BYU Law, a leading national law school based in Provo, Utah, announced that it will join the Global Legal Blockchain Consortium (GLBC), an association of 100 companies that operates to augment the security, productivity, privacy and interoperability of blockchain technology.
Advancing Legal Technology Innovation
With the addition of BYU, the Global Legal Blockchain Consortium will be comprised of 100 large companies, law firms, universities and software providers. As members of the consortium, these entities will work synergistically to develop standards that govern the use of blockchain in the legal sphere.
Gordon Smith, the Dean of BYU Law disclosed that the collaboration with the GLBC is part of the university’s effort towards fostering legal technology innovation.
The Dean said:
“Working with the GLBC is the latest step in the Law School’s dedication to legal technology innovation. Our curriculum, scholarly research, and collaborations are adapting to the technological changes that shape the world our students will enter when they graduate.”
Bringing Blockchain To The Legal Space
BYU Law’s Transactional Design Project has initiated the BYU Law entry into the GLBC. The Project is committed to studying market infrastructure, including both forms of well-established and disruptive technologies.
The project serves as an incubator for new research methods and studies, acting as a platform for collaboration on both the academic and private sector fronts. These collaborations take a variety of forms.
Matthew Jennejohn, a BYU Law Professor is spearheading the Transactional Design Project. An expert on the relationship between legal institutions and economic growth, Jennejohn remarked that BYU seeks to give guidance to policy makers, thus the alliance with the GLBC is an apt move for the university’s focus.
The Law Professor said:
“Our focus at BYU is on producing cutting edge research on the latest developments in global markets, so we can provide guidance to policymakers and introduce students to the technologies that will be shaping global commerce for decades to come.”
Along with new scholarship developments and a robust network of transactional design scholars and thought leaders, BYU Law is dedicated to enabling its students to participate in an increasingly tech-driven legal landscape.
As such, the university’s curricular offerings will now include courses on blockchain and cryptocurrency, information privacy, and legal design, along with seminars on coding, legal technology and open lectures on the future of law.
David Fisher, the Director and Founder of the Global Legal Blockchain Consortium is pleased with its collaboration with NYU.
The Director said:
“We are excited to have BYU Law involved in the Global Legal Blockchain Consortium. BYU Law brings a wealth of insight and innovation in legal technology and its impact on some of the modern global economy’s most pressing issues. We look forward to collaborating with BYU Law to further the consortium’s work.”
In 2018, BYU Law hosted the first Winter Deals Conference for legal scholars and thought leaders across markets, an inaugural Blockchain Summit for blockchain professionals and lawyers, and the Utah location of the first-ever Global Legal Hackathon.
In 2019, BYU will host the BYU Blockchain Summit, which will feature eminent scholars, practitioners and thought leaders to engage in conversations on how the technology is transforming markets, institutions, digital relationships and civic life.
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