Hogan Lovells Launches Blockchain-Powered 'DriveChain' in Hopes to Expedite Document Management | Legaltech News – Law.com
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NEWS
A three-way collaboration between a blockchain company, an investment bank and a law firm led to Hogan Lovells’ new document management system, which utilizes blockchain technology to secure and automate repetitive processes.
April 11, 2022 at 08:02 AM
4 minute read
Automation
Legal Tech Reporter
Global firm Hogan Lovells on Monday became one of the first Big Law firms to launch its own document and contract automation technology, powered by the blockchain.
The technology, dubbed DriveChain, allows for interoperability of document and contract management software. DriveChain specifically acts to turn PDFs and word documents into “smart documents” enabling data to be extracted in seconds to increase the efficiency of data processes and accuracy of document review.
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