Agrello, a blockchain startup based in Estonia, announced that it is deploying its distributed platform for the legal system on Ethereum.
The blockchain company blends artificial intelligence with that of blockchain and smart contracts. With the Agrello’s design, users those who does not have coding or legal skills, to form legally-binding agreements on the blockchain, at the same tome streamlining production processes through the automation of resource allocation.
“Operating at the intersection of the legal system, financial institutions and disruptive technologies, Agrello is highly dependent on the establishment of good industrial relationships with the off-chain world. “We regard the work done by the Ethereum foundation on this matter as invaluable, and seek to be an active player in the field, lending our hand to promote this effort even further,” Hando Rand, Agrello Chief Executive Officer, stated in the official release.
The graphical interface of the company enables smart contracts in an easy to assemble. Intelligent agents compile, manage and execute the code based on belief-desire- intention (BDI) software models. These models are used to program artificial intelligence in a way that agents can choose what to do and do it.
Agrello plans to make its smart contracts technology courtroom-ready and says that the decision to develop atop Ethereum was simple. The company will issue an Ethereum-based token, and will remain compatible with other blockchain assets including Antshares, Lisk, Qtum, RSK, Ethereum Classic, among others.
“The function of the blockchain in the Agrello system is mainly as a record-securing device. Proofs of performed obligations, hashes describing Agrello smart agreements, and logs of activity are stored and time-stamped on the blockchain, providing the immutability the Agrello system demands, while the rest of the system can securely run on the client side,” The Agrello team said in a blog post.
