b'Using this technology, legal documentsthe Land Registrys blockchain researchdifferent in 10 years as a resultin part can also be drafted via a simple graphicalproject, successfully ran a test sale and of advancements in legal technology. interface or chat bot. A graphical interfacepurchase of a semi-detached house whichIn 2019, however, the uses of AI legal can ask the user to input the individualhad in the month prior been sold in thetechnology are impressive but not quite areas of a specific type of document whichreal-world. The real-world sale in Marchparadigm shifting.make the document bespoke (personalhad taken 22 weeks to complete, butLocal Government Lawyers 2019 survey information, payment agreements etc.) andDigital Streets app processed the sale in 10suggests that council legal budgets reflect then feed that information into a contractminutes. this with 2% of management in council template.What makes the transaction much faster,legal departments predicting that their according to Digital Streets, is blockchainstechnology budget will grow substantially Blockchain ability to automate parts of the processand a further 57% of respondents Much like AI, many see blockchain(transaction of funds and updating the Landreporting that their budget will not change technology as capable of fundamentallyRegister) as well as making each stage easilysignificantly.changing the legal profession. But, whileaccessible to all parties involved via the app.important to understand, the real-worldThe Land Registry believe thatAdam Carey is editorial assistant at Local effects of blockchain are still quite far downblockchain could enable speedier propertyGovernment Lawyer.the road.transactions, more trust in the transaction, For legal applications, the most usefulhigher levels of security and increased aspect of blockchain is its ability to facilitatetransparency for participants in the smart contracts. Smart contracts, oftentransaction. referred to as self-enforcing agreements,But blockchain (specifically, Corda) is record a contractual agreement on a publicstill only being trialled by the department database (a ledger) where it cannot beand new ways of updating the land register changed and is automatically monitoredwill be researched until 2030. Speaking on and enforced (to varying degrees ofwhether blockchain would be introduced in sophistication). the near future, a spokesman for the Land Blockchain has the potential to promptRegistry said that the project was more considerable changes in property law,to look at emerging technologies [rather] specifically in relation to transactionsthan technology we could currently use. Its and updating the land register. HM Landmaking sure we are ready for the property Registry has made advancements with themarket of the future.technology which, if implemented, wouldTime to invest?diminish the role of a property lawyerIn a 2016 report, Deloitte proposed that considerably. In April 2019, Digital Streets,the legal profession will be radically'