Rocket Lawyer, ConsenSys Partner to Develop Legal-Specific Smart Contracts
The companies expect the blockchain-powered contract service for legal consumers, deemed Rocket Wallet, to be ready by early 2019.
September 07, 2018 at 10:30 AM
4 minute read
On-demand legal services and document assembly provider Rocket Lawyer has announced a partnership with blockchain developer ConsenSys to create a blockchain-powered smart contract service for its customers. The service, deemed Rocket Wallet, will leverage ConsenSys Openlaw, a blockchain-based protocol for legal agreements.
Rocket Wallet will essentially be one of the first uses of smart contracts, which automatically execute their terms on the blockchain without need of intermediaries, developed for the legal service market. Such contracts have almost exclusively been used in the cryptocurrency space in initial coin offerings (ICOs).
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