INNOVATION AT YOUR FINGERTIPS
Updated: 05/2019
CouncilBox
Spain / Vigo , Spain
Pitch
Galician startup uses blockchain technology to provide legal validity to formal legal meetings, saving up to 80% of related corporate and legal costs
Why
Costly travel to meetings
Formal corporate meetings require compulsory attendance, and traveling that accounts for 80% of meeting costs.
More efficient, smarter contracts
Blockchain encrypted technology enables businesses to virtually validate and secure any contract or certification.
Avoiding bureaucratic burden
Legal processes normally require complicated and lengthy validation to guarantee their legal validity and security.
Market
$15.9bn
Size of adressable market for legal software in the US alone, with US$3bn spent in year 2014
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Councilbox: Lawtech that helps cut corporate meeting costs by up to 80%
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