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Ford Motor Company has partnered with Iagon and Cloud Court to develop a decentralized legal data storage Proof of Concept (PoC) on the Cardano blockchain. This initiative aims to address inefficiencies in legal record-keeping while showcasing Cardano’s enterprise potential. The collaboration merges blockchain security with AI-driven LegalTech tools for compliance-heavy industries.
- Hybrid storage model: Encrypted off-chain data with on-chain access control for compliance and auditability.
- Enterprise adoption: Ford’s involvement signals Cardano’s viability for Fortune 500 compliance needs.
- Cardano ecosystem growth: The project aligns with surging network activity (2,004 projects) and institutional services like AMINA Bank’s ADA staking.
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Related Tags: Cardano