Blockchain and law

blockchain and law

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Blockchain technology and it's effect on the legal industry
Blockchain- based technologies raise fundamental questions as to the nature of property, contracts and legal persons, which are being seriously revisited in. Blockchains are disintermediated and transnational. They are resilient and resistant to change, and enable people to store nonrepudiable data, pseudonymously. Blockchain, combined with smart contracts, has both challenges and opportunities for the real estate sector. On the one hand, it may improve.
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  • blockchain and law
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    calendar_month 24.05.2020
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    calendar_month 24.05.2020
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However the demand for transparent and verifiable transactions in the legal industry is especially apparent, and blockchain will likely play a large role in the future of law. By using the platform, all the notarized information can remain private, which of course, is key to patent law. Join us on our journey Platform update page Visit emeraldpublishing. Even the financial sector, which was the one most directly affected by the creation of the bitcoin currency and therefore the blockchain systems, considered this technology as an opportunity for improving their processes as well as lowering their expenses[ 1 ]. More than 1 million companies of U.