Iagon's Cardano-based project has announced that legendary car manufacturer Ford will act as an advisor in managing legal documents.
Challenges in Legal Data Management
Large companies like Ford produce significant volumes of sensitive legal data, including depositions and court records. However, this information is often scattered across various systems and teams. Efficient use of such data is complicated by poor management and potential security threats.
Collaboration with CloudCourt and Development
In collaboration with software company CloudCourt, Iagon is developing a proof of concept (POC) that addresses these challenges, allowing companies to manage data securely and efficiently. The project will combine Iagon's decentralized cloud storage with CloudCourt's AI tools for processing and analyzing legal documents.
Ford's Participation in Blockchain Projects
Ford will provide advisory input based on its experience as a Fortune 500 company with a large legal department. The car manufacturer will assess the efficiency and feasibility of Cardano-powered data storage and audit trails compared to traditional solutions. Ford's involvement in this project highlights the growing traction of blockchain beyond finance.
Ford's participation in the Iagon project reflects interest from large companies in blockchain technology and new methods of data management, which could lead to significant changes in the handling of legal information.
