The Accord Project has announced the addition of several global law firms and organizations as new members and collaborators. Magic Circle firm, Clifford Chance is joined by Perkins Coie, Steptoe & Johnson, Pinsent Masons, Allens, and Baker Donelson in joining the growing membership of the Accord Project.
The Accord Project is a community initiative to develop an industry-led specification and open source technology for smart legal contracts. It is based on industry-driven requirements for transactional legal practice and dispute resolution and counts leading enterprise blockchain platforms such IBM Blockchain, R3’s Corda, Symbiont, and Sweetbridge amongst its partners and collaborators.
“The latest members to join the Accord Project represent the growing importance of the Project to the legal community,” said Peter Hunn, Founder of the Accord Project.
The Accord Project is the organization for the development of techno-legal specifications for smart legal contracts and distributed ledger applications in the legal industry.
The purpose of the Project is to enable lawyers, law firms, trade associations, and corporates to help establish open implementations for the future of contracting; and to produce open-source code for smart legal contracts and distributed ledger usage in the legal industry.
The Project operates in collaboration with IEEE, the International Association for Contract and Commercial Management, Hyperledger, R3, Decentralized Identity Foundation, and a number of leading trade associations, industry and standards organizations, and leading law firms.
Photo courtesy: Accord Project