BakerHostetler, LexPredict and Others Partner to Develop Blockchain 'Middle Layer'
Agreements Network is slated to serve as an arena for lawyers and others to build technologies using blockchain for ends like contracts, asset management and evidence storage.
July 26, 2018 at 03:01 PM
2 minute read
Photo: Shutterstock Blockchain has recently been touted as the secret sauce for a number of legal tech woes, and a host of legal and tech professionals are gathering to see if they can make it stick. Casey Kuhlman, CEO of Monax, told Legaltech News the Agreements Network tech has “been years in development,” but “ needed engagement from traditional legal services providers” to fulfill its goal of distributing and operating “technologically enabled 'legal products.' " Kuhlman said there's no payment required to join the test network, which is currently live and ready for people to test build their products. He did, however, note that to “formally join,” there's an expectation to partake in refinement efforts for the overall platform. The Agreements Network isn't Big Law's first foray in blockchain. The Accord Project (of which Clause and BakerHostetler are members) boasts Dentons, Linklaters, Holland & Knight and DLA Piper among its members. At the law school level, Yeshiva University's Benjamin N. Cardozo School of Law has its own effort, “The Blockchain Project,” which has already produced a startup for developing smart contract blockchain protocol. In July, CaseLines in the U.K. announced its effort to patent its application of blockchain in storing digital evidence .
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