StonePaper, an app launched in February 2016 will help people to get divorced on Blockchain. StonePaper app is now available in an invitational beta phase, which means the public can sign up with an invitation.
Matthew Rappard ,a developer based in Toronto thinks the Blockchain Technology could empower people to do their own legal work instead of hiring expensive lawyers.
Most Canadians will need a lawyer if they are going through a divorce, a wrongful dismissal case or any other legal issue. But many won’t be able to pay for one. According to Canadian Lawyer‘s 2016 legal fee survey, the average cost of an uncontested divorce in Ontario is $1,302, as just one example, and a simple will costs $521.
StonePaper App was launched to tackle this problem. It empowers people to do their own legal work and save the money on hiring expensive lawyers by using this product developed using Blockchain Technology.
Blockchain Technology is the key technology behind the world’s first decentralized peer-to-peer cryptocurrency i.e, Bitcoin.
Apart from Bitcoin, it is also used in developing various other cryptocurrencies. But now, Blockchain is not limited to just virtual currencies and financial sectors. The technology is being adopted in various other sectors as well like Real Estate, Healthcare, Music and Entertainment, Election, Food and Beverage, etc.
Click here to read detailed article explaining the technology.
It would be possible using Ethereum’s smart contract enabled Blockchain technology.
Information stored on the Blockchain is “immutable,” or unable to be changed. In a normal database, a contract might be susceptible to tampering, but this technology allows an entire contract to be stored on thousands of computers all over the world. Anyone can see that a particular contract has been created and can verify that it is a real contract, but cannot read it without the user’s permission.
To carry on the divorce litigations, instead of hiring a lawyer, a person could file a grievance on the blockchain, which would automatically notify the spouse, and begin generating the necessary paperwork for a court case.
The spouse could then use the same contract to generate a report defending himself, or take whatever other steps are necessary to resolve the issue.
If it involves any payments, the spouse can pay on the Blockchain based platform as well. All payment could go through the blockchain so that the court would have a complete list of all transactions. This would ideally reduce court costs, and allow users to resolve many legal issues themselves.
The electronic contract could be signed just like any contract. The user would be given a memory address to where the contract exists on the blockchain technology based platform
StonePaper is founded by Matthew Rappard,33, a Toronto based developer in 2016.
StonePaper provides each user with a unique identity.
“You would make an account, which creates an Etherium wallet, then a bank or lawyer would swear that this wallet belongs to you. Now if you were to go to any site and sign a document, when you click ‘send,’ that entire document is digitally signed with that wallet. Since a lawyer or bank has agreed to say that wallet is you, it means only you could have put it on the Blockchain,” said by the Founder in an interview.
Cost of the service would vary based on the lawyer and the type of contract used.
“Anyone can write their own contract [but] lawyers are normally better at it. And since electronic contracts are governed by the same laws as paper ones, you need a lawyer to do something complicated,” explains the Founder.
But when it comes to legal matter and technology, unsurprisingly, not everyone is comfortable with it.
“The biggest hurdle is just getting people in the blockchain mindset. Some people generally don’t like to trust a computer if they can avoid it. Judges and lawyers can be especially wary of new technology.” says the Founder.
Still, with legal services out of the reach of many because they’re so expensive, a service like this will have its appeal
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