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Ford Motor Company has partnered with Iagon and Cloud Court to pilot a decentralized legal data storage solution on the Cardano blockchain. The proof-of-concept aims to streamline sensitive record management for large organizations. The announcement boosted Iagon’s token while Cardano’s ADA saw a slight dip.
- Ford’s PoC uses Cardano’s blockchain for permission controls and audit trails while storing encrypted legal data off-chain.
- The initiative highlights Cardano’s potential in enterprise applications, with possible extensions to AI-integrated sectors.
- Iagon’s IAG token rose 11% on the news, reflecting market optimism about decentralized storage solutions.
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