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BitFury and BestSign Trying to Make Blockchain the Future of Electronic Signatures

3.20.0BitFury is a leading full service blockchain technology company and one of the largest private infrastructure providers in the blockchain ecosystem. And BestSign is an electronic signature company based in Hangzhou, China that has been dubbed as Chinese DocuSign. It provides a fast, easy and secure way to electronically sign documents.

The two companies announced a partnership on March, 19th to make blockchain the next electronic signature.

With the support of BitFury, we are working to promote the application of distributed ledger and smart contracts to make e-contract as secured as possible.” revealed Wan Min, CEO of BestSign.

As the underlying technology of bitcoin, blockchain has been around for a number of years. It could change the way we sign documents in a more secured way than the actual one. But for years the question whether electronic signatures are as legal and enforceable as paper contracts have been plagued e-signature startups.

At BestSign, it is developing its own e-signature system where secure hash algorithm 1, 256-bit encryption and cloud storage are applied to secure file transfer and storage. Plus, real name verification and digital evidence of a third party are used to make documents traceable.

” We are very excited that BestSign has achieved ISO 27001 compliance,” added Wan. “China UnionPay, Sina, TCL, Lenovo China are signing documents digitally on our platform. And we are working with Apple, Intel, Microsoft and Cheetah Mobile to further develop more blockchain-based solutions.”

COMMENTS(8)

  • Cindy23
    3 months ago Cindy23

    BitFury and a Chinese blockchain startup BestSign announced a partnership on March, 19th to make blockchain the next electronic signature. BitFury will offer money and tech support to help BestSign change how people sign documents in China. For years the question whether electronic signatures are as legal and enforceable as paper contracts have been plagued e-signature startups. At BestSign, it is developing its own e-signature system that has achieved ISO 27001 compliance. The company is also working with Apple, Intel to develop more blockchain-based solutions.Read more about the story: http://news.8btc.com/bitfury-and-bestsign-trying-to-make-blockchain-the-future-of-electronic-signatures

  • Xester
    3 months ago Xester

    Quote from: Cindy23 on March 20, 2017, 08:20:45 AM
    BitFury and a Chinese blockchain startup BestSign announced a partnership on March, 19th to make blockchain the next electronic signature. BitFury will offer money and tech support to help BestSign change how people sign documents in China. For years the question whether electronic signatures are as legal and enforceable as paper contracts have been plagued e-signature startups. At BestSign, it is developing its own e-signature system that has achieved ISO 27001 compliance. The company is also working with Apple, Intel to develop more blockchain-based solutions.Read more about the story: http://news.8btc.com/bitfury-and-bestsign-trying-to-make-blockchain-the-future-of-electronic-signatures

    The future is turning digital and so even documents and recording  will turn into digital form. That will be a great innovation towards China but we dont know what will be the disadvantages of signing documents vie electronics. America on the other hand as well as UK are also studying to invest on blockchain technology to be used in the government transactions. Using this technology would make government actions and transactions more transparent to the public.

  • vnvizow
    3 months ago vnvizow

    Same thing is already in place in Chicago, Honduras, and Ukraine. More will come along and hopefully cement blockchain in positive public view

  • shield132
    3 months ago shield132

    Bitfury is very active in this task, for example, last April, the Georgian government and Bitcoin company BitFury initiated a project to record land titles on the Blockchain. Also there are many other projects focusing on Blockchain land title services apart from the BitFury and Republic of Georgia drive. This includes Sweden, Honduras and Cook County in Chicago which are being run by ChromaWay, Factcom and Velox respectively. This means that blockchain technology will change nowdays situation in future, including electronic signatures.

  • gredisgold88
    3 months ago gredisgold88

    the approach of the digital world, it was amazing. if it goes well the easy access to blockchain, would be followed by the number of transactions using cryptoccurency. good faith to enhance blockchain technology, users will be increasingly reliant on this technology.

  • paul gatt
    3 months ago paul gatt

    Quote from: Cindy23 on March 20, 2017, 08:20:45 AM
    BitFury and a Chinese blockchain startup BestSign announced a partnership on March, 19th to make blockchain the next electronic signature. BitFury will offer money and tech support to help BestSign change how people sign documents in China. For years the question whether electronic signatures are as legal and enforceable as paper contracts have been plagued e-signature startups. At BestSign, it is developing its own e-signature system that has achieved ISO 27001 compliance. The company is also working with Apple, Intel to develop more blockchain-based solutions.Read more about the story: http://news.8btc.com/bitfury-and-bestsign-trying-to-make-blockchain-the-future-of-electronic-signatures

    A future of technology and digital, all documents are transformed and operated digitally. This is great Blockchain is experiencing errors in validating and converting transactions. This could be a technology that could change that. Many countries are trying to find a way to use it. I am waiting for great news from it. However, there are some problems, if this technology has any errors, it will be very difficult to handle. So, countries are trying to do the best they can.

  • Snorek
    3 months ago Snorek

    I am surprised that they waited so long with electronic signature project. Blockchain’s notarial potential is tremendous.This technology is ideal to use it when you need identity verification, electronic signature and customer service automation.It’s nice to hear that they want to use bitcoin’s blockchain, and not ethereum’s or some other altcoin.

  • LeGaulois
    3 months ago LeGaulois

    Quote from: Snorek on March 20, 2017, 01:08:16 PM
    I am surprised that they waited so long with electronic signature project. Blockchain’s notarial potential is tremendous.This technology is ideal to use it when you need identity verification, electronic signature and customer service automation.It’s nice to hear that they want to use bitcoin’s blockchain, and not ethereum’s or some other altcoin.
    It’s good as the verification of the identity of the users has always been a problem on the WWW. Security has always been the top priority of the banks. It’s even more true today, with the presence of technology in virtually all of our daily activities

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