LegalZoom and Clause partner up for Blockchain Project
LegalZoom, an online legal solutions provider, is teaming up with Clause, a smart legal contracting technology provider, for a revolutionary project. Under this partnership, the duo aims to build a platform that will enable smart-contracts to be provided as legal remedy to their customers.
This project will help spread legal solutions beyond the purview of the blockchain base. It will provide extensive access to technologies that are computable with blockchain, as well as those that are not.
Clause has been a pioneer of blockchain technology in the legal space and its integration with LegalZoom will increase its overall customer base. LegalZoom will significantly benefit from the addition of Clause’s technology by using blockchain to edit, attest, execute and store documents in a safe system.
The entire process would be on Clause’s renowned API (Application Programming Interface). To make LegalZoom’s contracts better suited to the system’s method of accounting, invoicing and payroll management, Smart Clauses will also be integrated.
Vanessa Butnick Davis, VP and legal managing product counsel of LegalZoom, said, “LegalZoom’s North Star has always been to democratize law. Making sure every American and small business owner can access the same resources previously available only to larger corporations. This collaboration makes cutting-edge technology available and usable by consumers and small businesses in ways previously unimaginable.”
Peter Hunn, founder of Clause, stated that this partnership will ensure the efficient delivery of legal services. Millions of small and medium enterprise owners are expected to benefit from this new service.
LegalZoom is an online portal that provides its customers with reliable and quick legal solutions. It has been in operation for 15 years, serving over 4 million customers mainly in the United States and the United Kingdom.
Clause has adopted the use of blockchain technology and developed a smart legal contracting system. Through their interface, users can convert their legal documents into ‘living documents’, thereby integrating them into the blockchain.
Image via Shutterstock
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