Doctailor - Self Customizing Smart Legal Contract Platform

Mei 12, 2018

Doctailor - Self Customizing Smart Legal Contract Platform

"The cryptocurrency market is anticipated to grow from current $730 billion value to $10 trillion within the next 15 years, solidifying the importance of holders of cryptocurrency as an integral part of a new, decentralised economy. Total cryptocurrency market capitalisation has been steadly growing in recent years."

DocTailor - is bridging the gap between the trillion dollar crypto economy market. According to whitepaper DocTailor is a first self customizing legal smart contract platform. DocTailors’s smart contract allows lawyers, individual and organizations to send and create tailor made smart contracts and agreements on the blockchain. DocTailor platform allows to deploy legal documents with the help of smart contract feature on DocTailors for developers. This is the unique project in own.

DocTailor Objectives

What DocTailor wants to achieve?

Improve accessibility of customized smart contract and boost ease of development of smart contract, acquisition and distribution.

DocTailor aims to offer the platform where users can store, receive and send both crypto and fiat currencies.

Facilitate use of the DocTailor tokens (DOCT) or other cryptos

Using P2P, B2B and B2C as per needs.

Manage and monitor deployed smart contract and blockchain.

Some people thinks there is no need of launching DocTailor . But they are may thinking this because they are not aware with the problems which current market is facing. Many people are not aware with Blockchain technology too. Some marketers are saying blockchain will become mainstream within in 10 years and some are saying it will take more than 20 years to accept Blockchain.

Current technology used by people is limited. Currently technology developers are focusing online exchanges and wallets and few smart contract services. Smart contract services demand increased in the first three month of 2016 worth 116$ million. For now demand of such services is limited but in near future it may increase twice or thrice.

Creating such project needs huge time and money. As per DocTailor ‘s whitepaper average cost is up to 750$ to create basic smart contracts. As per one research, deploying smart contracts on Ethereum blockchain required 14 seconds.

DocTailor is long term solution for this problems. DocTailor is steps to take Blockchain technology in mainstream. DocTailor allows users to to ease of access to blockchain, cryptocurrency and smart contracts. DocTailor platform also allow to use third party API integration for customizing smart contracts.

Platform Revenue Streams

DocTailor will be eligible to access some awesome features like ‘pay as you go’ (PAYG). DOCT tokens can be used to purchase tailor made legal documents. Person who will use DocTailor’s token will be awarded with extra incentives.

Users can earn money on DocTailor platform by sharing their files. Files are for e.g. agreements and smart contracts on the platform with other users who wants.

Cryptocurrncy by Market Cap

This economy will rely heavly upon self automated, tailor made legal agreements and smart contracts. DocTailor's mission is to lay the foundations for this new economy by enabling non crypto business to fully utilise blockchain technology,while multanesously encouraging the acceleration of crypto business.

Benefits Of DocTailor Features

Clause Selection

User are able to select form 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 Formating

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 document 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 transparancey.

Tracking

Alerts are produced and sent to authors of the documents to keep them updated.

Contract/Document Management

All document, contract and agrrements created by user of the platform can be stored and managed online.

Smart Contract

Use are presented with automated solutions to facilitate, verify, or enforce the negotation or performance of a contract or agreement.

Authentication & Signing

The platform allows user to monitor the recipients participants where a documents, contract or agreements needs a digital/electronic signature or any other form of authorization by a counter party.

Conclusion

Based on the characteristics and benefits of DocTailor, it is clear that the platform has the necessary features and most importantly, the unique selling point required (USP) to achieve its goal of revolutionizing the existing smart contract landscape. The platform A special focus on user experience and accessibility makes DocTailor the most appropriate candidate currently to disrupt existing system contracts.

However, DocTailor's success relies heavily on the greater adoption of blockchain, not only from individuals, but also from legal organizations and professionals. As a tailor platform, there is dependence on users to work on creating DocTailor data. However, blockchain adoption is said to soar in the coming years, with more than half of executives claiming that their business will be at a significant 'loss' position against future competitors if they fail to capitalize on blockchain.

Smart Custom Custom Contract Custom for Everyone and Industry Moving Crypto Business Forward Safely And Trustedly Within a few years, crypto economy will exceed 10 trillion dollars. The owner of cryptocurrency will be the cornerstone in the relationship between decentralized economies and will rely heavily on automated tailor-made legal deals and smart contracts to move forward with business opportunities. DocTailor's mission is to lay the groundwork for allowing non-crypto businesses to access a multi-trillion dollar crypto-flowing economy; at the same time, paving the way for organizations and individuals, to create automated and smart contract deals to help accelerate their crypto business transactions.

Use of DOCT tokens on the DocTailor Platform How DOCT tokens are used on the platform 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.

Token & ICO specification

Total supply – 500M DOCT

Tokensale plus bonuses – 350M DOCT

Blockchain – Ethereum

Payment method ICO – BTC and ETH

ICO rate (changeable) – 2700 DOCT per 1ETH

ICO start date – 31st March 2018

Roadmap