Ford Motor Company, a Fortune 500 firm, has partnered with Iagon and Cloud Court to initiate a proof-of-concept (PoC) centered on decentralized legal data storage, according to an announcement dated June 18. Built on the Cardano blockchain, the project aims to test decentralized methods for managing sensitive legal records within large organizations. Following the announcement, Iagon’s IAG token surged over 11% to reach $0. 1664 at press time. Meanwhile, data from CryptoSlate showed Cardano’s ADA token declined by 3% to $0. 59843. Why opt for decentralized legal data storage? The partners highlighted that law firms and corporate legal departments manage vast amounts of material, including depositions, court transcripts, and confidential filings. These records are frequently distributed across multiple teams and platforms, causing inefficiencies, loss of insights, and significant data security risks. Hence, the pilot project focuses on enabling legal teams and enterprises to gain better control over litigation data. According to the announcement, the system will utilize a hybrid infrastructure. Legal data will be encrypted and stored off-chain, while Cardano’s blockchain will manage permission controls, access logs, and data verification. This arrangement aims to minimize data fragmentation while providing transparent audit trails, enhanced security, and improved internal collaboration. Simultaneously, the initiative will demonstrate Cardano’s growing applicability in enterprise settings. If successful, the project could serve as a blueprint for integrating blockchain and AI technologies in sectors like law, healthcare, finance, and public administration. Ford’s interest in blockchain technology Ford will act as an advisor on this exploratory project.

The automaker will rigorously test the solution for scalability in enterprise contexts and lend authority to blockchain-based LegalTech. Additionally, Ford’s involvement is expected to motivate other corporations to explore similar technologies amid rising demand for secure and transparent data management. Iagon stated on X: “Ford is interested in exploring whether blockchain-based distributed storage could address persistent challenges in legal data infrastructure. In particular, Ford sees merit in exploring how blockchain technology might deliver economically efficient storage and audit solutions for legal data management. ” Mentioned in this article