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Will automated transactions increase efficiency and allow the legal industry to finally keep up with market demand? Can transactional lawyers turn their services into products? The Agreement’s Network has created a marketplace platform that invites lawyers to create and market legal products in an attempt to disrupt the $600 billion transactional law industry.
Alternative dispute resolution (ADR) proceedings are a popular means of resolving conflicts between parties outside of the traditional justice system. Traditional litigation, which is time-consuming and complex, very often is not a practical solution for disputes. ADR proceedings such as mediation and arbitration, offer less procedural overhead, may provide faster resolution to the dispute, and have a higher degree of confidentiality than litigation. They also allow the parties to choose arbitrators that are specialized and better suited to deal with the issues at hand. Moreover, the decision-making process encourages open participation (under the guidance of the arbitrators) by all the parties to achieve a more equitable result. Thus, both arbitration and mediation are widely employed to resolve disputes and negotiate matters.
The Shariyah Review Bureau, a leading international Sharia advisory agency licensed by the Central Bank of Bahrain, has granted the Stellar protocol a certificate of compliance with Sharia (Islamic) banking laws. The Stellar protocol and its native token XLM emerged as a non-profit alternative to Ripple and its associated XRP token in early 2014.