Blockchain Consortia

Global Legal Blockchain Consortium (GLBC)

Name of Association/Consortium

Global Legal Blockchain Consortium (GLBC)

Website and Maturity

https://legalconsortium.org/

Website Maturity: Mature

Focus

  • Business

Functional Area

  • Other/Unknown

Region

  • Region - Global

President/Executive Director

David A. Fisher

Exact title

Founder & CEO

Key Contact and Title

Founder & CEO

Mission Statement of Association

The mission of the Global Legal Blockchain Consortium is to enhance the security, privacy, productivity, and interoperability of the legal technology ecosystem.

Charter/other text describing objectives

The consortium is focused on:

  • Data integrity and authenticity for contracts, documents, and similar data.
  • Data privacy and security for contracts, documents, and communications.
  • Interoperability between large corporate legal departments and law firms.
  • Productivity improvements and cost savings in the operation of legal departments and law firms.
  • Use of blockchain to fortify and augment existing legal technology investments adding important functionality to legacy systems to extend their useful life.

Member companies

The Global Legal Blockchain Consortium is comprised of over 140 large companies, law firms, software companies, and universities.

The current roster of members includes law firms such as BakerHostetler, Latham & Watkins, Seyfarth Shaw and Shearman & Sterling; companies such as Thomson Reuters, Liberty Mutual and IBM; and organizations such as Michigan State University College of Law, Suffolk University Law School, and BYU Law

Membership fees if any

Currently zero. It is anticipated that eventual membership fees will be nominal. Members are developing proofs of concepts with blockchain technology.