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When it comes to digital documents and electronic signatures, it is blockchain technology that
eliminates concerns about manipulated or even forged electronic documents. Blockchain is known
to make the e-signing process very secure and stable avoiding costly external e-sign services.
Blockchain uses the concept of hash which is like a fingerprint for every block. Because
blockchain records are tamper-proof, electronic records cannot be improperly manipulated or
forged. Unless absolutely necessary, intermediaries and electronic signatures are no longer
required to sign contracts and agreements, eliminating the associated time delays and fees.
Harnessing the potential of blockchain technology, our Solutions team has created the Papyrus
Blockchain Ecosystem, which guarantees the originality of every document, transaction, content
and message. Blockchain has a different legal value than electronic signatures. It does not
use a trusted legal authority and means high efficiency and encrypted data from 'request to completion'
of a business value stream.
Every step of the process generates notifications and alerts to all parties and produces a
shared ledger of all activity. The result is a final document, stored in one location
accessible by only the parties with clearance.
Papyrus Content Services
together with blockchain guarantees compliance and originality where trusted documents and
records cannot be corrupted and can be audited on demand.
Now companies can use the consumer-friendly front-end experience for their contracts,
mortgages and agreements - seamlessly integrated with the Papyrus digital workplace on the
back-end. Security concepts have been implemented in the Papyrus Blockchain Ecosystem. A
signature process includes originality, authenticity, validity and verifiability. The
authenticity of all signers is ensured through a blockchain-encrypted process and a signature
certificate is issued to them.
Documents can be drafted and generated, proposed, revised, executed and signed all within the
Papyrus Blockchain Ecosystem platform. Multiple parties can work in a contract case, share
content, make decisions and collaborate on a final document version in real time. The process
is a seamlessly connected experience.
To learn more about Papyrus Blockchain, download this
free white paper
or request a call.
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