In addition to the Technology Working Group, the Accord Project organizes working groups that focus on the transactional law and business aspects of smart legal contracts.
The purpose of these groups is to incorporate the expertise of stakeholders such as business professionals and attorneys into the functionality and content of the Project’s codebase and specifications. A primary goal of these working groups is to ensure that the Project’s technical output meets the requirements of law, business, and existing information technology and workflow systems. The primary benefit is to increase the value and usability of the Project’s codebase to users.
The legal and business working groups are organized into two streams:
Lifecycle Working Groups. The Accord Project’s Lifecycle Working Groups focus on the different stages of a contract’s lifecycle, particularly on post-formation stages such as performance, breach, amendments, renegotiation, compliance, ordering and invoicing, and dispute resolution. Lifecycle Working Groups seek focus on stages of a contract’s lifecycle irrespective of particular industries. An example of a lifecycle working group is the Accord Project Dispute Resolution Working Group.
Industry Working Groups. The Accord Project’s Industry Working Groups focus on particular industries and business applications. These working groups may include supply chain, financial services, and intellectual property. An example of an industry working group is the Accord Project’s Real Estate Working Group.
If you would like to become involved in an Accord Project Lifecycle or Industry working group, please join the Project here. If you (or your organization) is already a member, please contact email@example.com.