On-demand legal services and document assembly provider Rocket Lawyer has announced a partnership with blockchain developer ConsenSys to create a blockchain-powered smart contract service for its customers. The service, deemed Rocket Wallet, will leverage ConsenSys Openlaw, a blockchain-based protocol for legal agreements.
Rocket Wallet will essentially be one of the first uses of smart contracts, which automatically execute their terms on the blockchain without need of intermediaries, developed for the legal service market. Such contracts have almost exclusively been used in the cryptocurrency space in initial coin offerings (ICOs).
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