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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.

You can then configure any Smart Clause that emits events to send data to an Audit Trail Smart Contract running on Kaleido using either an HTTP connector, or a Kafka connector.
Once the contract has been digitally signed and starts running, any emitted events will be sent from Clause for storage on Kaleido, giving all the parties to the contract a single-source-of-truth for the state of the contract and any data that has been processed.

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

 


About Clause

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.

About Kaleido

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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