Ethereum based smart contracts in legal industry – Bitcoints


Published on October 11th, 2017 | by bitcoin


Ethereum based smart contracts in legal industry

Due to their immutable and autonomous nature, smart contracts provide an alluring alternative to traditional legal contracts, and law firms are taking notice.
This may slow adoption of smart contracts in the legal industry.
Until a standard format for legal smart contracts is laid out, these contracts may not make a routine appearance in the legal industry.
Smart contracts can streamline and enforce legal contracts, but they aren’t going to be replacing attorneys.
It’s more likely that smart contracts will bring developers and attorneys together to collaborate and provide progressive solutions for the legal industry.


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