October 12, 2018
Latham & Watkins has joined the Global Legal Blockchain Consortium (GLBC), a group of industry stakeholders focused on enhancing the security, privacy, productivity, and interoperability of blockchain technology.
"Blockchain technology is creating enormous opportunities for business in almost every industry, including the legal sector, and we are delighted to join the GLBC and collaborate with other leaders to advance the debate in this fast-evolving and far-reaching area,” said Ken Heaps, Chief Information Officer at Latham & Watkins.
Vivian Maese, Global Co-Chair of Latham’s Financial Institutions Group and FinTech Industry Group, added: “Latham is a leading authority on blockchain matters, and we are pleased to add our voice to the conversation and share our expertise and know-how in support of GLBC’s important mission to unleash blockchain’s full potential in the legal field.”
More than 120 large companies, law firms, software companies, and universities have joined the GLBC to develop standards to govern the use of blockchain technology in the business of law. The consortium focuses on a range of issues, including data integrity, authenticity, security, and privacy for contracts and documents, interoperability between corporate legal departments and law firms, and productivity improvements in the operation of legal departments and law firms. For more information about the GLBC, visit the website.