Piper Alderman “first Australian legal firm” to use blockchain-based payment guarantee
Piper Alderman makes history as "Australia's first law firm" to use Lygon, a blockchain-based platform that streamlines paper-based payment guarantees. This breakthrough will help the law firm "enjoy greater efficiency and security over guarantees". Piper Alderman is the "first law firm in Australia to include a blockchain-based payment guarantee" in a commercial agreement, the company announced today. Michael Bacina, partner of Piper Alderman, on the announcement: "The transformative nature of distributed ledger technology is just beginning and I am excited to be doing a small part in modernizing and improving legal practice." Bacina claimed that "paper-based payment guarantees have always suffered from inefficiency and risk". "The Lygon platform, supported by major banks and IBM blockchain technology, is designed to help Piper Alderman and our customers enjoy greater efficiency and security over guarantees," ...