As 2019 winds down, Legal Current is revisiting milestones and key accomplishments from the Legal business of Thomson Reuters this year. Today, we look at our partnership with OpenLaw to develop a proof of concept that combines smart documents powered by blockchain technology with document automation. Leading legal and blockchain outlets highlighted the partnership, including …
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smart contracts
Blockchain Technology Can Combine Smart Contracts & Document Automation
Blockchain technology holds promise for enabling so-called “smart contracts” that greatly streamline the process for creating, reviewing and approving contracts. Combined with document automation technology, it could revolutionize contracts, creating tremendous efficiencies and opening new product possibilities in the financial world and beyond. Thomson Reuters and OpenLaw set out to demonstrate how these technologies could …