Where Blockchain Meets the Legal Industry - SRD x Lition
Lition
Startups
4 years ago
1 QCP
We’re pleased to announce a collaboration between Lition and the renowned German law firm Schürmann Rosenthal Dreyer (SRD). SRD is internationally recognized and has already received numerous awards from Best Lawyers and HANDELSBLATT, Kanzleimonitor and The Legal 500. Both parties have been working together in order to deploy Lition’s Proof of Existence use case for SRD’s clients.
Customers will now be able to have their most important information reliably protected in a confidential and tamper-proof manner by one of the leading legal firms in Germany, using Lition’s blockchain technology.
Furthermore, SRD is committed to explore blockchain technology in additional commercial scenarios together with Lition’s technology and expertise:
“Blockchain technology is unknown to many. It stands between high expectations on the one hand and great skepticism on the other. We want to make blockchain’s undeniable benefits of security, trust and lower costs available to our customers.” — Schürmann Rosenthal Dreyer
Proof of Existence powered by Lition
Business ideas, trade secrets, and standard operating procedures are a key asset for every company. Customers can use Schürmann Rosenthal Dreyer to protect themselves from the risks of industrial espionage or data leaks and to legally document that they are rightfully business secrets of a company. Legal certificates are provided so customers can prove they were in possession of the trade secret at a certain point in time.
By leveraging blockchain technology and only keeping the hash value in the contract, customers can effectively use the trade secret in contractual relationships with business partners, employees, and other parties, preventing any attempt to manipulate data and change the content of contracts and documents. That leads to a competitive advantage as there isn’t anymore the need of an expensive notary as supervisor among the actors involved.
https://medium.com/lition-blog/where-blockchain-meets-the-legal-industry-srd-x-lition-f9af9b11fc5d
Customers will now be able to have their most important information reliably protected in a confidential and tamper-proof manner by one of the leading legal firms in Germany, using Lition’s blockchain technology.
Furthermore, SRD is committed to explore blockchain technology in additional commercial scenarios together with Lition’s technology and expertise:
“Blockchain technology is unknown to many. It stands between high expectations on the one hand and great skepticism on the other. We want to make blockchain’s undeniable benefits of security, trust and lower costs available to our customers.” — Schürmann Rosenthal Dreyer
Proof of Existence powered by Lition
Business ideas, trade secrets, and standard operating procedures are a key asset for every company. Customers can use Schürmann Rosenthal Dreyer to protect themselves from the risks of industrial espionage or data leaks and to legally document that they are rightfully business secrets of a company. Legal certificates are provided so customers can prove they were in possession of the trade secret at a certain point in time.
By leveraging blockchain technology and only keeping the hash value in the contract, customers can effectively use the trade secret in contractual relationships with business partners, employees, and other parties, preventing any attempt to manipulate data and change the content of contracts and documents. That leads to a competitive advantage as there isn’t anymore the need of an expensive notary as supervisor among the actors involved.
https://medium.com/lition-blog/where-blockchain-meets-the-legal-industry-srd-x-lition-f9af9b11fc5d
- Data
- Blockchain technology
- Legal opinion
- Law
- Collaboration
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