Blockchain research & industry insights

Take an in-depth look at blockchain technology's latest developments, projects and products.

The Agreements Network: Turning Legal Services into Legal Products

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.

Is Data on Blockchains GDPR Compliant?

The European Union’s General Data Protection Regulation (GDPR) was implemented on May 25, 2018. The regulation establishes one set of data protection rules for all companies operating in the EU, attempting to give people more control over their personal data.

GDPR was first proposed in 2012 and adopted in April of 2016, occurring at a time when the development of blockchains all over the world was gaining initial traction - creating both potential legal barriers for the implementation of blockchains and opportunities for blockchain projects to help companies navigate through the GDPR regulations.

Improving ADR with Blockchains

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.

Stellar Receives Certificate of Sharia Law Compliance

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.

Changing the Legal Paradigm: Should Attorneys Learn to Code?

 

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