ikiryo/123RF
 

Blockchain In The Legal Industry: 15 Startups To Watch In 2019

  • 1 February 2019
  • Sam Mire

The real legal system doesn’t operate like an hour-long episode of Law & Order. Not all cases are laced with criminal intrigue. And the practical, everyday work of the law revolves around high-level minutiae (and the according headache).Today’s environment of constant litigation has made the term “lawyer” into something broader than Atticus Finch could ever imagine. Though services in the legal industry have evolved to be more cost-efficient and accessible, there are remaining strides to be made in the evolving legal landscape.

There is a new class of people lately coming to the surface in this sector: those who are using the blockchain to improve the legal system. Whether they’re considering the nuances of smart contract law, examining overlaps between blockchain technology and legal disputes, or using the blockchain to create enhanced remote legal services, there’s no shortage of innovation at the intersection of law and technology.


AdvorettoAdvoretto

Advoretto is a blockchain-enabled platform aimed at assisting legal practices navigate the growth process. Legal documentation sharing and transactions can both be executed securely on the Advoretto platform. The Swiss startup has fully embraced the emergence of online services in the legal industry, and Advoretto has built AI processes on a blockchain that allow lawyers and practices to monetize their legal assets while utilizing peer-to-peer blockchain technology to connect legal businesses with a customer base in need of counsel at affordable prices.

Date Founded: July 10, 2015

Funding Type: Venture-backed


Rocket LawyerRocket Lawyer

Rocket Lawyer is one of the most recognized names in the self-service legal industry. It plans to begin using blockchain-powered smart contract technology in 2019. It’s a major step towards broader blockchain adoption by one of the industry heavyweights.

Date Founded: August 2008

Funding Type: Private


MonaxMonax

Monax specializes in the drafting and issuance of contracts specifically for entrepreneurs and creatives, and they rely on blockchain technology to ensure that agreements are interoperable and, when completed, tamper-proof. The agreements serve not only as legally binding documentation of a contractual agreement, but also as a smart contract that executes payment once the terms are completed.

Date Founded: June 25, 2014

Funding Type: Venture-backed


MattereumMattereum

Mattereum is in the business of providing legally-binding smart contracts enabled by blockchain technology. Their protocol is more expansive than the contract space, as it enables a number of different functions, including commons-based collaboration, asset trading, asset governance, and more. They also offer a Smart Property Register, which is an ‘open source, decentralized solution for digital control of real world assets’.

Date Founded: August 4, 2017

Funding Type: Private


BernsteinBernstein

Bernstein is a European Union-backed startup with the goal of securing intellectual property with the assistance of blockchain. Users can upload inventions, designs, and proofs to the Bernstein platform, receiving blockchain-registered certificates as proof of ownership in return. Their notarized information is designed to remain private, at least until a dispute is to arise and records comparison becomes necessary.

Date Founded: September 2016

Funding Type: Private


DocTailorDocTailor

DocTailor is aimed at those who require customizable legal contracts for the digital age. Relying on blockchain-enabled smart contract technology, the DocTailor team has created a platform that allows agreements to be written as code into a smart contract, and for that contract to be executed once payment and/or completion milestones are fulfilled. These contracts maintain anonymity for involved parties, but are logged on the public ledger to ensure that the deal itself is transparent and holds both parties accountable should a dispute arise.

Date Founded: 2017

Funding Type: ICO



AgrelloAgrello

Agrello is an Estonian startup focused on legally-binding smart contracts powered by artificial intelligence. Specifically, Agrello facilitates the issuance of contracts in several areas, including the sharing economy, small and medium-sized enterprises, and multinational corporations. Depending on the user’s needs, this could mean dictating the terms of a sublease, forming business-related contracts between a company and remote employees, handling large-scale HR operations, or any number of alternate  uses for which digital contracts are required.

Date Founded: 2017

Funding Type: ICO


Contract VaultContract Vault

ContractVault is seeking to simplify the way that blockchain contracts are created through a simpler, more user-friendly interface. The platform includes several different contractual formats and templates, and the whole idea behind ContractVault is to remove the complications and complexity that plague most smart contract services. By bridging the gap between legacy contracts and overly-complicated smart contracts, the ContractVault service is hoping to become a go-to for those seeking to adapt to the digital legal age without headaches.

ICO: July 15, 2018

Funding Type: ICO


Safe HavenSafe Haven

Safe Haven is a resource for those with crypto assets who want to ensure a continuity plan once it comes time to pass along their wealth as an inheritance. Safe Haven relies upon its Trust Alliance Network (TAN) to provide legal assistance to its users, making the crypto succession process as seamless and uncomplicated as possible. By adding legal parameters to the crypto inheritance process, Safe Haven is providing a solution that is less vulnerable to theft or malfeasance than simply passing along passkeys to the heir of choice.

Date Founded: 2017

Funding Type: ICO


Legacy NetworkLegacy Network

Legacy is a blockchain-based solution for the establishment of smart wills. The application allows users to create ‘memories’ in the app which are released upon the triggering of verifiable events. It also plays the role of traditional wills, legally outlining the distribution of assets upon someone’s passing. Legacy will incorporate smart contract technology, along with their Proof of Life engine, to ensure that inheritances are doled out only once death is confirmed and in a way that is secure and immutable.

Date Founded: 2017

Funding Type: ICO


StamperyStampery

Stampery facilitates the notarization of digital transactions and agreements, establishing a blockchain-supported ledger for immutability in digital recordkeeping. Using Stampery, users can create certifications for a wide array of documents, including but not limited to intellectual property, communications, files, and digital transactions. For those who need to establish a forensic audit trail for personal or business reasons, Stampery can fulfill that need.

Date Founded: April 2015

Funding Type: Private


Image ProtectImage Protect

Image Protect is a platform that helps protect the rights of visual artists. Artists can register their visual content on the platform for roughly $89, and then the work is converted into an embeddable ad format from which the artist can derive a fee each time the work is used. The Image Protect platform also scans the web to ensure that each and every use of the unique image is traced and monetized.

Date Founded: June 2014

Funding Type: Public


operemOperem

Operem is a blockchain-enabled intellectual property licensing platform. Their offerings include their Insight.ai platform, which applies deep machine learning to help Operem users better understand the nature of the innovation landscape which they fall within. Then, utilizing blockchain-enabled features such as immutable storage, cryptographic signatures, secure collaborative technology, and smart contracts, Operem allows users to work through the innovation process and ultimately claim their IP more efficiently and cost effectively.

Funding Type: Private


CustosCustos Media Technologies

Custos Media has created an ‘imperceptible’ watermarking technology designed to fight against digital media piracy. Videos, eBooks, and other forms of media can all be protected using the Custos Media technology, while blockchain technology helps detect those who are disseminating and downloading pirated files. Music and virtual reality are two of the fields that Custos have their eye on to better insulate from media pirates.

Date Founded: February 25, 2014

Funding Type: Private


Licens3dLICENS3D

LICENS3D was created to protect three-dimensional digital files created by designers so that their works aren’t reproduced without authorization. The LICENS3D platform protects CAD, CAE, and CAM files, as it ‘hinders unauthorized distribution, proves ownership, and protects (against) unrestricted reproduction’ of these sort of design files. Their using smart contracts and blockchain storage to ensure that designs are logged as irrefutable proof of concept, and that designers are credited properly with being the first to conceive a design framework.

Date Founded: January 8, 2018

Funding Type: Private

About Sam Mire

Sam is a Market Research Analyst at Disruptor Daily. He's a trained journalist with experience in the field of disruptive technology. He’s versed in the impact that blockchain technology is having on industries of today, from healthcare to cannabis. He’s written extensively on the individuals and companies shaping the future of tech, working directly with many of them to advance their vision. Sam is known for writing work that brings value to industry professionals and the generally curious – as well as an occasional smile to the face.

Comments

COMMUNITY