Blockchain in legal industry is transforming how legal documents are stored, verified, and executed. By using decentralized ledgers, blockchain offers an immutable and transparent way to record contracts, reducing the risk of fraud or tampering. Smart contracts, automated agreements written in code, execute themselves when predefined conditions are met. This can streamline processes like contract management, intellectual property protection, and dispute resolution. Blockchain also improves the efficiency and transparency of legal transactions, offering new ways to enhance compliance and reduce administrative costs.
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