DocuSign, a San Francisco based firm has declared the integration of the Ethereum Blockchain into its electronic signature and transaction management service. The firm offers electronic signature technology and digital transaction management services for using electronic exchanges for contracts and signed documents.
DocuSign currently has around 400,000 paying customers, all these users now have a choice to have evidence of a DocuSign agreement automatically based on the Ethereum blockchain. The latest option will be alternate to the firm's current system for verifying signatures and is composed to be absolutely fit for customers who want to have evidence of their agreements in a neutral environment.
— DocuSign (@DocuSign) October 13, 2018
Ron Hirson, who is the chief product officer at DocuSign said,
“For customers that opt-in, DocuSign will compute a one-way cryptographic hash fingerprint for every completed transaction, and write the value to the Ethereum blockchain — the most popular blockchain for smart contracts in our view.”
He further mentioned that the hash will work as a “tamper-proof evidence for the transaction” that “enables any completed document to be validated independently. And by using the Ethereum blockchain, that third party evidence for a transaction is accessible to anyone.” Moreover, the use of Ethereum Blockchain enables the evidence for the transactions available to anyone.
The firm has also teamed up with Enterprise-Ethereum Alliance, as it believes to expand its services across the globe. DocuSign has lately launched a new developer center.
As per the latest tweet on Oct 13, the firm has also released some new product features along with intelligent Insights & mobile document scanning. As per a report, the mobile document scanning which was launched to iOS devices last year is now compatible with Android devices.
The new feature enables you to scan any document and then edit crop and resize it before importing a photo in your signature. Intelligent Insights is yet another awesome feature which uses AI-based search and agreement analytics to go beyond keywords in understanding contract clauses in the same way as a human. For instance, knowing that an article about Internet cookies is based on privacy, even though the keyword “privacy” is absent.