About Law Blocks

What is "Law Blocks"?

Law Block is a user-friendly, time-saving, and community-driven truly smart truly legal contract-based platform for creating legal documents (on blockchain technology) such as Agreements, Power of Attorney, Business Contracts, Declarations, Affidavits, Memorandum of Understanding, etc. subject to yourselves following the prevalent laws in the country in which it has to be acted upon and subject to yourselves following the process of ensuring the validity of those documents in accordance with law, which is cryptographically signed by each party thereby acknowledging their covenants.

How it Works

How does "Law Blocks" work?

We're formulating the platform to facilitate the making of template-based contracts, painless, effective, and cost-efficient across the globe. Law Blocks makes it easy to create legal binding contracts and storing such contracts that is driven by Law Blocks ecosystem supported by XRC-20 utility token. We're putting the contracts for our clients at the centre of our process, an experience that is transparent and reliable, while maintaining privacy and confidentiality in an automated contract, as at times there are future obligations in a smart contract, where the contract has to sustain over a period of time, payments have to be delivered, trade obligations have to be fulfilled, funds has to be delivered, along with interest payments done in future, which is time-bound and more and further obligations to be complied with and managed. The law blocks technology using blockchain and smart contracts-based automation is the solution.

Smart Contract

Law Blocks maps real-world contracts with smart contracts using Public/hybrid blockchain network

What is a Smart Contract?

A smart contract is simplest form of decentralized automation, and is most easily and accurately defined as: A smart contract is a mechanism involving digital assets and two or more parties, where some or all of the parties put assets in, and assets are automatically redistributed among those parties according to a formula based on certain data and depending on compliances by either party/parties, that which is not known at the time the contract is initiated.

Law Blocks maps real-world contracts with smart contracts

Law Blocks removes barriers from making contracts with an easy-to-use platform designed by lawyers/law firms for lawyers as well as for individuals and corporate. Law Blocks unites you with legal teams, parties, and arbitrators in an end-to-end & easy-to-use digital arbitration platform. It helps you to cut all the unnecessary steps that make common contracts and agreements, making procedures long and expensive.

Reduces Time & Fees

Reduces time & fees with a completely digitized Procedure

100% paperless with support for e-signatures

Digital trails for agreements and contracts to accelerate outcomes while improving transparency.

Automated record keeping

Gain confidence in digital due process and awards with a certifiable audit trail accompanying every procedure. Intelligent, automated timetables and scheduling. Work smarter not harder with digital scheduling that does the coordinating for you.

Intelligent Timetable Scheduling

Works with Google, Outlook, and Office 365 for assembling timetables without back-and-forth emails and phone calls.

Become your own Lawyer

Ledger systems powered by blockchain technology can help you draft and create your own contracts as needed in the upcoming digital world.

How it reduces time & fees with a completely digitized Procedure

  • Wrap smart contracts in legal agreements in minutes using our web-based tools.
  • Sign using a private key and seamlessly interact with smart contracts..
  • Simple setup and integration with your day-to-day tools.
  • Easy to use open Application Programming Interface (API)
  • Contracts or digital assets can be stored as Non-Fungible Token (NFT) and possible to transfer ownership by digital signature.
  • Use Law Blocks Token - LBT as a medium of exchange within the entire ecosystem.

LBT is an XRC20 token utility that powers the Law Blocks Eco System which is standard built on XinFin XDC Network.

XDC Network

Why are we using XDC Blockchain Network?

  • XDC has near zero GAS fees compared to other available blockchain networks.
  • The XDC Network is an enterprise-friendly, open source, hybrid blockchain protocol specializing in tokenization for real world use cases like decentralized finance, tokenized trade assets and stable backed assets.
  • XDC Network already has third party Wallet like DCent, bitfi, Ellipal, freewallets, Guarda etc. Decentralized wallet will never manage accounts with sensitive information such as passwords, private keys, or email addresses.
  • Proven and tested energy-efficiency consensus mechanism known as XinFin delegated-proof-of-stake (XDPoS). This leverages a decentralized network of validators to securely finalize transactions and defend against potential attacks.
  • The massive acceleration of blockchain performance is one of the most important key features of XinFin. With the XDPoS consensus protocol, XinFin provides:
    • At least 2,000 TPS while still enhancing security through Double Validation
    • 2-second block-time and transaction confirmed within 4 seconds
Protects Clients

Law Blocks technology protects client's confidentiality

Providing an immutable, theoretically un-hackable data management solution for attorneys so as to gain more appointments, develop your network, create your own models of contracts for your clients or create your own templates for agreements and contracts, maintain accounts and records, and track your progress on our platform.

Advocates/Solicitors/Law Firms/Attorneys

Advocates/Solicitors/Law Firms/Attorneys/Lawyers from different countries can join, create their own reusable templates for their clients, create their own community, and be a part of Law Blocks.

Here is the deal

70 to 90% of the fee amount generated by Advocates/ Solicitors/Law Firms/Attorneys by giving their online services on our platform will be your share.

How we solve the Justice problem

Mediation and Arbitration

LB Arbitration is the new standard of digital arbitration that aims to make dispute resolution painless, efficient, and cost-effective across the globe. It is a tech-enabled arbitration procedure, compliant with the Model Law, created to improve existing arbitration procedures and provide unprecedented support for businesses and arbitrators alike. Law Blocks innovative combination of a digitized platform with leading technologies enhances transparency across parties while ensuring neutrality. The waitlist to experience the product is now open for both businesses and arbitrators.

Open Justice Platform

Resolve disputes online and save 100% of the time and 99% of the costs of conventional dispute resolution. If you are a professional or a small and medium enterprise, the Open Justice Platform is the answer for resolving conflicts and settling disputes efficiently from the convenience of your laptop. Our platform allows for a completely online procedure that delivers a legal resolution. Try out our Justice Card to get an idea of the impact of our mission.

Micro Justice - R&D

We are committed to resolving the Justice problem at any level of disputes, even micro claims that currently do not have a proper resolution method. With our Free legal aid (by Law Blocks team) and Community resolution by mass voting democratically, we are researching, testing and validating feasible ways in which micro claims (less than 500 USD) can be resolved. We are currently testing the Open Layer with our partner universally and you can access a public data here. Please keep in mind that these solutions are some of the most advanced research in the field. They are work in progress and should be treated as such.