At the invitation of Ulrich Schimpel of IBM Switzerland, our Legal Tech experts Diego Benz and Philippe Kaiser attended the online IBM EDV Gerichtsstag in Germany. They gave a lecture on the topic “Processing and digitalization of foundations by using blockchain technology”.
The Blockchain technology creates many new opportunities. Diego Benz and Philippe Kaiser used the example of Drakkensberg AG, which was founded with blockchain technology, to show how the foundation of tomorrow could look like. They discussed the advantages that new technologies bring with them, as well as possible obstacles that still exist in the law.
The digitalization of the entire process results in one major advantage: efficiency. While the process can take up to six weeks for a traditional foundation, a digital foundation can be completed within 48 hours.