FOLA partners with Global Legal Blockchain Consortium
The Federation of Ontario Law Associations (FOLA) has joined the Global Legal Blockchain Consortium (GLBC), an organization of legal and technology industry stakeholders focused on increasing the security, productivity, and interoperability of blockchain technology.
To date, more than 160 large companies, law firms, software companies, and law schools have joined the GLBC to help in developing standards and policies that govern the use of blockchain technology in the business of law.
FOLA, which represents the 46 Law Associations (plus the Toronto Lawyers' Association) in every judicial district in Ontario, is committed to working Ontario’s Law Associations to harness the capabilities of the blockchain in the legal profession and assist in educating lawyers about the opportunities and benefits of leveraging the blockchain in their practice.
In the new year, FOLA will be calling upon our community of sole practicing and small firm lawyers to help bring ideas and/or proofs of concepts as to how blockchain technology might be used in the business or practice of law. We’ll then relay these ideas back to the GLBC so that together, Consortium members can fully appreciate and enhance the security, privacy, productivity, and interoperability of blockchain technology as it relates to the legal profession.
For more on our partnership, visit https://fola.ca/blockchain
The GLBC is comprised of more than 160 large companies, law firms, software companies, and universities that have joined together to develop standards to govern the use of blockchain technology in the business of law. The consortium focuses on a range of issues, including data integrity, authenticity, security, and privacy for contracts and documents, interoperability between corporate legal departments and law firms, and productivity improvements in the operation of legal departments and law firms.