Blockchain technology can disrupt and radically change the legal and financial fields. This is the prediction of Alec Ross, former innovation adviser to Hillary Clinton when she was U.S. Secretary of State, in his new book "Industries of the Future".
In an interview with Sue Troy published in SearchCIO, Ross said that blockchain technology has the potential to remove "enormous amount of friction" in legal and financial processes, as well as other transactions by removing third-party involvement from legal and financial transactions. Blockchains can potentially eliminate gatekeepers, middlemen and trust from transactions. This will speed up legal and financial transactions and will lower costs of these transactions.
http://www.lawyerherald.com/articles/30287/20160128/blockchain-technology-radically-change-financial-legal-fields.htm
