The Accord Project is a non-profit, collaborative, initiative developing an ecosystem and open source tools for smart legal contracts. Open source means that anyone can freely use and contribute to development.

Smart agreements promise to reduce friction and transaction costs in the creation and management of contracts and commercial relationships. Enabling this future requires the necessary tools to format, share, execute, and manage legally enforceable machine-readable agreements.

The Accord Project establishes and maintains a technology neutral foundation for smart legal contracts. The goal is to provide universal technology and tooling that:

Introduces a common format for smart agreements, reducing the need to adopt and learn different technologies and futureproofing templates

Enables sharing and reuse of agreement templates

Facilitates the use of executable agreements across any infrastructure : cloud, blockchain, IoT

Interoperates with any distributed ledger and blockchain platform , today and in the future

Provides domain specific functionality, meaning it is purposely designed and engineered for building and running commercial agreements, not generic applications