A neutral space to explore blockchain-based legal technology, develop standards for ‘smart’ legal agreements, support emerging enterprise use cases and tackle important policy issues.
By simplifying complex legal instruments into simple, relevant and accessible smart contracts to meet the demands of today's business environments.
Administered by a community of lawyers, judges & academics working together with the private industry and governmental agencies to ensure they are within existing statutory requirements & legal frameworks.
Businesses today need real-time access to legal assistance without worrying about quality, cost and time. By providing a trusted platform of legal services we remove the traditional barriers to entry that businesses go through today.
Legal support is inaccessible and costly. Businesses require a lot of time, back-and-forth and complex dispute resolution process that does little to provide peace of mind when transacting in the digital age.
Add layers over current regulations by refining your contracts to include provisions for new trends, technologies and relationships. Don’t get stuck using outdated laws in todays evolving world.
Overly lengthy and stringent contracts are used to govern transactions. SME’s, especially emerging enterprise sectors required simplified contracts that fit their needs and provide legal protection.
Simple, easy to use solutions that increase access to law, reduce costs and document processing for businesses and governments. Create a law encyclopaedia with contributions from real case scenarios and the counsel of members of the legal industry that develop policies, by-laws, contracts and guidelines.
A community of legal professionals on blockchain powered technology that contribute to a growing database of modern frameworks and contracts with real case scenarios and application.
An encyclopaedia of smart contracts that businesses and individuals can search, use and create with our online editor for customisation. Search by industry, country or keywords to view available contracts and access them instantly.
Insurance contract Shipping agreement Refund policy
Also called self-executing contracts, blockchain contracts or digital contracts - they are simply computer programs that act as agreements where the terms of the agreement can be preprogrammed with the ability to self-execute and self-enforce itself. Industries are already using smart contracts to boost efficiency, accountability and transparency.
Consumers automatically receive their payouts instantly by using smart contracts that enforces the insurance policy for air travel in the case of flight delays.
Users are able to enter into contractual agreements for rent or sale using customisable criteria set in smart contracts with money held in escrow accounts until the conditions are met.
Users are able to create smart contracts that automatically execute based on predefined shipping, payment and refund terms - protecting buyers and sellers without a need for a central authority.
Access to justice can be expensive. Hiring lawyers and document submission can be streamlined through smart contracts. A system for judges and moderators to contribute to the case by cyber courts and video conferencing.
Making the law accessible to individuals and SME’s is something we take seriously. Larger firms and challenger concepts like DAO requires protection and credibility that the current system is unable to provide for efficiently.
Blockchains are capable of storing any kind of digital information that can be viewed, verified and updated on a public ledger. Transactions are broadcasted and every node is creating their own updated version of events. It is this difference that makes blockchain technology so useful – It represents an innovation in information registration and distribution that eliminates the need for a trusted party to facilitate digital relationships.
Data Analytics + AI
The AI revolution is already underway with significant breakthroughs in healthcare and decision support. AI requires access to big data to improve its cognitive computing abilities and data analytics. While AI is not set to replace the legal system, it will provide valuable support in legal services for legal practitioners. Lawyers will look to AI to provide valuable insights for cases and systems that automate their work.
“The blockchain is going to significantly alter the practice of law in the near future. It creates a new system that is more transparent, more fair and more affordable.”
COO of Legal Alignment