Bitrue Lists LawBlocks ($LBT) – A Decentralized Legal World Built on XDC Network
Dubai, UAE, July 4, 2022, ZEXPRWIRE, Law Block is a community-driven legal contract-based platform for creating legal documents on blockchain technology fueled by the XRC-20 utility token $LBT listed on the Bitrue exchange and the trading is live for LBT/USDT pair on July 1, 2022, providing easy access to the community.
Law Blocks makes it easy to create legally binding contracts and store such contracts driven by the Law Blocks ecosystem supported by the $LBT. The listing on Bitrue is a progress toward the LawBlocks ecosystem providing access to $LBT globally per the roadmap.
LBT is a medium of exchange within the entire ecosystem built on XinFin XDC Network as it suits the vision of Law Blocks with significant advantages over other networks, such as near-zero gas fees and high-speed transactions. It consumes at least 99% less energy than proof-of-work (PoW)-based systems and suits the Law Blocks platform’s basic requirements.
“We are bringing traditional documents and law system to smart contract using blockchain technology. This is massive step towards decentralized of legal world. We welcome the community suggestions at every development phase to give the best to our community and achieve great success. “ commented by the Hitomi, Founder of Lawblocks.
How do “Law Blocks” work?
We’re formulating the platform to facilitate making template-based contracts painless, effective, and cost-efficient across the globe. Law Blocks makes it easy to create legally binding contracts and store such contracts driven by the Law Blocks ecosystem supported by the XRC-20 utility token. We’re putting the contracts for our clients at the center of our process, an experience that is transparent and reliable while maintaining privacy and confidentiality in an automated contract, as, at times, there are future obligations in a smart contract, where the contract has to sustain over a period of time, payments have to be delivered, trade obligations have to be fulfilled, funds have to be delivered, along with interest payments done in future, which is time-bound and more and further obligations to be complied with and managed. The law blocks technology using blockchain, and smartcontract-based automation is the solution.
About Law Blocks
Law Blocks is a user-friendly, time-saving, and community-driven, legal contract-based platform for creating legal documents (on blockchain technology) such as Agreements, Power of Attorney, Business Contracts, Declarations, Affidavits, Memorandum of Understanding, etc., subject to yourselves following the prevailing laws in the country in which it has to be acted upon and subject to yourselves following the process of ensuring the validity of those documents in accordance with the law, which is cryptographically signed by each party thereby acknowledging their covenants.
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