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July 31, 2018, 04:46:13 AM |
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Lawfarm is making it easy for people to create and store legal contracts on the blockchain by:
1. Anonymizing legal contracts easily
2. Making it easy to store documents on the blockchain.
3. Developing legal smart contracts on the blockchain
Key characteristics:
1. Timestamps on all interactions of the contract
2. Signed with a private key accessible with key across the globe
3. Storage on blockchain
4. Recorded on blockchain
Blockchain technology is superior to traditional contracts because it is immutable and verifiable in who interacts with the document along with the history, allowing for multiple iterations from any part of the world with time-stamps for each amendment to the contract.
In our platform, lawyers and non-lawyers, will be given tools like legal templates, document automation etc. to help create legal agreements on the Blockchain. We envisage that people could create legal agreements on the platform in a similar way that tech developers today use Github.
To follow us, visit ico.lawfarm.in
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