Broad research networks and open-source projects are working their way out from their traditional home in academia and into the legal technology community. Dynamic contract platform provider Clause launched a smart contract consortium, the Accord Project, touting support from the Linux Foundation’s blockchain project Hyperledger, the International Association for Commercial and Contract Management (IACCM) and matter management software company Clio. The initiative seeks to formalize standards around technology enabling legally-enforceable ” smart contracts ” and generate open-source tools for further industry development.
Peter Hunn, CEO of Clause, told Legaltech News that the new consortium is part of an effort to create enough standardization and acceptance around smart contracts that legal organizations can feel comfortable enough to use them.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]