In the present time, legal related work is often a lengthy process. It takes a lot of time to finish it, whether it is an individual or an organization doing it. In addition, the cost it incurs is excessively high sometimes. As a result of which, people try to find a shortcut to do their legal work. By taking this into consideration, some smart legal contracts had been launched so that people, organizations, as well as lawyers can take benefits from it. However, due to limited knowledge about developer experience, these smart contracts were being criticized for their cost and time. There are several challenges that are hindering widespread blockchain adoption, including integration issues, lack of expertise within the newly emerged industry, high costs, volatility, and concerns relating to consumer protection that have not yet been addressed. Well, crypto currencies have turned our daily lives to boon and the boon continues to expand for the longest possible time. An advanced platform came into existence which is not only looking at the needs of individuals but also catering the needs of lawyers and organizations. To address these challenges, an app called Doctailor is developed.
It is a unique self-customizing smart legal contract platform. It allows lawyers, individuals and organizations to send and create legal tailor-made smart contracts and agreements on the block chain. It has been developed to boost and innovate the existing tailor made legal document scenario. According to a research, some senior executives have expressed their ideas and notions about the smart contract technology. They said that the smart contract technology is a great advancement in technology that they love to adopt in their work. The research also reveals that only 13% of the senior executives has been adopted this technology in their work. According to me, this is a very small percentage of people who opted for the block chain technology and smart contracts technology also.
Solution by Doctailor
On a large scale, crypto currencies are now being adopted, but there are still a percentage of people who either are not aware about the cryptos concept or must not be adopting it due to the limited developed knowledge. Therefore, Doctailor is here to resolve these issues of the lawyers as well as the organizations and of people too. It provides solutions to many problems such as-
- It enables easy access to block chain, crypto currency and smart contracts.
- It is easy to use for beginners in block chain technology.
- It motivates individuals, lawyers and organizations to opt for the block chain technologies widely without any second doubt.
- It made document structuring easy and quick for users.
- The templates available on Doctailor have clarity and transparency.
- Users can monitor contract use and recipient participation in Doctailor.
- The contracts can manage easily online and can be stored anytime.
- It provides authentication of documents by giving alerts notification.
- Documents can be downloaded and one can easily format the document.
- It provides protection to both the contractors in financial transactions.
- It provides a facility of merging clauses. The selected clauses can be merged into existing document templates to create unique tailor made contract.
- Users are able to select from unlimited database that have been pre created by legal professionals from various industries.
ICO and Team
The team focuses on the flaw of smart contracts applications i.e., user experience. The team is from UK and is working on the block chain technology to make it accessible to everyone. The total number of tokens on sale is 500,000,000 of which 300,000,000 are available for token sale, 50,000,000 are reserved for ICO bonuses, retains 100,000,000 and the rest 50,000,000 are reserved for early adopters in Presale. The purchase methods accepted by Doctailor is Bitcoin (BTH) and Ethereum (ETH) where 1ETH=2700 tokens. If a user used his DOCT tokens on the platform instead of fiat currency, adds extra time to the user's account and 5% of total revenue will be allocated to all the token holders every quarter. Moreover, token users are awarded bonuses in the form of access to exclusive and brand new smart document templates and free-feature time.
Final words
The success relies heavily upon greater adoption of block chain. Doctailor not only focuses on organizations, but also on individuals and legal professionals. The cost management techniques by making it handy to people and lawyers is a milestone in the block chain platforms. This new platform will surely bring more users in the blockchain technology. Its unique and smart characteristic will bring a revolutionary change in smart contract landscape. The benefits it is providing are very much better than the other smart contract platforms with timely access and cost management feature too. So, tighten up your seat belts and make a smart move; and make a right choice!
Visit Website: https://www.doctailor.com/
Visit campaign: bountyhive.io/join/DocTailor
Authored By :Etheran
Refferal: bountyhive.io/r/Cryptoeth