Blockchain Use Case in Legal Industry - iFour Technolab Pvt. Ltd.

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USE CASES IN: LEGAL INDUSTRY

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USE CASES IN: LEGAL INDUSTRY

Blockchain in Legal Industry Improves approval waiting time and resources for patents and trademarks handling 40% of legal departments utilize automated contract management tools Creates a record of peer-to-peer transactions without the need for a trusted authority Tamper-proof and legally unassailable agreements based on smart contract technology

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USE CASES IN: LEGAL INDUSTRY

Blockchain in Legal Industry Improves approval Blockchain technology waiting couldtime alsoand reduce resources the costforofpatents notary services, and trademarks FOIA requests, handlingand corporate filings Cut significantly on the number of legalcontract disputesmanagement clogging courts 40%down of legal departments utilize automated toolsand raising lawyer fees for innocent parties Creates a record peer-to-peer transactions without need a trusted authority Immediate Fundsofpayments and transfers without the the need for for intermediary financial institutions Tamper-proof and legally unassailable agreements based on smart contract technology

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USE CASES IN: LEGAL INDUSTRY

Use Case 1: Legal Records Management & Retrieval Records created by blockchain could be shared among all the players in the system, from law enforcement officers to parole officers Benefits: The public would have greater access to information Permissions to view records can be set at various levels An auditable trail of amendments to the documents would be created Interested parties could receive updates instantaneously Record keeping would be greatly enhanced

Initiatives: United Kingdom is poised to take the lead in taking a criminal justice system into the next generation

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USE CASES IN: LEGAL INDUSTRY

1: Digital Legal Records Management Use Case 2: Intellectual Property & Retrieval Records created by blockchain sharedage, among all theimages, playersaudio, in the video system, from law enforcement Protecting intellectual propertycould in thebedigital including files, designs and symbolsofficers to parole officers Benefits: Benefits:

The blockchain is redefining automation, security and contractual agreements The public would have greater access to information

Blockchain binding the legal documents of user like: Signing authority, Lawyers, and Parties Permissions to view records can be set at various levels Minimize fraud & mistaken identities by tracking data like: birth, death, marital status & criminal activity An auditable trail of amendments to the documents would be created The data is less likely to be breached and landowners could easily manage and transfer rights Interested parties could receive updates instantaneously Record keeping would be greatly enhanced Initiatives: NKOR - Promise to have a platform for registering intellectual property and ‘anchoring’ it to the blockchain

Initiatives:

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USE CASES IN: LEGAL INDUSTRY

3: Digital Notary Intellectual Services Proper Use Case 2: Protecting intellectual property in the digital age, including images, audio,proprietary video files,proof designs symbols The blockchain can serve as a capable, decentralized guarantor of critical andand related details

Benefits: Eliminating theisneed for the automation, rubber stampsecurity of today’s publicagreements The blockchain redefining andnotary contractual Documents binding can be preserved asofpart of like: a digital ledger Blockchain the legal digitally documents user Signing authority, Lawyers, and Parties

Blockchainfraud serve&the need for document Minimize mistaken identities byauthentication tracking data like: birth, death, marital status & criminal activity Blockchain of to making notary and services more easily and affordable The data is capable less likely be breached landowners couldaccessible easily manage and transfer rights

Initiatives: Blocknotary - Apply blockchain technology to legal intellectual documents,property and offers “timestamps for media files NKOR - promise to have a platform for registering and ‘anchoring’and it tofingerprints the blockchain

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USE CASES IN: LEGAL INDUSTRY

Use Case 3: Services 4: Notary Corporate Filings Blockchain technology make processes even more cost-effective and easyproof to access The blockchain can serve as aincorporation capable, decentralized guarantor of critical proprietary and related details Benefits: Benefits: Data on a blockchain accurate, consistent and notary transparent Eliminating the need is formore the rubber stamp of today’s public Encrypted to the previous Documentsand canlinked be preserved digitallytransaction as part of a digital ledger Lower the cost of corporate filing Blockchain serve the need for document authentication Transactions can be of completed moremore efficiently Blockchain capable making faster notaryand services easily accessible and affordable Historical transaction data can help to verify the authenticity of assets and prevent fraud

Initiatives: Initiatives:

Blocknotary - Apply blockchain technology to legal documents, and offers “timestamps and fingerprints for media files Delaware - Taking a broader approach to solving the issues that face many corporations using the blockchain

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USE CASES IN: LEGAL INDUSTRY

Use Case 4: Filings 5: Corporate Smart Contract Regulation Blockchain makeexecuted incorporation more cost-effective to access Potentially technology be created and directlyprocesses between even the relevant parties, withand lesseasy lawyer involvement Benefits: Benefits: Data on a blockchain accurate, consistent and transparent Intermediary servicesisofmore contract implementation, including brokers and agents, are no longer needed Encrypted and linked the“go-green� previous transaction Smart contracts enabletothe movement Lower the the costneed of corporate Eliminate for a vastfiling chain of middlemen Transactions can permanently be completedstored fasterfor andfuture morerecords efficiently Your details are

Historical data help to verify the authenticity Automatedtransaction contracts use thecan highest level of data encryption of assets and prevent fraud

Initiatives: Initiatives:

In 2017, Arizona became the first state to recognize signatures issued on smart contracts as a legally binding agreement Delaware - Taking a broader approach to solving the issues that face many corporations using the blockchain

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USE CASES IN: LEGAL INDUSTRY

What we offer?

Custom Blockchain mobile and software Blockchain Consulting Cryptocurrency (ICO)

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USE CASES IN: LEGAL INDUSTRY

What we offer?

DApp Development Custom Blockchain mobile and software

HyperledgerConsulting Service Blockchain Smart Contract (ICO) Development Cryptocurrency

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USE CASES IN: LEGAL INDUSTRY

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