Monax Platform (a blockchain for lawyers)

2019: Start of the platform

In the middle of February, 2019 the Monax Industries company announced start of a blockchain platform for lawyers. By means of Monax Platform it is possible to receive services in registration and tracking of legal "smart contracts" using the protected digital magazine.

The platform allows the companies of small and medium business to use digital contracts, reducing risk of cracking and simplifying tracking and the analysis of contractual commitments in real time. The closed beta of the Monax platform was started in December, 2018, and by February, 2019 tens of the companies began to use it.

In February, 2019 the global blockchain platform for lawyers was started

The platform consists of two parts: Monax Dealspace and Monax Studio. Monax Dealspace is the decentralized market of contracts which allows the parties to delegate and coordinate contracts within one group. Its functions include creation of one-time contracts, automatic copying and tracking of network of the contracts connected with business operations. Monax Studio is a visual editor who allows users to create "smart" contracts without need to study programming. Using Monax Studio, users will be able to develop and test contracts which then can be published on the Monax blockchain platform for execution.

Monax Platform is founded on Agreements Network — a blockchain platform open source which was created by Monax in 2018 in cooperation with a number of partners. Agreements Network is connected with Ethereum, the second in value blockchain platform in the world, and uses modeling of a business activity and blockchain technology to create the mechanism for development of "smart" contracts for business operations.

The subscription for the Monax platform costs from $25 a month, and many packets of functions are configured according to needs of the user.^[1]

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