Ask any transactional lawyer about their work and they’ll lament the countless hours they spend drafting and managing legal agreements, collecting relevant information from each side, negotiating routine terms, and sending out and following-up with parties to collect signatures. The process is slow, laborious, and makes the practice of law a painful endeavor.

At OpenLaw, we’ve been hard at work reimagining the transactional legal process from the ground up, building blockchain-enabled solutions that dramatically reduce the time and complication of executing legal agreements. Blockchain enables the creation of n-sided marketplaces, serving as a spine that connects disparate groups of people as they manage and coordinate group activity.

By relying on the Ethereum blockchain and OpenLaw, lawyers and their clients gain the ability to use a blockchain as a common infrastructure to manage and execute legal agreements in a trusted manner. And by relying on OpenLaw’s “draft” tools, we’re now able to further streamline the cumbersome process of contract negotiation and execution.