Clifford Chance Joins Accord Project

The Accord Project has announced the addition of several global law firms and organizations as new members and collaborators, including Clifford Chance. The Accord Project is a community initiative to develop an industry-led specification and open source technology and for smart legal contracts based off 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 among its partners and collaborators.

Commenting on joining the Project, Bas Boris Visser, Global Head of Innovation and Business Change at Clifford Chance, said: "If we want to help our clients realize the great potential that technology like smart contract brings we need to collectively create a legal framework to make that happen. For us as a firm this is a key priority so we are thrilled to join the Accord Project with a team of lawyers from our offices in New York and Washington. For us the Accord Project is a great example of true collaboration and a fantastic opportunity for our lawyers to both contribute and learn. A clear win-win."