Ripple Invests in Blockchain Disruption of the Legal Industry

By Rajat Gaur

Australian National University (ANU)’S law school has offered a new blockchain course offered this year with financial support from Ripple’s University Blockchain Research Initiative (UBRI). 

Cointelgraph states that Lauren Weymouth, Senior Manager of the UBRI’s University Partnership Program, and Scott Chamberlain, the curriculum academy found out detailed insights about how blockchain can harm the legal industry and paternship between ANU and UBRI. 

Chamberlain is expected to work with the developers of Toast XRPL Wallet, Richard Holland.

Chamberlain states that the very first unit is expected to explore legal issues. Moreover, it is reported that they are also planning to examine theory surrounding smart contract and Distributed Ledger Technologies (DLT). 

Moreover, Chamberlain believes that students gain whatever learning is provided to them and create a whitepaper outlining how they would use the ‘Lex Automagica’ in the ability for a large number of people to know and enforce the legal rights and obligations in an appropriate consistent way.   

Chamberlain has come up with the name for “the concept of using a combination of technologies to automate regulation and law and also to remove the middlemen”. The concept is recognized by ‘Lex Automagica’. The project is anticipated to be conducted in ANU’s law school in Canberra. 

In the year 2018, Chamberlain reached out to UBRI to examine Lex Automagica using Codius. In the previous year of February, UBRI pledged over $1 million toward development courses understanding the progress of blockchain technologies for law applications. 

Laren Weymouth stated that in May 2018, the program was connected with Scott. When he visited the business development department of Ripple’s, at the same time UBRI released the plan of partnership with Australian National University into the program.