DocuSign Revealed it Would Integrate the Ethereum Blockchain into its Signatures

Ethereum will be integrated into DocuSign‘s electronic signature and transaction management service. The news was revealed at the firm‘s annual customer conference Momentum. Currently, DocuSign has over 400,000 paying clients.

Customers will have the option of choosing a blockchain to become part of their System of Agreement. This will be an alternative to DocuSign‘s system for verifying signatures. The choice is suitable for customers who want to build their agreements in an unbiased environment.

The Chief Product Officer, Ron Hirson, explained in the release that for every finished transaction the technology would compute a one-way cryptographic hash fingerprint and write the value on the Ethereum blockchain. According to the company, Ethereum is the ultimate leader in the creation of smart contracts.

He added that the hash will serve as evidence for the transaction and will allow documents to be self-validated.

DocuSign had come a long way after its collaboration with Visa in 2015 when it first started researching blockchain technology. The company then designed a public prototype that combined secure contracts and online payments to be made using Visa for a joined car initiative.

In connection to the partnership, Hirson stated that the proof-of-concept facilitates the process for users so that they can electronically sign documents and pay at the same time.

Furthermore, the company made ties with the Enterprise Ethereum Alliance and relaunched a new developer center.

On October 13th, DocuSign has shared with users their new product features – Intelligent Insights and mobile document scanning. The latter was released in 2017 for iOS users and is now available for Android, as well.

The option allows clients to scan any document, edit, crop, and resize it before importing the file into DocuSign for a signature. Intelligent Insights will implement the use of AI-based search and agreement analytics to understand agreement clauses as a human would.