Australia’s leading scientific research body is co-operating with law firm Herbert Smith Freehills and IBM to build a legal contracting blockchain platform called the Australian National Blockchain (ANB).
The aim is for the ANB to enable businesses to digitize legal contracts and exchange data affecting those contracts. Additionally, it will help confirm the authenticity and legal status of the ‘smart legal contracts’ (SLC).
The Commonwealth Scientific and Industrial Research Organisation (CSIRO) is an Australian Government corporate entity for scientific research. The organization also facilitates the use of the research. It’s CSIRO’s Data61 that’s driving the ANB project.
Article continues …
Want the full story? Pro subscribers get complete articles, exclusive industry analysis, and early access to legislative updates that keep you ahead of the competition. Join the professionals who are choosing deeper insights over surface level news.
