DocTailor — Self-Customising Smart Contracts & Agreements on the Blockchain

moh-rokib (49)in #doctailor • 6 years ago

https://www.doctailor.com

DocTailor is a unique, automated legal document platform facilitating the creation and distribution of self customised smart legal documents on the blockchain. DocTailor has been designed to simplify implementation of a smart contract, significantly reducing associated time and cost for users.
DocTailor has been developed by a blockchain-experienced team, striving to utilise the groundbreaking technology in new and revolutionary ways. Many of the team’s developers have joined DocTailor from artificial intelligence (AI) backgrounds, working to further develop the idea through AI-focused systems.The DocTailor platform will enable all users, regardless of developer experience, to deploy legal documents with an integrated smart contract feature. The technology’s aim is to create a new ecosystem designed to demonstrate ways in which blockchain advancements can be utilised in the legal industry.
For the long-term solution is issues hindering the widespread adoption of blockchain technology. Focusing on a highlighted flaw of existing smart contract applications — user experience — DocTailor enables easy access to blockchain, cryptocurrency, and smart contracts.

There is notable demand for smart contracts, although few are making use of the services that have already been made available. In fact, while almost half of all senior executives believe there is value in smart contracts on the blockchain, and while they would be happy to use a smart contract service, reports suggest that just 13% have actually incorporated the technology into their work.

DocTailor’s mission is to lay the foundation to enable non-crypto businesses to access the multi-trillion dollar cryptocurrency economy; at the same time, pave the way for organizations and individuals, to create self automated tailor-made agreements and smart contracts to assist in their acceleration of crypto business deals.However, more needs to happen if DocTailor is to succeed in its mission to revolutionise the existing smart contract landscape. The issue, it seems, is that prior services have so far failed to achieve these goals. For example, similar, existing services have failed to prove themselves in terms of scalability and, indeed, in terms of flexibility. DocTailor is anticipated to be the first platform to demonstrate success.

DocTailor’s success relies heavily upon greater adoption of blockchain, not only from individuals, but also from organisations and legal professionals. As a tailor made platform, there is a reliance upon users to work to create DocTailor’s data.

DOCT: The Token to create smart tailor-made legal documents by DocTailor

https://www.doctailor.com/assets/pdfs/whitepaper-en.pdf

DOCT tokens give users access to create smart tailor-made legal documents on the DocTailor platform. Every token provides users with “DocTime” which can be used to create contracts, agreements for use in over 100 different industries.
Every token used on the platform instead of fiat currency, adds extra time to the users account. Token users are awarded bonuses; in the form of access to exclusive smart document templates and free-feature time.

Doctailor Features

Clause Selection — Users are able to select from an unlimited database of carefully formulated clauses that have been precreated by legal professionals from various industries.
Merging Clauses — Selected clauses can be merged into existing document templates to alter and create unique tailor-made contracts, agreements or documents.
Document Structuring — Legal documents, agreements and contracts that require tailor-made structuring can be created in short time depending on the context of the document required.
Document Formatting — Documents created on the platform can be downloaded in a varity of formats for external use. Those formats include Word, HTML, XML and PDF.
Blockchain — All documents templates and structures have been checked over before being uploaded to the platform for the use of platform users. The templates are also held on the blockchain to maintain clarity and transparency.
Tracking — Alerts are produced and sent to authors of the document to keep them updated.
Contract/Document Management — All documents, contracts and agreements created by users of the platform can be stored and managed online.
Smart Contracts — Users are presented with automated solutions to facilitate, verify, or enforce the negotiation or performance of a contract or agreement.
Authentication & Signing — The platform allows users to monitor the recipients particpartion where a document, contract or agreement needs a digital / electronic signature or any other form of authorization by a counter party.

DocTailor utilises an ‘intelligent clause’ feature to automatically identify and highlight sections of a document, contract, or any other form of agreement which may need to be amended to suit the purpose. DocTailor users can alter, replace, or remove clauses as necessary to form a unique, customised, tailor made smart contract.
DocTailor users will be able to access clauses and other ‘pay as you go’ (PAYG) features with cryptocurrency. Tokens can be used to purchase tailor made legal documents, as well as additional features that are to be included on the platform.

Those using tokens in place of fiat money will be rewarded with additional time added to the account, and access to exclusive documents and templates.Incentives to utilise the platform will come, in part, from user and token holder benefits and income.
Also Users can generate income by creating smart, tailor made agreements and contracts on the platform and sharing these documents with other users seeking documents with similar requirements and clauses.

ROADMAP

INFORMATION ICO

Number Of Tokens On Sale: 500M (500,000,000) DOCT, of which…
300M to be available in tokensale.
50M are reserved for ICO bonuses.
100M retained by DocTailor.
50M are reserved for early adopters in PRESALE
Ethereum ERC20
Purchase methods accepted: BTC and ETH
Price: 1ETH = 2700 DOCT tokens
Crowdsale start: March 31st 2017 12:00 GMT
Early Bird Bonus: 30%
Minimum objective: $1,000,000 USD

Use case

Token Holders
1. Token holder can either convert Doctailor pokens rewards to DOCT or ETH.
2. 5% of total revenue derived from the platform is allocated to all DOCT token holders every quarter.
Business Users — DOCT tokens allow businesses in all sectors, to start accepting cryptocurrency securely and safely.
Crypto Users — DOCT tokens allow cryptonians to spend cryptocurrency on websites, in physical stores and for services.
Platform Users — DOCT tokens allow legal professionals and users to create customised legal binding smart contracts that deliver useful functionality and create business opportunities; at the same time earn the authors income, who op-in to having their document made available to other users looking for similar requirements.