Fenwick has joined the Global Legal Blockchain Consortium (GLBC), an organization of legal and technology industry stakeholders collaborating to develop standards to govern the use of blockchain technology in the business of law.
"Blockchain technology is creating enormous business opportunities, and we believe it will be a game changer for the legal industry," said James McKenna, Fenwick's chief information officer. "Technology and innovation are in Fenwick's DNA, and we're excited to work with other thought leaders to leverage this rapidly developing technology in a thoughtful and effective manner."
"We're thrilled to be at the forefront of the incredible innovation happening in the blockchain space, working with innovative clients who are developing new applications and addressing additional needs using blockchain technology. This also creates stronger ties between our leading blockchain technology practice and our internal blockchain capabilities," Fenwick corporate partner Andrew Albertson added.
More than 170 large companies, law firms, software companies, and universities have joined the GLBC. The consortium focuses on a range of issues including data integrity, authenticity, privacy and security for contracts and documents; interoperability between corporate legal departments and law firms; productivity improvements and cost savings in the operation of legal departments and law firms; and the use of blockchain to fortify and augment existing legal technology investments.
For more information, visit the GLBC.