Review on FirmaChain by LUIS RIVERO R
digitization of contracts.
This platform offers to develop digitally the different activities related to contracts, legal activities, among others. But in this case based on smart contracts and blockchain signatures.
How does it work?
The contract or related request is created.
The data is separated and categorized.
Documents are encrypted and then uploaded to the network.
Contracts are stored in a decentralized way throughout the network.
Finally, signatureChain is used as its identifier hash.
In general, this is a service for the decentralization of information and data that plans to become a data and storage service that will allow different entities. What it offers is more security and avoid risks of falsification of documents and data.
Pros
- Access from mobiles and pc
- Encrypted documents on the network.
- Stored documents cannot be modified.
- Avoid risks of counterfeiting.
- Unique electronic signature.
- Easy to use.
Cons
- It is only listed in an exchange.
- Low exchange transaction volume.
- The token of this platform so far is of no use within the ecosystem.
