Uploaded on Nov 11, 2019
Blockchain in Legal Industry improves approval waiting time and resources for patents & trademarks handling and creates a record of peer-to-peer transactions without the need for a trusted authority. 40% of legal departments utilize automated contract management tools and tamper-proof and legally unassailable agreements based on smart contract technology.
Blockchain Use Case in Legal Industry - iFour Technolab Pvt. Ltd.
https://www.ifourtechnolab.com/legal-custom-software-development
USE CASES IN: LEGAL
INDUSTRY
https://www.ifourtechnolab.com/legal-custom-software-development
USE CASES IN: LEGAL
INDUSTRY
Blockchain in Legal Industry
Improves approval waiting time and resources for patents and trademarks handling
40% of legal departments utilize automated contract management tools
Creates a record of peer-to-peer transactions without the need for a trusted authority
Tamper-proof and legally unassailable agreements based on smart contract technology
https://www.ifourtechnolab.com/legal-custom-software-development
USE CASES IN: LEGAL
INDUSTRY
Blockchain in Legal Industry
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corporate filings
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for innocent parties
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institutions
Tamper-proof and legally unassailable agreements based on smart contract technology
https://www.ifourtechnolab.com/legal-custom-software-development
USE CASES IN: LEGAL
INDUSTRY
Use Case 1: Legal Records Management & Retrieval
Records created by blockchain could be shared among all the players in the system, from
law enforcement officers to parole officers
Benefits:
The public would have greater access to information
Permissions to view records can be set at various levels
An auditable trail of amendments to the documents would be
created
Interested parties could receive updates instantaneously
Record keeping would be greatly enhanced
Initiatives:
United Kingdom is poised to take the lead in taking a criminal justice system into the next generation
https://www.ifourtechnolab.com/legal-custom-software-development
USE CASES IN: LEGAL
INDUSTRY
Use Case 12: LDeigiatla Rl Ienctoerldlesc tMuanl aPgroepmeertnyt & Retrieval
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alanwd esynmfobrcoelsment officers to parole officers
Benefits:
Benefits:
The blockchain is redefining automation, security and contractual
aTghree peumbelinct swould have greater access to information
Blockchain binding the legal documents of user like: Signing authority, Lawyers, and Parties
Permissions to view records can be set at various levels
Minimize fraud & mistaken identities by tracking data like: birth, death, marital status &
cArnim aiundailt aabclteiv titryail of amendments to the documents would be
Tchreea dteadta is less likely to be breached and landowners could easily manage and transfer
rInigthetrsested parties could receive updates instantaneously
IniRteiacotirvde kse:eping would be greatly enhanced
NKOR - Promise to have a platform for registering intellectual property and ‘anchoring’ it to the blockchain
Initiatives:
https://www.ifourtechnolab.com/legal-custom-software-development
USE CASES IN: LEGAL
INDUSTRY
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arenlda tseydm dbeotlasils
Benefifits:
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agreements
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criminal activity
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rights
Initiatives:
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files
https://www.ifourtechnolab.com/legal-custom-software-development
USE CASES IN: LEGAL
INDUSTRY
Use Case 34: NCortaproyr aSter vFilcinegss
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areclcaetsesd details
BBeenneefifittss::
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EDnoccruympteendt sa ncda nli nbkee pdr etos ethrvee pdr devigioituasll ytr aasn spaacrtti oonf a digital ledger
LBolowcekrc thhaein c osestr voef cthoerp noereatde f ofirli ndgocument authentication
TBrlaoncskacchtaioinn sc acpaanb blee ocfo mmpalkeintegd n foatsatreyr saenrdv imceosr em eoffirec ieeanstillyy accessible and affordable
Historical transaction data can help to verify the authenticity of assets and prevent fraud
Initiatives:
Initiatives:
Blocknotary - Apply blockchain technology to legal documents, and offers “timestamps and fingerprints for media
Dfileelsaware - Taking a broader approach to solving the issues that face many corporations using the
blockchain
https://www.ifourtechnolab.com/legal-custom-software-development
USE CASES IN: LEGAL
INDUSTRY
UUssee C Caassee 5 4:: S Cmoarprto rCaotnet Frailicntg Rsegulation
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aincvcoelsvsement
Benefifits:
DInatetarm oned aia brlyo cskecrvhiaciens i so fm cornet racctu imraptele, mcoennstiastieonnt, ai ncdlu tdrai ngs pbarroeknetrs and agents, are no
longer needed
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HAuisttoomricaatel dtr acnonsatrcatciotns udsaeta t hcea nh ihgehleps to l evveerli foyf t dhaet au etnhcernytpictitoyn of assets and prevent fraud
Initiatives:
Initiatives:
In 2017, Arizona became the first state to recognize signatures issued on smart contracts as a legally
Dbienldaiwnagr aeg -r eTaekminegn ta broader approach to solving the issues that face many corporations using the
blockchain https://www.ifourtechnolab.com/legal-custom-software-development
USE CASES IN: LEGAL
INDUSTRY
What we offer?
Custom Blockchain mobile and software
Blockchain Consulting
Cryptocurrency (ICO)
https://www.ifourtechnolab.com/legal-custom-software-development
USE CASES IN: LEGAL
INDUSTRY
What we offer?
CustDoAmp pB lDocekvcehloapinm menotbile
and software
BHlyopcekrclheadigne Cr oSnesrvuilctieng
CSmryaprtto cCuornrternacyt D(ICevOe)lopment
https://www.ifourtechnolab.com/legal-custom-software-development
USE CASES IN: LEGAL
INDUSTRY
Contact Us
[email protected]
Follow Us :
https://www.ifourtechnolab.com/legal-custom-software-development
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