Enjoy Top Blockchain-based Document management Tools

Blockchain modifies the way the Electronic Health Records (EHR) are stored by providing a safer and more transparent way of medical records exchange across different healthcare settings. Smart contracts are deployed for automated insurance settlements eliminating human interaction. With the transparency provided by blockchain counterfeit pharmaceuticals are eradicated, and their expiry dates are under strict control. The use of blockchain for electronic prescribing saves time and enhances patient’s safety.

The ever-evolving blockchain technology eliminates the tedious document signing process and takes the attention off paperwork, allowing banking and financial institutions to focus on new opportunities and serve clients better. Electronic signature leads to a faster transaction time by its feature to sign document form anywhere. With the transactions being extremely tamper-proof, they also have a high level of transparency that lets not only network participants have real time access from any device to the data, but also helps to maintain audit trails.

Blockchain technology is capable of tracing the whole lifecycle of the product in the supply chain thus checking its provenance that builds greater trust with clients. Moreover, the digitization of paperwork provided by blockchain allows creating, sending and signing documents online minimizing contract completion time. Electronic signatures could be carried out from anytime and anywhere facilitating the deals to be closed faster that lives up to the clients’ expectations.

The popularity of “Crypto-Games” is growing, giving the possibility to obtain crypto for passing in-game levels that could be spent within the game or changed to fiat money and used in real life. Also, NFTs play a significant role in the gaming industry and are utilized for buying characters, weapons, memes, etc. thus creating an effect of an absolute digital possession.

Blockchain solves the issue of long reconciliation processes between manufacturers, distributors, warranty companies empowering them to exchange documents online irrespective of their physical location. Instantaneous issuing of invoices to clients and their ability to execute signatures from any device and anytime accelerates the purchase process. Digital signatures are more tamper-resistant compared to the wet-ink ones allowing to handle data securely and protecting business from fraudulent behavior.

The reconciliation process of oil and gas industries is a daunting challenge due to the long chain of custody. Blockchain acting as a decentralized ledger comes into play by empowering network participants to effectively collaborate from different locations allowing them to effortlessly share documents in real time taking any intermediaries away resulting in savings in cost and time. Also, electronic signatures reduce turnaround time enormously thanks to the possibility of documents being completed and returned the same day.

Blockchain is a disruptive technology in the sharing economy because it transforms the current “sharing” economy that is more about economic exchange now rather than sharing. Blockchain eliminates a central authority and third party intermediaries creating a direct interaction between supply and demand. The high level of transparency provides more trust between participants and nobody except you determines the terms of cooperation.

With the traceability offered by blockchain it’s easy to take control of all the inputs and assets giving no way for embezzlement. Blockchain offers immutable cadastral and property ownership information enhancing trust among counterparts. Contract execution without third parties is possible via smart contracts. Moreover, new trends such as tokenization of a property or fractional ownership come easily with blockchain by purchasing tokens of a property.

With fast access to data and electronic signature insurance claims can be processed immediately regardless of time and location that speeds up the payouts to the clients reducing the risk of him/her to choose another insurance company. The process of managing insurance claims is also optimized by smart contracts execution that automate every step offering a more accurate outcome. The immutable recordkeeping grants a fraud-free claim review and reveals duplicate claims.