The trouble with modern vehicles becoming more and more connected is that they’re collecting more and more of our personal data, which has become a point of contention as of late. For its part, Ford has worked to prevent fraud and protect privacy in various ways over the years, even going so far as to team up with the Mobility Open Blockchain Initiative (MOBI) to give vehicles “birth certificates” and launch a blockchain initiative to identify environmental or human rights violations in the supply chain. Now, Ford is teaming up with another company to help solve legal data challenges.
That company is Iagon, which just announced a new Proof of Concept (PoC) initiative in collaboration with Cloud Court that will receive advisory support from Ford Motor Company. The PoC aims to explore the use of decentralized cloud storage for secure, scalable legal data management for large corporations and law firms. Those types of companies generate massive amounts of records that can be highly sensitive or confidential in nature, and are typically governed by strict compliance rules, but oftentimes, those entities still rely on fragmented storage systems.
Trouble is, that means this type of data can be hard to find, creating inefficiencies, and also presents a security risk. As such, the new PoC aims to address those issues by creating a secure and decentralized infrastructure for storing those types of documents, combining Iagon’s blockchain-enabled storage layer, Cloud Court’s AI-driven LegalTech tools, and Ford’s strategic insight as a large corporation with extensive compliance expertise and legal operations.
As for what Ford can offer, it’s intended to bring meaningful enterprise perspective to the effort, given the fact that it has one of the most complex legal infrastructures in the corporate world. Ford will help evaluable the security and scalability of decentralized legal data storage, the feasibility of implementing blockchain-based access controls and audit trails, and the long-term cost efficiencies compared to traditional centralized storage solutions.
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