Insider Business When law meets Blockchain

When law meets Blockchain

The Nicosia-based law firms of Stelios Americanos Co LLC and Ch. P. Savvides Associates LLC have merged, paving the way for a new era in the provision of legal services.

And all this because of the creation of new legal synergies on innovative technology business ideas such as Blockchain, Dr Charis Savvides told Insider in an interview.

The merger, he added, aims to add new and innovative practice areas as well as broaden and strengthen existing services through the introduction of new technology such as Blockchain. This paves the way for faster and less expensive legal procedures.

Dr Savvides also said that today’s demands are a lot more intense than in the past, and therefore the introduction of technology into our lives as well as in law-making is inevitable. This merger marks the first law firm both in Cyprus and abroad applying Blockchain technology to its legal services.

“The merger aims to provide something more substantial in the field of legal services since legal services will gradually acquire a new content or undergo a transformation especially due to new technologies such as blockchain and artificial intelligence,” he said.

“It also offers the ability to audit the authenticity of stock certificates from anyone interested in any corner of the globe through the company’s website and utilizing specialized software. Enabling this feature is based on the issue of digital stock certificates, which through blockchain technology acquire a unique digital identity, allowing anyone interested in the digital file to confirm its authenticity within seconds, inexpensively and without the mediation by any third party,” he added.

Dr. Savvides then stressed that the increased attraction over the recent years of significant investment funds in Cyprus creates the need for specialised personnel in the provision of legal services – something that Cyprus today lags behind.

* The whole interview is posted on Insider Business Portal of Philenews

 

Read more:

https://in-cyprus.com/invest-cyprus-welcomes-blockchain-technology/

Top Stories

Rain on the way all across Cyprus, snow on Troodos mountain

Rain all across Cyprus is on the way and so is snowfall on Troodos mountain, according to the Mediterranean island’s Met Office. The depth of...

Cyprus’ municipal solid waste per inhabitant among highest in EU

Cyprus' municipal solid waste per inhabitant is one of the highest in the EU, according to data released on Tuesday by the island's Statistical...

Help desk for “CyprusFlightPass” e-platform in operation as of Monday

A help desk assisting passengers who intend to travel to Cyprus from abroad and may have queries regarding the use of the e-platform “CyprusFlightPass”...

UK to unveil hotel quarantine plans, public told not to book vacations

Britain will announce on Tuesday whether it will bring in mandatory quarantine in hotels for some or all arrivals, the country's coronavirus vaccination minister...

Sokratis joins Olympiakos after Arsenal exit

Former Arsenal defender Sokratis Papastathopoulos has joined Olympiakos Piraeus on a deal until the end of the 2022-23 season, the Greek Super League champions...

Taste

Squash soup

Ingredients: 1 kg pumpkin, cut into small cubes, approximately 5 cups 2 medium (400g) sweet potatoes, cut into cubes, approximately 2 ½ cups 1 chopped leek, only...

Mezedes

No visit to Cyprus is complete without enjoying the traditional meal of many small dishes known as ‘meze’. This large feast, which has been a...

Prawns with fried cheese, barley shaped pasta

Put the barley shaped pasta into a small pan with salted water, bring to a boil and when tender, drain. Peal the prawns leaving...

Salmon and shrimp sheftalies

Mix all ingredients for tabbouli in a bowl and keep to one side so flavours can combine. Prepare the sheftalies: wash and soak the casing...