VAIOT Launches AI-Powered Legal Torch Platform to Bridge Web2 and Web3 in Legal Industry

VAIOT, a company providing AI-driven Legal Tech solutions, announced the launch of its latest product, Legal Torch, in Malta. Legal Torch is the company's first step into an ambitious initiative to bridge Web2 and Web3 and drive broad blockchain adoption in the legal domain. This AI-powered SaaS platform simplifies access to legal aid by supporting creation, management, and execution of legal documents with compliant AI assistance and knowledge base delivered in simplified language for user-friendly interactions.

The platform integrates blockchain technology for protecting contractual privacy, offering secure contractual data storage and facilitating business transactions. Moreover, it aims to gradually incorporate other blockchain capabilities, including complex VAI Token utility. Launching Legal Torch offers an initial look at VAIOT's AI capabilities, with the company's proprietary AI system incorporating the newest versions of tailored LLMs like GPT and Llama, providing unprecedented customization and insights purposefully designed for the legal industry.

VAIOT leverages AI and blockchain technologies to develop affordable and effective Legal Tech solutions within its Decentralized Law (DeLaw) Ecosystem. Its mission is to democratize access to legal support and allow people and organizations worldwide to use low-cost dispute resolution mechanisms. Legal Torch is bound to become the flagship product of VAIOT's DeLaw Ecosystem, with plans to integrate other functionalities such as the Decentralized Dispute Resolution System (DDRS), which will provide fast, fair, and cost-effective dispute resolution to protect blockchain-based business transactions and related negotiations.

The platform will include blockchain-based escrow for business deals and AI-assisted negotiation for quick and efficient resolutions. Users will also have access to decentralized jury selection and voting, with reward distribution for specialized jurors. The Juror functionality will be reserved for VAI Utility Token holders, offering a wide range of perks and benefits. VAIOT's Decentralized Law Ecosystem is supported by a utility token, VAI, which will have several use cases including payment and fee reductions for holders, staking options, and various utilities in DDRS where only VAI holders will be able to access and participate in dispute resolution as jurors.

Additionally, users and customers will receive VAI tokens as cashback for purchases within VAIOT's ecosystem. Another key component is ZK Contractual Privacy, which will ensure privacy and verifiability in digital transactions by providing zero-knowledge proofs for data verification without disclosure. This will integrate smart contracts for automated verification and guarantee enhanced privacy in contract terms and personal information. VAIOT chose to launch Legal Torch initially in Malta before expanding its availability in multiple jurisdictions worldwide, with EU markets being the short-term focus. The company plans to launch Legal Torch in another EU country in 2025, providing localized contract templates and customization for simple and cost-effective access to legal aid. You can read more about Legal Torch at https://vaiot.ai/legal-torch.