Ford Ventures into Blockchain with Cardano-Based Cloud Service

According to PANews, Ford Motor Company has announced its role as an advisor for Lagon, a decentralized cloud service based on the Cardano blockchain. This collaboration marks another step for the automotive giant into the blockchain sector. Ford will partner with legal technology firm CloudCourt to conduct a proof of concept (PoC) project, focusing on the digitization and security of legal data. The initiative aims to address a longstanding challenge faced by large enterprises: managing and safeguarding sensitive legal documents, such as court records, testimonies, and compliance reports. The project integrates Cardano blockchain with AI technology to provide an immutable audit trail for legal documents under a zero-trust architecture. Ford will leverage its extensive legal experience as a Fortune 500 company to assess the effectiveness of this solution compared to traditional data management systems.