Curiositas Joins Project Accord For The Development And Standardization Of Legal Principles Underlying Smart Contracts.
Curiositas is pleased to join Project Accord for the development of smart contracts. Project Accord in their own words:
A project to develop open source technology and standards for “computational contracting” for the legal world that deploys blockchain technology and distributed ledgers is set for an imminent launch. Representing the first legal smart contracts consortium, the initiative is supported by leading law firms as well as organizations including Linux Foundation’s Hyperledger and the International Association for Commercial and Contract Management (IACCM).
Dubbed the Accord Project, partnership with Hyperledger, an open source collaborative effort created to advance cross-industry blockchain technologies hosted under the Linux Foundation, is being hailed by the tech pioneers behind the venture as a “milestone event” for the development of blockchain and distributed ledgers in legal contracting. Accord is an initiative from Clause, a legal tech start-up pioneering data-driven contracts and ‘Software-as-a-Service’ product transitioning contracts from static documents into real-time, integrated, components of commercial systems. It is a member of the Hyperledger Project and like Accord based in New York, and raised funding for the initiative earlier this year.