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/biz/ - Business & Finance

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10700490 No.10700490 [Reply] [Original]

What is the GLBC?
>The Global Legal Blockchain Consortium is comprised of approximately 75 large companies, law firms, software companies, and universities that have joined together to develop standards to govern the use of blockchain technology in the business of law. Specifically, the consortium is focused on:
>Data integrity and authenticity for contracts, documents, and similar data.
>Data privacy and security for contracts, documents, and communications.
>Interoperability between large corporate legal departments and law firms.
>Productivity improvements and cost savings in the operation of legal departments and law firms.
>Use of blockchain to fortify and augment existing legal technology investments adding important functionality to legacy systems to extend their useful life.

>What is Integra Ledger?
>Integra Ledger is the first project of the Global Legal Blockchain Consortium. Currently based on the open source Hyperledger Fabric blockchain and hosted on IBM Blockchain Platform, it is a utility blockchain for confirming integrity and authenticity of legal data. Specifically, it can be used to confirm authenticity of contracts, confirm contract status, improve security and privacy of documents and contracts, improve data interchange between corporate legal departments and law firms, and add functionality to legacy software systems.

>founding members of GLBC: Integra (future standard blockchain for SC?), IBM, law firms Fasken, Baker Hostetler (both part of Accord). I know Dentons is also part of the consortium. Can't seem to find a full list but I wouldn't be surprised if most of the firms were part of Accord as well.

They're having a big meeting on August 19. 70+ GLBC companies, law firms, software companies, corporate legal departments will attend. Notice which smart contract firm will also be attending (already established to be working with top firms, especially in Canada)?

We need the full list.

>> No.10701400

>>10700490
bump

>> No.10701411

LINKGANG LINKGANG LINKGANG LINKGANG LINKGANG LINKGANG LINKGANG

>> No.10701482

>>10700490
>Global Legal Blockchain Consortium

https://www.artificiallawyer.com/2018/05/21/integra-blockchain-co-unveils-smart-leases-for-real-estate-lawyers/

>Although, readers will also remember that there is another school of thought that sees at least part of the future of smart contracts as operating ‘off-chain’, i.e. without the need for a blockchain. Check out the thinking at Clause.io, for example.

Clause has also explored this area and developed opensource software that has been placed on Github that lawyers can also have a go with in a similar way. The endeavour is part of the Accord Project which is seeking to bring smart contract technology to the wider world and agree on a set of worldwide standards for its use.


And then check this, right at the end.

>Cori Goudchaux, the Integra vice president who heads their real estate market activities, concluded: ‘Real estate is both a financial industry and a legally complex transactional industry. Any technology that increases data accuracy and integrity, while lowering costs and increasing transaction speed, is extremely valuable.’

>> No.10701651

https://www.servemanager.com/pages/blockchain
>ServeManager and Integra Ledger are both part of the Global Legal Blockchain Consortium

https://abovethelaw.com/legal-innovation-center/2018/02/20/blockchain-for-non-transactional-lawyers/

>Showing that blockchain isn’t just for transactional attorneys, Carlyle demonstrated how blockchain can aid a task dreaded by many litigators: service of process. One of the biggest challenges associated with service is providing proof that process was served or attempted to be served. How would blockchain address this problem? As explained by Carlyle, after a process server in the field completed or attempted to complete service, she would open up the ServeManager app and enter the metadata related to that effort — information such as GPS coordinates, a timestamp, or device data. ServeManager WOULD THEN, VIA API call, PROVIDE THAT METADATA TO Integra Ledger. Integra would in turn post this metadata to blockchain, generating a unique blockchain ID for that attempt.

Will chainlink be necessary for such interactions between Integra and ServeManager?

>> No.10701659
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10701659

https://www.youtube.com/watch?v=dg36iHlrmSs

13:40

>> No.10701664

>>10701659
Dont know if it's a positive or a negative thing. Don't have time to watch it now.

>> No.10701705

>>10701659

Monax developed the Agreements Network:

https://monax.io/blog/2018/04/27/monax-is-pleased-to-introduce-the-agreements-network/
>The Agreements Network is a decentralized contract management platform that uses smart contract technology to create, prove, and operate legal agreements.

https://www.lawsitesblog.com/tag/blockchain/
>The first cohort of participants in the project are the law firms BakerHostetler, LegalBono and ErdosIP and the technology companies Clause, Crowdcube, LexPredict, Libra, Mattereum, Monax, Rymedi, TransparentNode and Wolfram Blockchain Labs.

>> No.10701718

>>10701651
>Will chainlink be necessary for such interactions between Integra and ServeManager?

not sure but look at my >>10701659
That's the GLBC event last year, smartcontract is on that screen.

>> No.10702102

Digital identity seems like a hot topic for the Australian government:

https://auspostenterprise.com.au/insights/insight-papers-and-white-papers/digital-identity-white-paper (2016)
>Frustration, a lack of control and inefficiency is costing Australia’s economy up to $11 billion in missed opportunity.

https://www.dta.gov.au/news/Budget-2018-19-for-the-DTA/ (MAY 9 2018)
>The government is also exploring innovative ways to deliver reliable and secure government services, using modern technology such as blockchain.

https://www.dta.gov.au/news/a-coordinated-approach-to-buying-it-ibm/ (JUL 5 2018)
>A new whole-of-government agreement has been made that will make it easier for government agencies to purchase IBM products and services.

hmmm

>> No.10702247

So far:

TECH COMPANIES
Integra
ServeManager
Monax
Clause
Smart Contract
StonePaper
OpenLaw
R3
Hyperledger
Fundchain
Digital Asset
B3i
Enterprise Ethereum Alliance
CuLedger
China Ledger
Swift ISO Standard
Orrick
CLOC

LAW FIRMS
baker hostetler

>> No.10702262

>>10701664
somewhat positive, the entire presentation is just a massive shill for blockchain integration within the legal sector, but smartcontract.com wasn't mentioned apart from the little logo in the slide

>> No.10702608

>>10702247
>ntegraServeManager MonaxClauseSmart ContractStonePaperOpenLawR3HyperledgerFundchainDigital AssetB3iEnterprise Ethereum AllianceCuLedgerChina Ledger

Does China Ledger exist anymore?

Is it the same as cnLedger which a few of our guys follow on Twitter?

>> No.10702628 [DELETED] 

>>10702608

https://mobile.twitter.com/chinaledger?lang=en
Nah

>> No.10702643

>>10702628
nvm ignore that post, the twitter has been inactive since 2016