Blockchain

Story: OpenLaw and Chainlink are Linking the world of Smart Contracts and Legal Contracts

By Ayobami Abiola

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Smart Contracts are originally a replacement of paper contracts. Paper contracts require intermediaries to make them binding.

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Outside the online form, smart contracts might not be relevant in courts. Physical contracts take a lot of effort from developers to be converted to smart contracts.

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OpenLaw opens and bridges the disconnect between paper contracts and smart contracts. With OpenLaw it is possible to automate the conversion of paper contracts to smart contracts…

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“@OpenLawOfficial is bringing #ethereum smart contracts and #chainlink to the billion+ user Microsoft Office ecosystem… Smart contracts (and smart legal agreements) are evolving…

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Users can automatically generate agreements and save them in Dropbox, or any online storage service as a document which can be edited in Microsoft Word.

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OpenLaw has opened a new era for smart contracts. It will now be easier to regulate on-chain contracts.

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Chainlink has brought its vision of connecting smart contracts to real world data sources to fulfillment and fruition in every sense of it.

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