Gartner Report: What Blockchain Smart Contracts Mean for Legal Operations

PLEASE NOTE THAT THIS REPORT IS NO LONGER ACCESSIBLE

DiliTrust has worked alongside legal departments for the past 25 years to support them in their digitalization efforts to better equip their legal teams to meet the demands of tomorrow. Helping general counsels, chief legal officers and legal application leaders to achieve best practices in their day to day corporate governance is at the core of our services.

According to Gartner, “By 2022, ratified smart contracts will be in use by more than 25% of global organizations.” However, much confusion abounds about how these software-coded contracts will collide with tech shy legal departments. Gartner further says, “Failing to understand this new legal reality and the “techno-legal” promise of the machine-to-machine automated contract model will put legal teams behind their competitors and ultimately decrease organizational value.”

In this complimentary Gartner Market Guide, we believe that readers can find the latest support for these critical areas:

  • What are smart contracts?
  • What are the traps to be avoided for application leaders who are supporting general counsel?
  • How can legal application leaders address the skills gap for lawyers and update their practices?

 

Gartner, What Blockchain Smart Contracts Means for Legal Operations, 27 February 2020, Lydia Clougherty Jones.

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