DocuSign, the San Francisco-based company that provides electronic signature services, announced on September 12 that it will be integrating with the popular Ethereum blockchain.
In a press released informing about its plans to modernize the world’s Systems of Agreement. Among the new features, the company decided to add support to Ethereum and its smart contract functionality.
The company wrote in the official statement:
“Also in ‘Manage,’ for customers who want a blockchain as part of their System of Agreement, we have a pre-built integration with the Ethereum blockchain, the most popular blockchain for smart contracts.”
Although the company already verifies the integrity of any DocuSigned document, the integration provides an additional option for verifying document evidence via blockchain technology.
— DocuSign (@DocuSign) October 13, 2018
DocuSign is also part of the Enterprise Ethereum Alliance (EEA) and collaborated with Visa on one of the first public prototypes of a blockchain-based smart contract.
With it, it is possible for evidence of a DocuSigned agreement to be automatically written to Ethereum. This provides solutions to those entities that want evidence of agreements. It is possible to check that evidence and agreement in a neutral network that is not owned by any particular entity.
How companies and institutions deal with identities is also changing. It will be possible for individuals to control and selectively share the definitive record of who they really are.
According to the company, its vision has always been to make paper agreements digital and smart. With blockchain networks, it is possible to create smart contracts that monitor data and triggers specific actions.
The firm mentions that they are very interested in the blockchain and smart contract industry and that they are proud of being one of the earliest participants in the market.
“DocuSign welcomes this interest and is continuing to work at the forefront of research into commercializing smart contracts,” the company wrote.