12.28.2017

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General News

Partner Joe Cutler was quoted in "What’s Next for the Law and Blockchain in 2018," an article in LegalTech News, regarding six ways the legal industry in moving forward in blockchain technology.

Hands-On Technology: Aside from setting standards, it wouldn’t be surprising to see law firms and corporate legal departments engaging directly with blockchain technology itself. In one example that could potentially be replicated, Sovrin Foundation is hoping to use blockchain to give individuals the means of verifying their own personal identifying data, potentially eschewing the need for third-party identifying organizations and allowing individuals more control over their own verifying information. The foundation’s counsel, Perkins Coie, is getting involved as well. Partner Joe Cutler explained, “Perkins Coie will serve as a steward of some information that will be used to test the protocol’s functionality, and as a node, it will serve as a verifier of information when people need to submit claims for consensus verifications.”