Property data insight and technology provider, Search Acumen, has recently announced that the company will be joining the Global Legal Blockchain Consortium (GLBC). The GLBC is a gathering of 125 large companies, law firms, software companies, and universities from all around the globe who have united to develop standards and rules to govern the use of blockchain technology in the business of law.
The GLBC is focused on improving data integrity, authenticity, privacy and security for contracts and documents. It will also help facilitate interoperability between large corporate legal departments and law firms – a crucial issue if we are to make this exciting technology fit for purpose.
GLBC members are also dedicated to using distributed ledger technology to improve productivity and finding cost savings in legal departments and law firms, and adding important functionality to legacy systems to extend their useful life.
This partnership underlines Search Acumen’s belief that blockchain has a big future within the UK property industry.
Andrew Lloyd, Managing Director of Search Acumen and a member of the board of directors of the UK Proptech Association spoke on the joining.
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