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