I’ve launched Vattelum, an open-source project building a decentralized legal system on Ethereum.

It includes a standards for citing laws, three new ways of storing law on-chain, and a tool to turn these principles into binding agreements printable in PDF.

This brings many new use-cases to the blockchain: From simple voting for policies, to freelance and trade contracts, peer-to-peer economies, and communities self-governing across borders.

The Vattelum project now has four basic applications:

A Registry allowing any expert or institution to enact laws on-chain… The Blockchain Voting System allowing any organization to put their policies and decisions to a vote without legal complexity… Decentralized Autonomous Association, transforming DAO tools to instrument for decentralized law-making… A Smart Contract Block combining on-chain laws and smart contracts into a binding agreement printable as a PDF just like any regular contract…

Suggestions and feedback welcome!

TLDR: I created a new blockchain-based legal system allowing for the creation of private governing laws and legal context for smart contracts.

submitted by /u/DecentralizedLaw [link] [comments]r/CryptoCurrencyRead More

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