{"id":698,"date":"2018-09-16T19:42:36","date_gmt":"2018-09-16T23:42:36","guid":{"rendered":"https:\/\/www.amp.legal\/blog\/?p=698"},"modified":"2018-09-21T14:46:47","modified_gmt":"2018-09-21T18:46:47","slug":"blockchain-enhances-legal-services","status":"publish","type":"post","link":"https:\/\/www.amp.legal\/blog\/blockchain-enhances-legal-services\/","title":{"rendered":"Blockchain Enhances Legal Services"},"content":{"rendered":"<p>The legal industry is starting to\u00a0notice the effects of new blockchain technologies. Companies that offer traditional legal services are exploring ways to integrate blockchain tech into their business applications. In the meantime, lawyers are starting to use blockchain-based protocols to create and manage legal documents.<\/p>\n<p>An article from CoinCentral,\u00a0<a href=\"https:\/\/coincentral.com\/blockchain-and-law\/\" target=\"_blank\" rel=\"noopener noreferrer\"><em>How Blockchain and Law Can Work Together<\/em><\/a>, by Sarah Rothrie, provides some examples of how blockchain will change the legal industry. The blockchain services include:<\/p>\n<ul>\n<li><strong>Proof of service<\/strong> \u2013 uses digital tags to track service documents and supplies verifiable proof of delivery.<\/li>\n<li><strong>Chain of custody<\/strong> &#8211; traces the movements of items and provides a reliable trail to prevent tampering.<\/li>\n<li><strong>Intellectual property<\/strong> &#8211; creates a record of a registration and licensing of all rights.<\/li>\n<li><strong>Notarization<\/strong> \u2013 authenticates transactions with biometric data.<\/li>\n<li><strong>Smart document<\/strong>\u00a0\u2013 allows parties to embed transactions related to an agreement into the document.<\/li>\n<\/ul>\n<h3>Blockchain for Lawyers<\/h3>\n<p>Lawyers\u00a0are using blockchain for managing legal documents. Two emerging platforms, <a href=\"https:\/\/openlaw.io\/\" target=\"_blank\" rel=\"noopener noreferrer\">OpenLaw<\/a> and <a href=\"http:\/\/integraledger.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">Integra<\/a>, allow lawyers to integrate blockchain tech into their law practices.<\/p>\n<p>OpenLaw links the concepts of traditional legal agreements with blockchain-based <a href=\"https:\/\/www.amp.legal\/blog\/smart-contracts-use-code-to-enforce-terms\/\">smart contracts<\/a>. This open-source platform\u00a0uses the <a href=\"https:\/\/www.ethereum.org\/\" target=\"_blank\" rel=\"noopener noreferrer\">Ethereum<\/a> blockchain. The platform provides a legally compliant ecosystem that is user-friendly for lawyers.<\/p>\n<p>Using OpenLaw, lawyers can access templates for legal documents or create templates using a markup language. Once all of the parties digitally sign the agreement, a cryptographic hash of the agreement is recorded to the blockchain.<\/p>\n<p>Integra uses a permissioned blockchain platform that focuses on the integrity and security of legal data. This platform\u00a0uses the open source\u00a0Hyperledger\u00a0Fabric blockchain, and the\u00a0host is the IBM Blockchain Platform.\u00a0As reported by\u00a0<a href=\"https:\/\/www.mintdice.com\/blog\/top-5-blockchain-stocks\" target=\"_blank\" rel=\"noopener noreferrer\">MintDice<\/a>, IBM has made significant investments in blockchain development. As a winning strategy,\u00a0IBM made\u00a0several bold moves\u00a0with enterprise payment solutions that established dominance in the cryptocurrency industry.<\/p>\n<p>Integra promotes its platform as a \u201cblockchain for law\u201d and\u00a0receives guidance from the Global Legal Blockchain Consortium\u00a0(GLBC). The GLBC collaborates with organizations to\u00a0develop\u00a0blockchain technologies. Thomson Reuters, a GLBC member, <a href=\"https:\/\/www.artificiallawyer.com\/2018\/08\/20\/trs-contract-express-builds-smart-documents-with-integra-ledger\/\" target=\"_blank\" rel=\"noopener noreferrer\">announced an enhancement<\/a> to its Contract Express application\u00a0with Integra Ledger\u00a0by using\u00a0blockchain IDs to transform documents into \u201csmart documents.\u201d<\/p>\n<figure id=\"attachment_700\" aria-describedby=\"caption-attachment-700\" style=\"width: 749px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/www.youtube.com\/watch?time_continue=5&amp;v=3RYU3ZQY3ys\" target=\"_blank\" rel=\"noopener noreferrer\"><img decoding=\"async\" loading=\"lazy\" class=\"wp-image-700 size-full\" src=\"https:\/\/www.amp.legal\/blog\/wp-content\/uploads\/2018\/09\/Integra.jpg\" alt=\"Integra Blockchain\" width=\"749\" height=\"428\" srcset=\"https:\/\/www.amp.legal\/blog\/wp-content\/uploads\/2018\/09\/Integra.jpg 749w, https:\/\/www.amp.legal\/blog\/wp-content\/uploads\/2018\/09\/Integra-300x171.jpg 300w, https:\/\/www.amp.legal\/blog\/wp-content\/uploads\/2018\/09\/Integra-700x400.jpg 700w, https:\/\/www.amp.legal\/blog\/wp-content\/uploads\/2018\/09\/Integra-520x297.jpg 520w, https:\/\/www.amp.legal\/blog\/wp-content\/uploads\/2018\/09\/Integra-360x206.jpg 360w, https:\/\/www.amp.legal\/blog\/wp-content\/uploads\/2018\/09\/Integra-250x143.jpg 250w, https:\/\/www.amp.legal\/blog\/wp-content\/uploads\/2018\/09\/Integra-100x57.jpg 100w\" sizes=\"(max-width: 749px) 100vw, 749px\" \/><\/a><figcaption id=\"caption-attachment-700\" class=\"wp-caption-text\"><a href=\"https:\/\/www.youtube.com\/watch?time_continue=5&amp;v=3RYU3ZQY3ys\" target=\"_blank\" rel=\"noopener noreferrer\">Integra &#8211; Contract Express &#8211; Smart Document Demo (on YouTube)<\/a><\/figcaption><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>The legal industry is starting to\u00a0notice the effects of new blockchain technologies. Companies that offer traditional legal services are exploring ways to integrate blockchain tech into their business applications. In the meantime, lawyers are starting [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":699,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[35],"tags":[34,94,61,95,58],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Blockchain Enhances Legal Services - Cyber Law Blog<\/title>\n<meta name=\"description\" content=\"Cyber Law Blog explores legal topics with technology including privacy law and cybersecurity.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.amp.legal\/blog\/blockchain-enhances-legal-services\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Blockchain Enhances Legal Services - Cyber Law Blog\" \/>\n<meta property=\"og:description\" content=\"Cyber Law Blog explores legal topics with technology including privacy law and cybersecurity.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.amp.legal\/blog\/blockchain-enhances-legal-services\/\" \/>\n<meta property=\"og:site_name\" content=\"Cyber Law Blog\" \/>\n<meta property=\"article:published_time\" content=\"2018-09-16T23:42:36+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2018-09-21T18:46:47+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.amp.legal\/blog\/wp-content\/uploads\/2018\/09\/GridWorld.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"900\" \/>\n\t<meta property=\"og:image:height\" content=\"500\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Alice M. Porch, Esq., CIPP\/US, C|EH, Security+\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Alice M. Porch, Esq., CIPP\/US, C|EH, Security+\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.amp.legal\/blog\/blockchain-enhances-legal-services\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.amp.legal\/blog\/blockchain-enhances-legal-services\/\"},\"author\":{\"name\":\"Alice M. 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