Law firm DLA Piper operates in over 40 countries and is one of the three biggest law firms in the world. But just because it's an old-school company in an old-school industry doesn't mean that it (or any other similarly positioned organization) cannot leverage technology to seize a competitive advantage for itself and its customers. At World Economic Forum 2023, Blockchain Journal editor-in-chief David Berlind met with DLA's Chief Innovation Officer Andy Gastwirth who explained why a global law firm needs a chief innovation officer as well as the significance of using blockchain to tokenize real-world assets; everything from office buildings to race horses. Two driving factors have to do with the idea of fractionalizing those assets and optimizing a multitude of complex and legal workflows to involve significantly fewer people, paper, and process-based friction than they do today (think "digital transformation"). As Gastwirth says in the interview, it just means you have to reimagine those old-school processes as digital processes. In the legal world, blockchain-based tokenization will be key to that reimagination.

To watch the video version of this podcast or read its full-text transcript, go to:

https://blockchainjournal.com/interview/top-3-global-law-firm-seizes-first-mover-advantage-tokenize-almost-everything-blockchain/

The video can also be watched on Blockchain Journal's YouTube Channel at https://www.youtube.com/watch?v=Zkz6ZEyCSlI