— DocuSign (@DocuSign) October 13, 2018
According to a recent announcement, Docusign’s more than 400,000 paying customers, which includes a number of major law firms and businesses, can now choose to have evidence of a DocuSigned agreement be automatically written to the Ethereum blockchain.
This option comes as an alternative to DocuSign’s native system for verifying signatures and is ideal for customers looking to have evidence of their agreements exist in a neutral environment.
“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,” stated Ron Hirson, chief product officer at DocuSign. “This hash acts as tamper-proof evidence for the transaction, and 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.”
DocuSign notes that it has been at the forefront of smart contract research since it first collaborated with Visa (V) on one of the first public prototypes. The company aims to continue innovating in the space and has since become a member of the Enterprise Ethereum Alliance.
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Disclaimer: This article’s author has cryptocurrency holdings that can be tracked here. This article is for informational purposes only and should not be taken as investment advice. Always conduct your own due diligence before making investments.