The Legal Services Board (LSB) has said blockchain technology could cut the cost of legal services for consumers. The LSB has urged front-line regulators to embrace the opportunities provided by blockchain and peer-to-peer distributed ledgers. Its research shows that only 2% of legal service providers are currently using blockchain. Dr Helen Phillips, LSB chair, said: “The potential uses of blockchain technology are both enormous and exciting, and it’s vital that the legal services sector seizes the opportunity to use it to improve access to justice.”
Time to embrace blockchain, says LSB
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