Compliance matters: LegalThings One signs strategic partnership with Waves
Legal tech startup LegalThings will be launching blockchain products for European and global enterprises starting from June, as a part of a long-term strategic partnership with the Waves Platform: ranging from the tokenization of company shares to supply chain- and real estate solutions.
LTO Network enables people to participate in the legal system without the need to rely on lawyers or trust organizations and governments blindly. Moreover, the project significantly cuts down on bureaucracy, mitigates fraud and corruption, whilst allowing automation of agreements and laws, without giving full control to the machines. The LTO Network distributed system stands out from its competitors by being compliant with upcoming GDPR- and other data privacy regulations.
“LegalThings has been on the market for over four years, having worked with big clients, like the Dutch government and large corporations. Their unique experience and expertise paired with our cutting-edge technology will positively disrupt legal and blockchain industries, bringing them to a higher quality level. The LTO Network partnership is a great start at bringing a compliance component onto blockchain”, — says Waves CEO Alexander Ivanov.
The partnership was recorded on the Waves public ledger in block 1.000.001 as a sign of a new and prosperous collaboration between Waves and LegalThings.
“We are extremely excited to work together with the Waves Platform in order to bring blockchain to the real world. We strongly believe our partnership will be fruitful and will help the mainstream adoption of blockchain on a wider scale. It’s a unique collaboration where the existing legal tech solution meets the cutting-edge distributed ledger technology. In the coming months, we are going to be working together on numerous projects for major corporations and governments around the world, details of which will be disclosed soon”, — says LTO Network CEO Rick Schmitz.
LTO Network has been recognized by respected institutions, including the Dutch and Belgium governments and has been working with renowned corporates and law firms, which include Heineken, DEKRA, CMS Law & Tax, Velcro and Cloud9.