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What will be the impact of technology on the legal profession?
What will be the impact of technology on the legal profession? The first massive innovation in the present-day business world is definitely the trend of the blockchain technology which will allow the next level of self-executing contracts to come into existence. Anyone who knows anything about this technology knows full-well that the information stored in the block cannot be altered by a third party, seeing as how it would more or less require them to change the entirety of the internet. In this way, digital contracts can become both more reliable and more trustworthy, but there’s more. They can enforce themselves, due to the fact that, when combined with the IoT (internet of things), it creates a unique system capable of self-governance.
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