Legal blockchain consortium

Visit Us Contact Us. The series will begin with three webinars on blockchain for intellectual property IP , the first of which will take place on June 25, Businesses everywhere are exploring better ways to leverage digital environments. Blockchain has great potential to increase efficiency and transparency, but finding suitable models for blockchain usage in IP space remains elusive.

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Content:

• What is cryptocurrency and how does it work?
• Blockchain consortium expands to Africa with Miranda Alliance
• Supply chain
• Implications of competition law on blockchain technology
• NetDocuments Delves Into Blockchain With New Proof of Concept
• Post navigation
• Buying the Constitution: The rise of DAOs in legal
• iDefendo joins the Global Legal Blockchain Consortium, GLBC
• Facebook’s cryptocurrency venture to wind down, sell assets
• HARRY PARIKH

WATCH RELATED VIDEO: Global Legal Blockchain Consortium Launch

What is cryptocurrency and how does it work?

UTC is the first commercialised blockchain platform of its kind in the UAE built on advanced technologies; launched commercially in April , the platform was co-created by Etisalat Digital, seven leading UAE banks and Avanza Innovations. The platform prevents fraud and duplication, detects dubious transactions and supports multiple types of trade-related documents that must be inspected and validated for authenticity.

Combined, its technologies ensure trust, transparency, and privacy between multiple organisations. Hence, becoming part of UTC Digital Trade Platform is one of the major steps we have taken in achieving this milestone. The distributed ledger technology used to create UTC provides DIB and other UAE banks with a decentralised, immutable, and completely transparent way of organising data that reduces the risk of fraudulent transactions.

It is a milestone in the digitisation space that has the capacity to make trade financing more accessible, affordable and equitable. With many more banks already planning to join the platform, UTC is fast becoming the national trade finance platform of the UAE.

The information from FAB is set to benefit subscribers, ensuring they are kept up-to-date and follow local regulations in relation to the trade and post-trade process. Finance 1 week ago. Buna offers customers an instant experience underpinned by additional layers of safety and security. Finance 2 weeks ago. The exchange launched single stock futures in the fourth quarter of following an agreement sealed in September with Nasdaq. Finance 3 weeks ago. The rise in M1 was due to Dh0.

The DGCX has also been actively involved in partnerships with leading institutions to introduce more Islamic products to the Exchange. The strategic partnership will support the ambition of both companies to diversify their portfolios. Finance 4 weeks ago. Published: Tue 1 Feb , PM.

A Staff Reporter reporters khaleejtimes. More news from Finance. The information from FAB is set to benefit subscribers, ensuring they are kept up-to-date and follow local regulations in relation to the trade and post-trade process Finance 1 week ago.

Buna offers customers an instant experience underpinned by additional layers of safety and security Finance 2 weeks ago. The exchange launched single stock futures in the fourth quarter of following an agreement sealed in September with Nasdaq Finance 3 weeks ago. The DGCX has also been actively involved in partnerships with leading institutions to introduce more Islamic products to the Exchange Finance 3 weeks ago.

The strategic partnership will support the ambition of both companies to diversify their portfolios Finance 4 weeks ago. Type your keywords Search.

Blockchain consortium expands to Africa with Miranda Alliance

A critical appraisal of how the legal profession is being transformed by Legal Tech and Legal Design and how next generation lawyers, in turn, can transform contract design for improved usability and outcomes. Legal Tech startups are already revolutionizing the legal industry by increasing the speed and efficiency of traditional legal services or replacing them altogether with new technologies. This on-going process of disruption within the legal profession offers significant opportunities for all business. Adding to the challenges is the growing need for easy-to-use contracting solutions, on the one hand, and for protecting the users of such solutions, on the other. To respond to the challenges and to provide better legal communications, systems, and services Legal Tech scholars and practitioners have found allies in the emerging field of Legal Design. This collection brings together leading scholars and practitioners working on these issues from diverse jurisdictions.

Supply chain

The Linux Foundation provides a neutral, trusted hub for developers to code, manage, and scale open technology projects. This Linux Foundation Report seeks to understand the demographics and dynamics concerning overall participation in open source communities. Linux Kernel mentees break open source glass ceiling »Read Blog Post. The Linux Foundation enables companies to drive global innovation by growing open technology ecosystems that transform industries. The key to a successful open technology project is to ensure a neutral playing field for all developers, technologists, and companies to collectively contribute to project evolution and growth. The Linux Foundation was built on the idea of the democratization of code and scaling adoption, for all projects equally. Expert legal and governance support programs ensure everyone is on the same playing field. The promise of open source runs the gamut from the smallest academic research projects to enterprise innovations that can transform industries and create new markets. At the Linux Foundation, we have a proven track-record of helping aspiring projects to create new technology categories by identifying trends early, and igniting the adoption of innovative, upcoming technologies by building and scaling developer ecosystems. The biggest hurdle for any project is preparing for enterprise-wide adoption.

Implications of competition law on blockchain technology

An example given by Data61 is a sensor at a construction site that could automatically signal a bank to trigger payment after a delivery. In a statement the trio of consortium members said that regulators, banks, law firms and other Australian businesses would be invited to participate. Importantly as a mechanism for the execution of provisions of a legal contract, smart contracts can carry and conditionally-transfer digital currency and other digital assets or tokens between parties. This can be done in a predictable and transparent way on the neutral ground provided by the mechanised infrastructure of a blockchain. ASX Limited, the operator of the Australian Securities Exchange, is currently preparing to roll out a blockchain-based system to replace a key piece of trading infrastructure.

NetDocuments Delves Into Blockchain With New Proof of Concept

In June , after years of being under scrutiny for the impact its platforms have on society, Facebook unveiled one of its most ambitious projects yet: a cryptocurrency called Libra, which would be backed by an international consortium of companies. Libra was originally slated to launch within less than a year. Two and a half years later, the project — renamed Diem last year — has officially unraveled after various setbacks and regulatory pressure made it impossible to get off the ground. The project was dogged from the start by concerns from regulators, lawmakers and other financial services industry watchers about a cryptocurrency run by Facebook now called Meta , which has struggled to prevent issues such as crime and abuses of user data on its existing platforms. Silvergate plans to use the Diem assets to continue investing in building a stablecoin and a global payments network built on the blockchain, the company said in a statement. When Facebook announced Libra , the plan was to create a universal cryptocurrency that could be accessed by digital wallets — all of which would be built on the blockchain, the technology that underpins other cryptocurrencies such as bitcoin.

Post navigation

Have you read these stories? Post Budget live: Impact on taxes, investments Updated: Feb 02, , Somanathan said in an interview to Bloombe ET NOW. Budget India to get its own digital currency by RBI next year, says FM The introduction of a central bank digital currency will give a big boost to the digital economy. Digital currency will also help in the currency management system, the FM Sitharaman said. The members in the consortium are generally companies.

Buying the Constitution: The rise of DAOs in legal

Could Decentralized Autonomous Organizations DAOs become the model for future business structures and transform the legal industry in the process? It is one of two remaining copies still owned by private hands of the 13 in existence. Despite being beaten out at auction, this is a monumental moment in the recognition of Decentralized Autonomous Organizations DAOs , which raises awareness of a system that will transform the legal industry. A DAO is a blockchain structure think of it as a safe database , that anyone can leverage to self-govern through participation, authored by rules, baked into code, and permitting voting through digital tokens think cryptocurrency — all while leveraging smart contracts.

iDefendo joins the Global Legal Blockchain Consortium, GLBC

RELATED VIDEO: Global Legal Blockchain Consortium Announcement Event Recap

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Facebook’s cryptocurrency venture to wind down, sell assets

The concept behind this easy blockchain solution is to address common issues across the luxury industry, enhancing the overall customer experience. The Aura Blockchain Consortium makes it possible for consumers to access product history and proof of authenticity of luxury goods — from sourcing to sales, all the way to second-hand markets. The tech platform, which is operated by the Aura Blockchain Consortium, allows blockchain technology to be accessible to all partners irrespective of size while maintaining the flexibility to address the specific needs of each brand. The Aura Blockchain Consortium was born from a vision that collaboration with the competition can coexist for the greater good. We value trust, sustainability, innovation, and collaborative decisions to enhance the luxury experience of our customers. The Aura Blockchain Consortium is the first initiative led by luxury Maisons going beyond traditional frontiers to become a technological hub for brands.

HARRY PARIKH

The Miranda Alliance has joined forces with GLBC, a group comprised of more than 90 large companies, law firms, software companies, and universities dedicated to develop standards to govern the use of blockchain technology in the business of law. The alliance has specialist expertise assisting businesses in some sub-Saharan African and emerging markets. The GLBC organizes and aligns global legal industry stakeholders to enhance the security, privacy, productivity, and interoperability of blockchain technology, and adopts policies that promote a universal blockchain-based technology infrastructure for law. Around 90 organizations are involved with the GLBC in creating these standards and governance.