In times of fraudulent cases and unfair practices, the importance of a robust platform that can maintain and provide a chain of custody for any legal document is more important than ever. However, maintaining a chain of custody while complying with all legal procedures to eliminate any loopholes is not an easy task.
Moreover, data verification, authentication, and due diligence is not a static process as it requires continuous monitoring to check its expiration date and avoid conflict.
Luckily, KwikTrust offers a blockchain-powered solution to maintain, validate and provide an irrefutable chain of custody for all legal documents. KwikTrust increases security while simultaneously saving time and money on due diligence processes.
Who is KwikTrust, and how does it create an irrefutable record of activity?
KwikTrust is a due diligence software-as-a-service platform that speeds up the process of file validation and due diligence to provide provenance and legal protection. The platform aims to become the new global standard for signing and securing files by solving problems such as security risks, high costs, and insufficient data inherent in the due diligence process.
KwikTrust provides a solution to the several problems generally faced in the legal process using blockchain technology. The problems KwikTrust offers a solution for include:
- Most platforms do not dynamically monitor data verification, authentication, and due diligence. Data and agreements are constantly changing and expiring, so it is crucial to keep a thorough check to avoid legal conflicts.
- The existing due diligence process involves several parties, increasing the chance of human error, making it an inefficient process.
- Utilizing third-party validations can cause bottlenecks in the system and simultaneously slow down the process with increased costs.
- Bad actors can potentially manipulate data and evidence. Blockchain technology helps remove this obstacle by providing an irrefutable record of activity.
KwikTrust is a next-gen e-validation platform that enables users to create immutable records on blockchain for any document or piece of information. The platform provides provenance and legal protection enabling self-certified and third-party validation of files.
Users can quickly validate and record intellectual property such as contracts, invoices, accounts, references, qualifications, audio and video files, etc. and store them on the blockchain. All of these intellectual properties are represented digitally and validated, which can also be minted into an NFT as a permanent record of ownership.
Moreover, users can create collaborative and secure working environments with full audit trail capabilities and tamper-proof file management. KwikTrust also assists in managing time-sensitive files online by notifying the users before the expiration date. Users can collate evidence for legal cases to get approval from all parties before the case to save time and expense.
KwikTrust is a SaaS model with a freemium and tiered pricing structure that facilitates easy user onboarding and upselling. The platform offers enterprise-grade solutions and consulting services to ensure a hassle-free experience for all parties. To learn more about KwikTrust and begin validating intellectual property, visit https://www.kwiktrust.com/#.