Ford Motor Company has started a collaboration with decentralized cloud provider Iagon and AI specialist Cloud Court to explore decentralized storage for legal data.
Why is Decentralized Storage Gaining Attention in Legal Tech?
Legal data is critically important and requires the highest level of security. Traditional centralized storage systems are at risk of breaches and cyberattacks, whereas decentralized solutions offer benefits like:
* **Enhanced security:** Distributed networks significantly reduce the risk of data compromise. * **Improved data integrity:** Blockchain technology ensures that any tampering with data is immediately recorded. * **Data availability:** Data remains accessible even if one node in the network goes offline.
Collaboration Between Ford, Iagon, and Cloud Court
The pilot project involves three organizations:
* **Iagon** — a decentralized cloud platform providing infrastructure for data storage and processing. * **Cloud Court** — an AI solutions developer for analyzing legal documents. * **Ford Motor Company** serves as an advisor, offering real-world requirements and experience in managing legal information at the corporate level.
Benefits of the Pilot Project and the Future of Decentralized Technologies
The main goals of the pilot project are:
* **Testing security:** Assessing the risks of data breaches and unauthorized access. * **Improving data access:** Evaluating the speed of access and reliability of data storage. * **Optimizing workflows:** Streamlining tasks related to legal documents. * **Assessing potential cost savings:** Reducing infrastructure costs in the long run.
The collaboration between Ford, Iagon, and Cloud Court highlights the growing recognition of decentralized technologies as effective solutions for managing legal data. The success of the pilot project may lead to broader applications of decentralized solutions in the legal field and other areas requiring secure storage of sensitive information.
