Jur announced that they had successfully completed a round of funding thanks to the VeChain Foundation, with which they also signed a strategic cooperation agreement.
Jur is a decentralised blockchain-based ecosystem for creating smart contracts with legal value, with the goal of enabling rapid and equitable justice on a global scale for contracts of any type and size: it allows companies, lawyers and other professionals to create and use legal smart contracts for their daily activities and to build a jurisdiction on blockchain to offer fast, convenient and equitable dispute resolution, thanks to the JUR token.
The strategic agreement signed with the VeChain Foundation aims for synergistic reciprocal support and to create value for the VeChain ecosystem by establishing a common path for years to come.
“We are at the beginning of the legal tech rise, and blockchain technologies can change the rules of the game. Jur is the pioneer on the use of blockchain on matters of legal interest and together with our community we are creating a comprehensive ecosystem totally built on new models and concepts, breaking with the past”,
Says Alessandro Palombo, CEO and co-founder of Jur.
Sunny Lu, CEO of VeChain Foundation, said:
“As VeChain we decided to invest and select Jur as the infrastructural partner for the legal solutions on blockchain. It is invaluable to create solutions for enterprises for creating legally binding agreements on-chain in an easy way and solve disputes easily and we as VeChain are focused on adoption by businesses. We welcome Jur as our Partner and foresee a great level of use by the community”.
Jur’s CEO, Alessandro Palombo, added:
“There is no other blockchain project that shares our vision so closely. We are glad to start this adventure together”.
