Blockchain Legal Landscape

How Blockchain is Changing the Legal Landscape

David Woolstencroft interviews Michael Vassilieff, Head of Sales of Dedoco, the blockchain-based document infrastructure platform founded during the lockdown.

Michael and David discuss how blockchain technology is changing the legal landscape and that the legal industry requires effective document management and e-signatures solutions. Michael states that security, privacy and verifiable information are vital for the legal industry and these fundamental requirements are achievable through innovative blockchain technology solutions.

Michael also talks about how important client and user experience is, and that providing simplistic user interphase and a smarter way of working is essential.

They talk about the current state of the cryptocurrency market and how it has impacted the adoption of blockchain technology over the past few months.

Despite the above Michael explains how blockchain technology will remain advantageous and elaborates that the electronic signature market is worth $1 Trillion dollars, and furthermore, the Government IT spending is predicted to increase by 14% next 12 months, approximately $150 billion US dollars.

Review the interview for more blockchain and legal industry insights.

About Dedoco

Dedoco, stands for Decentralised Document Company. Dedoco is a blockchain-based/ Web3 document infrastructure platform that focuses on data privacy, document security and provides customers across a range of sectors with trusted, verifiable and connected documents. As an industry-leading solution that is ISO/IEC 27001:2013 certified, Dedoco improves efficiency and compliance whilst ensuring a no-store, tamper-proof solution. Early clients include Government, banks and large enterprises, as well as enabling partners with our Web3 and blockchain engine.

Subscribe to the Legal Practice Intelligence fortnightly eBulletin. Follow the links to access more articles related to the business of law and legal technology.    

Disclaimer:  The views and opinions expressed in this article do not necessarily reflect the official policy or position of Novum Learning or Legal Practice Intelligence (LPI). While every attempt has been made to ensure that the information in this article has been obtained from reliable sources, neither Novum Learning or LPI nor the author is responsible for any errors or omissions, or for the results obtained from the use of this information, as the content published here is for information purposes only. The article does not constitute a comprehensive or complete statement of the matters discussed or the law relating thereto and does not constitute professional and/or financial advice.

Back to blog