Blockchain Contract Management Proof of Concept
This is a contract management PoC that the Apla team developed for the office of the Prime Minister of the UAE. The PoC has the following functions: uploading of existing legal contracts; writing and signing new agreements; and creating smart contracts for certain objects which have been entered to blockchain registries.
On the video above you can see a step-by-step demonstration of how contracts are drawn up between buyers and vendors using a special wizard. Here, a user can select contractor firms from the registries, enter the date and subject of the agreement, describe special contract conditions, and define the signatory parties.
The whole process of contract creation is shown in a special process map on the right.
After the agreement has been saved, the signatories receive notifications and can subsequently sign the agreement using their private keys. This can be done from the Apla desktop or mobile application.
Contracts created using this PoC aren’t just protected from falsification, but can serve as a valid basis for entering into other subsequent agreements on the Apla blockchain platform.
Blockchain Business Review from Apla provides high-quality educational material from the world of blockchain to inform the business community of the competitive advantage that can be gained by integrating distributed ledger data storage within organizations. Our mission is to promote knowledge about blockchain and its uses in both the private and public sector and demonstrate the value of blockchain integration.
