New York, NY — May 10, 2019: OpenLaw has partnered with global digital legal services pioneer Rocket Lawyer to demonstrate how blockchain technology can be used to better manage commercial relationships using “smart” legal contracts.
The OpenLaw and Rocket Lawyer collaboration will first center on a standard sales agreement (a bill of sale). Rocket Lawyer, one of the premier online legal technology companies for providing legal services to businesses and individuals, will offer their customers the ability to leverage blockchain technology with a new digital Rocket Wallet™. This is the first step in making blockchain-based contracts accessible to the millions of Rocket Lawyer customers. In the near future, Rocket Lawyer customers using Rocket Wallet™, will have the opportunity to use smart contracts to facilitate the creation and execution of their legal contracts, securely and instantaneously transfer payments, and track transaction performance on the Ethereum blockchain. This will be the first time a mainstream consumer-facing application has successfully integrated blockchain technology into everyday legal transactions.
Rocket Lawyer’s blockchain integration offers tangible and impactful benefits for businesses and individuals seeking legal services. Both Rocket Lawyer and OpenLaw share a mission to increase the accessibility of legal services to all.
Interested parties can sign up for the Rocket Wallet™Beta here.
OpenLaw is a blockchain-based protocol for the creation and execution of legal agreements. Using OpenLaw, users can more efficiently engage in transactional work and digitally sign and store legal agreements in a highly secure manner, all while leveraging next generation blockchain-based smart contracts. OpenLaw is the first project to comprehensively stitch together traditional legal agreements with blockchain-based smart contracts in a user-friendly and legally compliant manner. For more information, please visit https://openlaw.io/.
ConsenSys is a global formation of technologists and entrepreneurs building the infrastructure, applications, and best practices to enable a decentralized world. The ConsenSys "hub" coordinates, incubates, accelerates, and spawns "spoke" ventures through development, resource sharing, investments and the formation of joint ventures. ConsenSys is dedicated to growing the Ethereum-based blockchain ecosystem through various domains including ConsenSys Solutions, ConsenSys Capital, ConsenSys Labs, and ConsenSys Academy. For more information, please visit www.ConsenSys.net.
About Rocket Lawyer:
At Rocket Lawyer, we believe everyone deserves affordable and simple legal services. Our laws should protect and empower — but for too many of us, the law is a burden, because of high costs and complexity. So, we’re changing things. Rocket Lawyer delivers legal documentation and attorney advice, anytime, anywhere, on any device. Since 2008, we’ve helped over 20 million businesses, families and individuals obtain the legal help they need, at a price they can afford. That’s legal made simple® Visit www.rocketlawyer.com for more information.
Highwire PR for Rocket Lawyer
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The venture arm of Consensys.