Blockchain technology has the potential to revolutionize how organizations and their in-house attorneys handle compliance and contracting. But while there have been organized efforts at promoting blockchain use in-house, actually developing and implementing the technology may be a big leap for many companies.

Technology service and solution providers, however, are stepping in to help organizations seamlessly deploy blockchain-empowered tools—opening up a new revenue stream in the process. In May 2017, IBM announced the launch of its fee-based Blockchain Founder Accelerator program, which trains organizations on how to build blockchain tools, provides them with one-on-one mentoring services, and offers prebuilt blockchain software assets to support their development projects.