Kaleido and Clause partner making it easy to connect legal contracts to permissioned blockchains
When managed correctly, legal contracts can be your business’ biggest asset, but that management requires time and resources. Clause helps you overcome contract automation challenges by changing contracts from static documents to a dynamic, integrated, part of your business.
With Clause you can digitize the text and logic of the your business’ contracts. Thanks to an integration between Kaleido and Clause, you can now send all contract events to an immutable, distributed and permissioned ledger (blockchain).
To get started, use the Clause service in the Kaleido marketplace to deploy the Audit Trail smart contract.
Smart Legal Contracts running off-chain, sending contract events to a permissioned blockchain (with the ability to publish state proofs), provides contracting parties with privacy for their sensitive commercial contract terms, while increasing transparency, and reducing disputes and expensive reconciliation.
Clause is now officially available plug-and-play to users in the Kaleido marketplace at: https://marketplace.kaleido.io/partner/clause/
Watch this demo to learn more: https://youtu.be/A56bkV5cNxU
Read the documentation here: https://clause.elevio.help/en/articles/57
Clause allows you to connect contracts to your other software platforms and external sources of data so that you can automate contract performance and operations — all from one powerful platform.
Clause is built-on the Accord Project stack, the open-source industry-led implementation for Smart Legal Agreements.
Visit www.clause.io for more information.
Kaleido, a ConsenSys Enterprise Business, is dedicated to making blockchain radically simple for organizations to adopt so that our societies will fully benefit from decentralized models and technologies. Kaleido is collaborating with cloud leaders Microsoft Azure and Amazon Web Services to offer its Blockchain Business Cloud, a full-stack SaaS platform and dedicated blockchain marketplace to accelerate the entire enterprise journey from exploration, proof of concepts and pilots to live production business networks.
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