Law Blocks — Digitalizing the Legal Sector Globally Using Blockchain Technology.
Law Block is a user-friendly, time-saving, community-driven, smart legal contract-based platform for creating legal documents on blockchain technology. Legal documents such as Agreements, Power of Attorney, Business Contracts, Declarations, Affidavits, Memorandum of Understanding, etc., are subject to the individual following the prevailing laws in the country in which it has to be applicable. Also, subject to the individual’s process of ensuring the validity of those documents in accordance with the law.
Each party cryptographically signs these legal documents, thereby acknowledging the agreements between multiple parties that create a legally binding agreement on how each party is to perform.
Law Blocks offer new opportunities for several multinational enterprises (“MNEs”) to optimize their operational flows. Above all, it will give Startups, small, medium, large enterprises, and individual professionals a new way to do business more safely and reliably.
This will be achieved by moving from a model of contracts created on a customer-to-customer basis for clients and possibly enforced by national courts to a model of modular, template-based smart legal contracts, whose contents, except the necessary clauses, can be easily customized for the benefit of millions of users and whose enforcement occurs directly on the blockchain (through two of the three dispute resolution mechanisms provided) in a way that is as automated as possible. Law Blocks is bringing the “new internet of contracts and jurisdictions” to the world, creating a new stage of evolution in business relations.
Follow Us on our social media to stay updated with the latest news on law blocks.
Website — https://lawblocks.io/
Telegram — https://t.me/LawBlocks_updates