Integra Ledger is the first project of the Global Legal Blockchain Consortium. Currently based on the open source Hyperledger Fabric blockchain and hosted on IBM Blockchain Platform, it is a utility blockchain for confirming integrity and authenticity of legal data. Specifically, it can be used to confirm authenticity of contracts, confirm contract status, improve security and privacy of documents and contracts, improve data interchange between corporate legal departments and law firms, and add functionality to legacy software systems.
Private messages, documents, agreements, and other data are not stored on the blockchain. Rather, a cryptographic hash of the information is stored on the blockchain to confirm existence and uniqueness.
The Integra Ledger FKaaS (Foreign Key as a Serve) is a foundational application that allows organizations to add a blockchain based foreign key to any row of any database table, thus creating an immutable, unique, external identifier for the data without revealing the data itself.
Integra Ledger natively supports smart contracts and will serve as a platform for the development of legally compliant smart contracts throughout the legal industry ecosystem.
Selected major law firms, companies, and universities can elect to host full “Veritas Nodes” of Integra Ledger. These nodes contain every entry in the permissioned blockchain and serve to ensure the integrity and redundancy of the distributed ledger