System and method for creating and executing data-driven legal contracts

A method comprising:

• providing a contract management system;
• at the contract management system, constructing a data-driven contract that comprises a set of programmable clauses, wherein constructing the data-driven contract comprises at least:
• configuring programmable logic and natural language content of the set of programmable clauses,
• mapping a first external integration of a network-connected device to a first programmable clause of the data-driven contract,
• mapping a second external integration of an API-based platform to a second programmable clause of the data-driven contract,
• mapping a distributed ledger integration to a third programmable clause of the data-driven contract,
• mapping an internal integration between a fourth programmable clause and a fifth programmable clauses,
• configuring at least one natural language clause in the data-driven contract, the natural language clause comprising natural language content;
• and
• accepting execution authorization by at least two parties and applying an electronic signature of the two parties to the data-driven contract;
• after accepting execution authorization, executing the data-driven contract, which comprises:
• receiving device data through the first external integration and processing programmable logic of the first programmable clause based on the device data,
• transmitting a communication to the API-based platform through the second external integration in response to processing programmable logic of the second programmable clause,
• processing the third programmable clause and interacting with a distributed ledger system through the distributed ledger integration, and
• updating the fifth programmable clause in response to processing programmable logic of the fourth programmable clause.

A system comprising:

• a contract management system;
• a data-driven contract created and managed within the contract management system, the data-driven contract comprising a set of programmable clauses, wherein a programmable clause comprises natural language content, programmable logic, and at least one integration;
• wherein at least a subset of the set of programmable clauses comprises an integration with a distributed ledger;
• and
• a processing engine that executes the data-driven contract and facilitates interactions between a programmable clause and a resource.