Report
Teaser, summary, work performed and final results
Periodic Reporting for period 1 - Signa2.0 (Signaturit)
Teaser
Signaturit wants to change the way contracts are dealt with. It wants to be able to provide a centralized solution for clients when they must handle a contract, allowing them not only to become more efficient when doing so, but also with the all the legal and technical...
Summary
Signaturit wants to change the way contracts are dealt with. It wants to be able to provide a centralized solution for clients when they must handle a contract, allowing them not only to become more efficient when doing so, but also with the all the legal and technical guarantees.
By combining the solutions being currently developed under h2020, such as machine learning, qualified signature, OCR, smartcontract (Blockchain), Signaturit can become more than a signature provider, and start operating as a 360º contract solution. Furthermore, different possibilities can arise by combining the solutions in order to provide clients with a 100% digital onboarding that suits them, as Signaturit’s flexibility permits clients to integrate its solutions in the manner they best deem fit.
As it was previously expressed, the idea is not only to provide digital solutions, but also that these comply with the highest legal and technical standards; thus, Signaturit has already obtain the conformity to become a Qualified Trust Service Provider and become recognized in the European Union trust list. This allows Signaturit to ensure its clients that the information it handles, such as data or documents, is handled in a secure manner. The objective of becoming a full contract solution, can only occur if the clients trust in Signaturit, so besides operating as a Qualified Trust Service Provider, it has obtained the ISO 27001 certification, which states that Signaturit has an Information Security Management System that complies with the international security standard. These recognitions were part of Signaturit’s roadmap in the H2020 project, and it has provided Signaturit with a differentiation with the competitors, and the need of applying process to comply with regulation such as GDPR.
Signaturit is going to become important to society, as it will help any user in its contract handling process, not having to depend on paper, and having the possibility of being provided with a fully digital automatize transaction, in a secure manner, and accessible to everyone.
At the current time, there is an important desire by the market for secure electronic solutions, that at the same time allow them to become more efficient. It is in this reality that Signaturit encounters its usability and added value. In the beginning it was only a solution for formalizing contracts, as it provided a signature solution, but with the aid of the H2020, it can become the contract solution that is part of the negotiation, its formalization and its execution, a first in the market.
Finally, add that Signaturit wants to be a reference in providing trust services in Europe with a double goal: contributing to the digital transformation that European companies need to remain competitive and to be a key element in the cross-border electronic barriers in the EU.
Work performed
Signaturit is currently different solutions that deal with a contract, and make use of Machine Learning, Electronic Signature, OCR, Blockchain.
The main result obtained for this periodic report was the creation of a smartcontract that optimized process of a surety policy, which MVP is going to be in the market in November 2019. As a trustworthiness result, Signaturit obtained the ISO 27001 certification and has applied to be part of the European Union Trust List and operate as Qualified Trust Service Provider.
Final results
By providing a 360º digital contract solution Signaturit can aid in the process of improving the following:
• Paper industry accounts for 4% of world’s energy use
• Paper is the third largest industrial polluter
• Worldwide consumption of paper is increased by 400$ in the last 40 yeards
• Only 18% of companies consider themselves paper-less
• 45% of paper printed in an office becomes trash
Website & more info
More info: https://www.signaturit.com/en.