Smart contract pioneer OpenLaw has integrated Chainlink’s decentralized oracle service to denominate agreements in US dollars and settle them in the Ether cryptocurrency, ‘creating the first real world link between traditional agreements and fiat currencies‘ says the New York-based team.
Readers will have noted related announcements and what they mean to the market over the last week in Artificial Lawyer. Check out the story on the ChainLink relationship here, and also working with Rocket Lawyer here.
What this video does that we have not seen before is that it shows this approach is not just a theoretical model – this is a real integration, i.e. OpenLaw can do this for real. It works.
Enjoy, it’s about six minutes long.