SignRequest, one of Europe’s leading electronic signing providers, added a new blockchain solution to its electronic signature application. By integrating the Dutch-based blockchain platform LTO Network, they enable blockchain technology as an option for more than 1 million users worldwide, resulting in over 300,000 monthly transactions on LTO Network public chain.
Over the last few years, the adoption of the digital signature has seen an immense rise in the corporate landscape. Whereas just years ago, scanners and couriers had a significant part in the concluding of a ‘wet signature’ agreement, the digital signature has become embedded widely in finance and legal departments.
Industries that are traditionally slow on widely adopting new technologies, with digital signatures appearing to be the exception to this rule.
This multi-billion dollar industry with a 31% per year compound annual growth rate shows the stretch that this technology still has to offer.
With the future in mind, in which novel solutions allow digital signatures to become digital workflows that save money, increase efficiency and move businesses forward, these projected growth numbers even seem rather conservative.
Michaël Krens, CTO of SignRequest remarked,
“Using the blockchain for Proof-of-Existence for electronic signatures just makes sense and is already happening. When we researched blockchain platforms, LTO Network stood out in terms of speed, set-up, and capabilities. We are able to include the blockchain transaction identifier directly into our signing logs which are circulated upon signing without the need to wait minutes for confirmations. Next, to that, the potential of creating decentralized workflows did the trick to add the LTO Network solution as an option to our users.”
Rick Schmitz, CEO of LTO Network mentioned,
“The LTO public blockchain is optimized for anchoring transactions, making it light and effective. Using the so-called Bitcoin-NG protocol, the network pre-approves transactions instantly before the hashes are stored on LTO Network. This makes the LTO Network ideal for Proof-of-Existence on documents, emails, and other off-chain data.”
To really differentiate yourself from other players in the electronic signature landscape, you have to think outside the box. You can trust SignRequest systems, or any other signature provider, that the time of signing stated in the audit trail is the correct one, but with enabling blockchain technology our users now have the possibility to have hundreds of other systems verifying this as well and thus eliminating the need to trust a single party.
Rick Schmitz, CEO of LTO Network said,
“SignRequest is a perfect example of a forward thinking company who sees the blockchain landscape and narrative maturing. Millions of transactions per year will immensely stimulate LTO Network’s usage and the trust in it.”
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BitMax.io [BTMX.com] Announces Listing of Standard Tokenization Protocol [STPT]
BitMax.io [BTMX.com] has announced the listing of STPT, the native token of Standard Tokenization Protocol, a decentralized network for the tokenization of an asset.
Trading for the STPT/BTC and STPT/USDT pairs will be enabled on Tuesday, June 25th at 10:00 am EDT.
As part of the listing collaboration, the BitMax.io team will provide strategic support to the STP team throughout the platform launch.
Dr. George Cao, Co-Founder & CEO of BitMax.io, stated,
“STP is a necessary project for the overall space. Their focus on unlocking value and building an ecosystem of high-quality assets in this industry made our decision to list them very easy.”
With the listing of STPT, BitMax.io will strengthen its leading trading platform status by continuously adding solid projects, as well as provide more diversified global exposure to the Standard Tokenization Protocol.
About Standard Tokenization Protocol and STPT
Standard Tokenization Protocol’s STP-Standard is an open-source standard that defines how tokenized assets are generated, issued, sent, and received while complying with all necessary regulations. The protocol allows assets of all kinds to be tokenized in a way that makes them fully compliant across jurisdictions and transferable across any ERC20 platform.
Tokens built on top of the STP-Standard will use the protocol’s on-chain Compliance Validator to verify compliance with relevant regulations [i.e. KYC, AML, Accreditation, etc.] as well as any issuer-specific requirements [i.e. ownership concentration, holding periods, voting]. The Validator Committee will serve an advisory function to ensure the Compliance Validator is enforcing the most up-to-date legislation at all times.
About BitMax.io [BTMX.com]
BitMax.io is the industry’s next-generation digital asset trading platform that provides a broad range of financial products and services to both retail and institutional clients across the globe.
This innovative trading platform was founded by a group of Wall Street quant trading veterans and built upon the core values of blockchain, transparency, and reliability, to deliver high-quality client services and trading experience.
BitMax.io always strives to provide its global users with a comprehensive set of trading products. BitMax.io enabled margin trading on Feb. 14th, 2019. The margin trading function is another step forward from a product-offering perspective to better serve their dynamic trading needs.
For BitMax.io users who understand and acknowledge the risks involved in margin trading, they are now able to leverage their tradable asset for a potential higher return on investment through margin trading with sound risk management. The list of digital assets that can be traded on margin has increased from the initial four to 18 different tokens, even including BTMX.
It’s another pioneering move for BitMax.io to enable margin trading in its own native token. It expands the utility functions of BTMX, and incentivizes liquidity on the platform. [The margin trading function of BitMax.io is not available for North American markets.]
Similar to the innovative margin trading launched on BitMax.io, the introduction of this unique Volatility Card has again showcased the team’s deep understanding of the inner working of the capital market and their advanced expertise in financial product design.
BitMax.io Volatility Card is the first volatility-linked derivative product of this platform that allows global users to forecast and trade off price fluctuation of underlying major coins during preset time windows in a simple yet effective way. Named as Turtle and Bunny Card after Aesop’s fable – the Tortoise and the Hare, the card has a quasi-option structure for underlying trading pairs yet largely simplified payout form. Users can purchase a different card for the prediction of price movement either within a certain range [Turtle Card] or above a certain range [Bunny Card].
Those who predict the correct range of price movement will receive the payout equivalent to the notional value of the card. Volatility Card uses a simplified payout form without the complication of settlement and clearing issues common for real currency options. Users just simply select which card to purchase to trade on their view of the volatility of underlying asset either within or above a certain range.
It is easy to understand and use for all types of traders with the need for either very short-term momentum trading or partial risk hedging against outsized price swing in very volatile market conditions.
BitMax.io has experienced significant growth since its launch in 2018 and is deeply committed to providing a high-performance, client-centric trading platform to its global client base. Currently, the platform has over 180,000 registered users, with over 53,000 active community members. The listing of STPT not only broadens its trading pair scope but also helps to attract more volume and users to the platform.
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