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:

Top Stories

Supporting or opposing Amy C. Barrett for the Supreme Court

An activist supporting the nomination of Amy Coney Barrett to the Supreme Court prays as counter protesters stand at the Supreme Court in Washington,...

Tonnes of carob stolen from Limassol Co-op carob warehouse

A total of 35 tonnes of carob were stolen from the Limassol Co-op carob warehouse, Philenews reported on Tuesday. Police also said the theft was...

Three injuries from two separate accidents in Paphos district

Three people were injured in two separate traffic accidents in Paphos district over the past 24 hours, Philenews reported on Tuesday. In the first one,...

UK study: Evidence of waning antibody immunity to COVID-19 over time

Antibodies against the novel coronavirus declined rapidly in the British population during the summer, a study found on Tuesday, suggesting protection after infection may...

Worldwide coronavirus cases cross 43.32 million

More than 43.32 million people have been reported to be infected by the novel coronavirus globally and 1,156,285​ have died, according to a Reuters...


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...


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...