Ford Motor Company, a Fortune 500 company, has joined forces with IAGON and Cloud Court to launch a proof-of-concept (POC) aimed at decentralized legal data storage, according to an 18 June announcement.
The project, built on the Cardano Blockchain, will test decentralized solutions for managing sensitive legal data in large organizations.
After the news, the IAGON -token of IAGON climbed on the press from more than 11% to $ 0.1664. According to CryptoSlate’s Data, the ADA -Toking of Cardano fell by 3% to $ 0.59843.
Why decentralized legal data storage?
The employees noticed that law firms and legal departments of companies handle enormous amounts of material, from depositions and court transcripts to confidential archives.
These records are often spread over multiple teams and platforms, which leads to inefficiencies, lost insights and serious concerns about data security.
As a result, this pilot schedule focuses on helping legal teams and companies that get control of process data.
According to the statement, the proposed system will use a hybrid infrastructure.
Legal data is encrypted and stored off-chain, while the blockchain of Cardano treats consent, access logs and data verification.
This set -up is designed to reduce data fragmentation and at the same time offer clear audit paths, stronger security and smoother internal cooperation.
In the meantime, the initiative will present the evolving utility of Cardano in Enterprise environments. If successful, the project can be a model for integrating blockchain and AI into the law, health care, finances and public administration.
Ford’s interest in blockchain technology
Ford will serve as a consultant for the exploratory project. The car manufacturer will test the solution for large-scale business use and credibility gives blockchain-stunned Legaltech.
Moreover, the participation of the company is also expected to encourage other companies to explore similar tools, especially the demand for safe and transparent data management.
IAGON said on X:
“Ford is interested in investigating whether blockchain-based distributed storage could take on legal data infrastructure challenges. In particular, Ford sees merit in investigating how blockchain technology can produce economically efficient storage and audit solutions for legal data management.”
