Yesterday, on February 20, the R3 Blockchain consortium, which includes financial sector giants such as UBS, Deutsche Bank, Barclays and Bank of America, announced the creation of the Law Training Center (LCoE).
As part of the initiative, law firms will hold monthly meetings, study the existing thematic materials and compose their own research work, including building on real blockchain projects.
So, last week the members of the center were granted access to the Maison project, which is being developed with the participation of the Royal Bank of Scotland and uses distributed registry technology for financial reporting. More than ten large law firms have already become members of the center, including Baker McKenzie, Crowell & Moring, Clifford Chance, Ashurst and Perkins Coie.
Jason Rozowski, senior consultant at R3 and head of the new center, said:
“We need to take final steps to ensure that the ecosystem participants, including us, feel comfortable using the technology. The idea is to explain to people what is happening in the blockchain-space, what projects we are working on and what advantages we see. “
Write: Sara Bauer