Openlaw

• Considered a core component of Consenys. A blockchain-based protocol for the creation and execution of legal agreements in a user-friendly, compliant way.
• OpenLaw, the first project to enable “smart” legal contracts, is reimagining the creation, execution, and storage of legal agreements from the ground up. OpenLaw’s legal markup language provides an easy way for anyone to reference and trigger an Ethereum-based smart contract to manage contractual promises. Using the OpenLaw protocol, legal agreements can be embedded in lines of code in an Ethereum smart contract and automatically triggered once the agreement is digitally signed by all parties. OpenLaw has partnered with McCarthy-Tétrault to automate key aspects of the lending process, as well as Rocket Lawyer to develop trusted and blockchain-enabled contract execution.