LEGAL DOCUMENT MARKET.
The value of this market is rising exponentially. This could only mean that there is a rising demand for the digital legal document industry, and thus there are already many contractual services and solutions in place. However, a notable gap remains in the market for a solution which entirely capitalises on usability which is an imperative element of the business model. DocTailor is the ultimate solution as it has been designed to fill this gap and improve smart contract accessibility for the users.
LEGAL DOCUMENTS AND BLOCKCHAIN.
Through utilising blockchain technology, the DocTailor platform aims to focus on the user’s experience by making sure that while contracts can be amended with ease, documents cannot be updated or altered without the go-ahead of a higher authority. The technology will be utilized to ensure there is consistency in terms of clause accuracy and clarity of wording. This will make sure that the legal document structure is intact throughout.
REVENUE STREAMS OF THE PLATFORM.
Users of the platform will be able to access clauses and other pay as you go features with cryptocurrency. They will use tokens to purchase tailor-made legal documents as well as other additional features on the platform. For the users using tokens in place of fiat money, they will be rewarded with additional time added to the account and access to exclusive documents and templates. Incentives to utilize the platform will come in part from user and token holder benefits and income.
USER INCOME.
The user will be able to earn income through creating smart, tailor-made agreements and contracts on the DocTailor platform and sharing the documents with other users who are seeking documents with similar requirements and clauses.
CHARACTERISTICS AND ADVANTAGES OF THE DOCTAILOR PLATFORM.
Clause section where users can select from more than 10,000 pre-created legal clauses.
Merging clauses, where selected clauses can be merged into existing document structures.
Document structuring where new contracts can be created for users swiftly and efficiently.
Formatting where documents can be downloaded in various formats.
Blockchain where templates are held on the blockchain, thus maintaining transparency and clarity.
Tracking where users can monitor contracts use and recipient participation.
Contract management where documents can be stored and managed online as required.
Authentication where alerts are used to signal the signing of documents and contracts as well.
Smart contracts where secure agreements are used to protect both parties in financial transactions.
THE PLATFORM WILL CONSIST OF:
Lawyers and legal professionals - they will be provided with an easy to use interface which will allow them to create tailor-made documents much faster and thus allowing better use of valuable resources.
Individuals - they will be enabled to create documents to their own liking, utilising existing templates to maintain the typical structure and language of standardised legal documentation.
The industries - the platform will allow businesses to close deals faster and more cheaply. Documents can be created to grow further and develop the business through new service offerings to clients.
NEXT STEPS.
The legal industry and other sectors need to start looking beyond cryptocurrency exclusively in order to identify the uses and advantages of the underlying blockchain technology. For DocTailor, this is just the first step. It has the potential to pave the way towards a simpler method for intellectual property rights management, for land registry and deed management and public records.
CONCLUSION.
This platform is undoubtedly equipped with necessary features and unique selling point to achieve its goal of revolutionizing the existing smart contract landscape. The fact that it is user-oriented makes it the most viable candidate to date, to disrupt the existing contract systems. Be a part of this great revolution and help in the adoption of blockchain technology.
For more information
🔗 Website: http://www.doctailor.com/
🔗 Whitepaper: https://www.doctailor.com/whitepaper-en.pdf
🔗 ANN Thread: https://bitcointalk.org/index.php?topic=2893424
🔗 Bounty Thread: https://bitcointalk.org/index.php?topic=5165796.0
🔗 Facebook: https://www.facebook.com/doctailor/
🔗 Twitter: https://twitter.com/documenttailor
🔗 LinkedIn: https://www.linkedin.com/company/doctailor/
🔗 Telegram: https://t.me/s/documenttailor
★ Author: jamesndungu1
★ BitcoinTalk Profile: https://bitcointalk.org/index.php?action=profile;u=1856049
★ All Images credited to DOCTAILOR
