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Centre for Legal Innovation

legal innovation

Global Legal Hackathon 2019 – report from the NYC event

Ignore, or just stay blind to, your shoppers’ real needs and deal with every problem in a legal echo-chamber and you might discover that law isn’t the secure haven it used to be. Any one of many elements I’ve touched on here could be limiting your capacity to innovate successfully, however the crucial aspect is delivering innovative services which have identifiable value to shoppers that are then adopted by them enthusiastically. No innovation is going to profit your small business until you can get them to land well with clients.

Blockchain know-how — the peer-to-peer network infrastructure that made potential cryptocurrencies like Bitcoin — was designed to assist “good contracts”. These effect the monitoring and transfer of digitals assets in ways that virtually completely circumvent conventional authorized processes. Smart contracts exist in code, not on paper, are self-implementing with out need for courts or other trusted intermediaries, and operate with orders of magnitude more efficiency, and less value than traditional contracting processes. They are a redefinition of both money and legislation and an attempt at fixing frustrations and inefficiencies which have lengthy plagued traditional contracting processes. The only one who might love a standard asset transfer — one which trusted reams of paper, inscrutable prose, antediluvian court methods, and curmudgeonly, costly, and fussy guild workers — could be somebody paid by the hour for all that trouble.

Kim Massana, CEO of Neota Logic, commented, “The Family Law Portal is groundbreaking … Read More