Ford Motor Company is stepping into the blockchain space once again, this time as an advisor to Iagon, a Cardano-based decentralized cloud service. Iagon is developing a proof of concept (POC) in collaboration with legal tech firm CloudCourt to streamline and secure the management of sensitive corporate documents such as court records and depositions.
Large enterprises like Ford generate vast amounts of legal data, often scattered across multiple systems, making it difficult to manage and analyze. Iagon’s blockchain infrastructure, paired with CloudCourt’s AI-driven legal tools, aims to centralize, secure, and efficiently process this data. The project leverages Cardano’s decentralized storage capabilities to offer immutable audit trails and enhanced data integrity, addressing critical pain points such as security vulnerabilities and inefficient data handling.
Ford’s advisory role will include evaluating the feasibility and efficiency of the blockchain solution compared to traditional systems, bringing its insights as a Fortune 500 company with an extensive legal department. The involvement of a legacy automaker like Ford underlines growing enterprise interest in blockchain applications beyond cryptocurrencies.
This is not Ford’s first foray into blockchain. The automaker previously worked with IBM and LG Chem on ethical cobalt sourcing and was a founding member of the MOBI blockchain consortium alongside BMW and General Motors. Ford also filed multiple metaverse-related trademarks in 2022.
Iagon emphasized that Ford’s participation showcases how blockchain is evolving into a foundational technology for enterprise solutions. By merging decentralized infrastructure with artificial intelligence, the project represents a significant step forward in digital transformation for legal data management.
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