With Agrello’s system, all parties will maintain control over all of their data. Currently, smart contract data is stored on the blockchain. However, with Agrello, only activities and signatures will be on the blockchain to show proof and have a track record that actions have occurred. Parties will store their own contractual information in their own internal databases or other storage systems.
Artificial Intelligence agents will understand the computer readable code which is produced through Agrello’s systems, allowing A.I. to understand obligational terms, rights and legal jargon. There for, A.I. will be able to push information to users letting them known risks and rights with each contractual agreement.
Agrello will also integrate with payment systems and other enterprise solutions.