Dentons says it is the first Canadian law firm to join the Global Legal Blockchain Consortium.
The mission of the GLBC is to organize and align stakeholders in the global legal industry to understand how blockchain can enhance the security, privacy, productivity and interoperability of the legal technology ecosystem.
“As the founding Canadian member of the consortium, we are continuing to demonstrate that Dentons is a leader in innovation in the legal industry,” said Beth Wilson, CEO of Dentons Canada. “We strive to develop the best solutions for our clients and our industry colleagues, and joining this network of organizations is another great step towards that goal.”
A key function of the GLBC will be to adopt policies that promote a universal, blockchain-based technology infrastructure for law. It will govern how a permissioned blockchain functions and establish policies relating to its operations, such as technology standards; criteria for permissioning; operation of nodes; requirements for writing to the blockchain and reading items on the blockchain; the development of apps; and open source requirements.
The GLBC is looking for major law firms, major corporations who do not serve the legal industry, not-for-profit organizations, and educational institutions to join the GLBC.
“We are excited to work with GLBC and Integra Ledger, which has been selected by GLBC as the first blockchain for law. This gives Dentons the infrastructure to develop unique technology and legal offerings, working in tandem with our clients,” said Andrea Johnson, partner at Dentons. “We see applications for distributed ledger applications across many legal domains and industries in which our clients are active.”