The integrity of blockchain, the intelligence of AI
The WorldNDA project is a community project being led by IBM Watson Legal and Integra Ledger. The purpose is to apply artificial intelligence and blockchain technology to the reduction of burden, cost, and risk associated with the current NDA lifecycle - for all parties, worldwide.
Integra Ledger - Blockchain for Law
The Integra Ledger is the blockchain for the global legal industry. Governed by the Global Legal Blockchain Consortium, it is designed to be a utility for the global legal industry to authenticate the existence, uniqueness, and provenance of legal data; including documents, contracts, communications, data, evidence, individuals, and organizations. For the WorldNDA project, the Integra Ledger will be used to confirm the existence and uniqueness of NDAs, the identity of signatories, and the identity of organizations, without requiring access to the actual contents of the NDAs; leveraging the unique features of blockchain technology to simultaneously increase integrity and confidentiality.
IBM Watson Legal - AI for Law
With a dramatic improvement in integrity of the data in the world’s NDA ecosystem, organizations will be able to use IBM Watson Legal tools to “ingest” their blockchain-confirmed NDA contract data to understand organizational commitments and risks, as well as relationships to other activities in the organization. This will deliver a new level of intelligence to an organization’s NDAs, reducing management and compliance costs as well as risks.