of different blockchain applications. I think the biggest takeaway from the day was that document identification, management and verification are prime areas for distributed ledger technologies in the legal industry.

I've highlighted some of the presenters that I found especially interesting below. I encourage you to check them out!

ServeManager
This is a popular tool for process servers that is designed to solve the problem of a lack of transparency in the service processing business. The proof of concept provides stakeholders with access to verifiable, untampered service of process data. Find out more here.

IBM Watson
AI, AI, AI. Watson is an enterprise solution that leverages artificial intelligence to bring about efficiencies but also new lines of business in the legal services space (and other industries). AI is only as good as the data upon which it acts and blockchain is viewed as the solution to the problem of data integrity. Read up on the IBM Watson blog.

Legaler
Legaler aims to solve the global problem of access to justice by making it easy for users to build out applications (presumably ones that address the problem) using its blockchain infrastructure and tools. From tokenized crowdsourcing to lawyer verification, the realm of possible applications is vast. Find out more about the Australian company and its work here.

#ADayintheLife #blockchain #IBM #ServeManager #Legaler #Watson #documentmanagement #documentverification #documentidentification #LegalDocuments #events #AI

Comments

Post a Comment

Popular posts from this blog

Before You Mint Your NFT

With NFT season taking a bit of a breather (kinda), I thought this would be the perfect time to lay out a few things to consider before minting an NFT.  If you missed the frenzy, well, welcome. "NFT" stands for non-fungible token and these digital tokens represent real world ownership and provenance of a particular asset. NFTs are minted (i.e., produced), stored and transacted (bought/sold/traded) on a distributed ledger like blockchain. Some NFTs represent ownership of tangible assets and some NFTs are digital/virtual assets  (yes, a digital piece of art was purchased for $69M). "Non-fungibility" is a scary word but it essentially means that the asset is unique, cannot be interchanged with another asset, and cannot be replicated. Think of NFTs as either collectibles, like artwork and trading cards, or title to tangible/real property, like real estate and cars.  So with all the excitement having simmered down a bit, below are a few things to think about before you
6 comments
Read more

The Rundown on CBDCs

Everyday there is a news report about a country that is "exploring" or "studying" the possibility of developing a central bank digital currency (CBDC). In the past few days, I've read articles about Rwanda, Israel and France looking to pilot programs with CBDCs. And yesterday, the Bank of International Settlements announced its backing of the development of CBDCs. With approximately 80% of central banks around the world taking a closer look at CBDCs, now is as good a time as any to learn more about them. What Are They? A central bank digital currency is exactly what it sounds like--a digital currency issued by a central bank. In the same way our central bank, the Federal Reserve, issues the U.S. dollar, it would similarly issue some official U.S. digital currency ('digital dollar'). This is pretty much where the simplicity of it all ends. Things get really hairy (really fast) when central banks have to figure out how CBDCs fit into a traditional financ
9 comments
Read more

New home. Who dis?

This post will be short and not blockchain-related. I recently moved my blog to a new platform so I'm still working out the kinks on the aesthetic aspects. Thanks for your patience!
3 comments
Read more