Generally smart contracts use code in the blockchain for algorithm but such type of contract is not legally recognized in most jurisdictions. To ensure the smart contracts are legally recognisable and easily readable by both machines and humans Contract vault has built an application.
Contract vault is the platform which combines services like creation, distribution and execution of traditional and next generation smart agreements.
Features:
Smart Templates:
Smart Templates are the cornerstones of the contract vault platform which creates variables, metadata, conditionals, calculations, Smart Contract logic, signatures, identity and Sub templates that are easy to understand by every user.
Smart templates can generate these types of products.
•Legal agreements, which can then be used offline in the usual manner
•Legal agreements, which can be saved securely on decentralised storage and made tamper-proof using signed Blockchain transactions
•Smart Forms and Smart Dossiers, which empower legal professionals by enabling them to communicate and collaborate with their clients more efficiently
•Customised Smart Contracts, such as Ethereum Smart Contracts
Smart Edit:
In the legal sector always, there is a scarcity of tooling for efficient document until it is done by lawyers or developers. To create smart template for the average user contact vault developed the Smart Editor it relays on the mark-up language “SmartML”
Smart Contracts:
Of course, there is no need of Contract Vault in the Ethereum based smart contracts but the added features in Contract vault such as Smart Edit, SmartML which enables the user to make use of Smart Templates in their legal documents and it has many features like syntax highlighting and error-checking even when creating customisable Smart Contract templates.
Smart Dossiers:
Smart Dossiers helps the users to link all the smart contracts from different contractors in a one place.
Team:
Gordon Mickel- Founder & Managing Director
Gordon studied Computer Science at the University of Basel and has 20 years practical experience delivering production grade software. He has been involved in Blockchain technology since 2013 and is especially interested in the Ethereum project and the possibilities of decentralized apps. For the past four years he has been working as a freelance Lead Developer for companies such as RUAG Defence, Kaba Schweiz, Post Finance, Novartis, Swisscom and Basler Versicherungen.
Perica Grasarevic - Founder & Chief Counsel
Perica holds a Master of Law from the University of Zurich. As the co-founder and General Counsel of Swiss Cryptotech GmbH, a company providing consulting services in the Blockchain and cryptocurrency area since early 2014, he has been working for a global software company (worldwide leading in the automated processing of vehicle related data) as a Legal Counsel since 2013.
Daniel Killenberger- Developer
Daniel holds a Bachelor’s Degree in Computer Science with a focus on artificial intelligence from the University of Basel, and has been engaged with Blockchain technology and cryptocurrencies since 2012 after hearing about Bitcoin. His interest peaked with the launch of Ethereum as he saw a huge potential in decentralized applications.
Verdict:
Pros:
• Team looks great, its core members are well experienced in the finance and law field.
• Advisory team has members from different fields
• Project hype is good. It has 20k+ members in their telegram community
Cons:
• Idea of the project looks old, it does not much differentiation from traditional smart contracts
• Whitepaper explanation is poor
• Roadmap has no clear explanation about their future goal
• No working MVP
Links:
Website: https://www.contractvault.io/
Facebook: https://www.facebook.com/contractvault.io/
Telegram: https://t.me/cvchat
Whitepaper: https://www.contractvault.io/files/Whitepaper.pdf
Bitcoin talk Username: anushkamehta0902
Bitcoin talk profile link: https://bitcointalk.org/index.php?action=profile;u=2039767
ETH address: 0xd1c62C22C078A0C6B1E42F7200F0b082EE81a64a