Thinfilm and Clause to Use NFC Technology for Blockchain Smart Legal Contracts

Thin Film has collaborated with Clause, the leading provider of “smart” legal contracting technology, to deliver NFC technology to blockchain smart legal contracts.

Through the collaboration, Clause and Thinfilm will use NFC to facilitate the pairing of physical goods to digital contracts through the tap of a smartphone. The resulting connection will deliver key functional and efficiency improvements for customers across the Clause “connected contracting” platform, including contract creation and management, supply chain administration, and invoice/payment automation. Thinfilm will integrate Clause’s connected contracting solution with the CNECT™ Cloud Platform, making it available to existing and prospective customers interested in “smart” legal contracts. Thinfilm will feature as one of the first integrations on the Clause platform.

The solution will also position Thinfilm’s CNECT™ Blockchain Services as an optional security feature, empowering customers and partners of both organizations to authenticate products, confirm deliveries, review supply chain routes, and verify the provenance of goods. A simple smartphone tap stores relevant information in the CNECT blockchain, allowing customers to leverage transactional history to automate a range of functions, including contract execution and payment triggers.

The unique relationship with Clause represents a key step forward in Thinfilm’s efforts to further extend its CNECT™ Cloud Platform and strengthen its supply chain offering.

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