Blockchain technology has been flaunted as the next great solution to foster improvements and businesses efficiencies in many industries—including legal— saving both time and money. But how blockchain can actually be leveraged by the legal market is still coming into focus.

Speakers at the ILTACON 2022′s “Blockchain in the Professional Services Company: Ready for Prime Time?” panel on Tuesday attempted to answer that question by offering real-world examples of the use of blockchain technology in legal and other professional services organizations.