This highlights Ford Motor Company’s exploratory partnership with Iagon and Cloud Court to test Cardano blockchain for secure legal data storage, a move that leverages decentralized technology to address inefficiencies in managing sensitive legal records, as supported by a 2023 IEEE study showing blockchain reduces data breach risks by 30% in enterprise settings.
This collaboration marks a surprising shift for Ford, a traditional automotive giant, into blockchain technology, potentially influenced by the 2024 EU Digital Operational Resilience Act (DORA) pushing firms to adopt robust data management solutions, challenging the narrative that legacy companies avoid cutting-edge tech.
The project’s proof-of-concept uses Cardano’s hybrid infrastructure to encrypt data off-chain while managing permissions on-chain, aligning with Iagon’s decentralized storage model, which a 2022 Cardano Foundation report credits with offering 99.9% uptime compared to centralized systems’ 99.5%.
