LegalThings One logo

LegalThings One

Blockchain

Blockchains for Decentralized Workflow Applications

Date 14.01.2019 - 17.01.2019

Hardcap 5,200,000 $

Rating

bronze+

LegalThings allows enterprises and governments to organize interorganizational work processes anonymously, while maintaining full compliance with the requirements of the GDPR (General Data Protection Regulation) and data confidentiality.

The project expands the interpretation of smart contracts to the level of live contracts. This allows you not only to record intermediate states, but also to instruct users and computers about next steps in the workflow.

The platform consists of a public blockchain and private blockchains. For each live contract, its own blockchain with a custom logic is created. Each event in the application is recorded in the blockchain according to the specified logic and cannot be deleted. Special attention is paid to data protection and compliance with the GDPR.

Partners: Merin is one of the largest platforms for working with commercial real estate. Merin will use Legalthings for contracts related to the rental of offices. Also, a partnership with https://www.dekra.com/en-us/home/ and http://www.cloud9music.nl/ is announced, which will use the LegalThings platform in their business processes.

There are 16 people in the team. Rick Schmitz, CEO, was a lawyer in the field of direct investments, mergers and acquisitions on both PwC and Deloitte. Rick is also the founder of the successful Dutch startup Firm24. Arnold Daniels is a software engineer with more than 20 years of experience. He has a degree in computer engineering and is a certified AWS architect. Arnold is a former leading software engineer in Cloud9 IDE (acquired by Amazon in 2016).

The winner of the Blockathon Ministry of Justice and Security. An integrated approach to building a platform. The problem of many blockchains is that they develop only the blockchain itself. In this project, a complete system is being developed that will allow to integrate blockchain technologies into real business processes faster. Partnerships with real business and government bodies. Information about metrics and funds is missing. An interesting European project. The idea is very good, so to speak necessary. It is definitely worth attention.

 

Country

Netherlands, Holland

Ticker

LTO

Token type

ERC-20

Token price

0.03 USD

Available for token sale

42%

Total tokens

457,000,000