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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Party for the POC Believers – A New Consensus, a New Era
One of the most influential blockchain conferences – Consensus 2019, has just ended. Leading figures from all over the worlds of business and technology are still discussing the stories that emerged during the event, on the blockchain market, tech development and more.
Consensus is the core spirit of blockchain. The Consensus conference is named after this principle. While paying tribute to the technology, it inspires people in the blockchain industry to communicate, innovate and solve problems.
After attending the Consensus conference, the BHD Community held an invitation-only party, ‘New Consensus, New Era’, at the Hilton Hotel NY on 14th May. This party gathered people from all over the world who believe in POC consensus, hard disk mining, and BHD, and gave them a good opportunity to connect in person.
Gary, BHD Community Initiator and Hpool COO, stated,
“The POC consensus adopted by BHD will lead a new era. Compared to ASIC mining, hard disk mining costs much less. The hard disk is also the most decentralized mining hardware in the world.”
He believed that only POC could realize the initial vision of Nakamoto – ‘one person, one vote’ – and called on people to join the POC ecosystem.
The attending investors and practitioners had deep discussions on the POC consensus and showed high recognition and interest.
[Network Session at the Party]
[BHD at Consensus 2019]
[photo with the visitors]
In the era of POW, BTC was at the forefront of the scene; now the rise of POC brings a new trend. BHD is the pioneer of this revolution, with new consensus and new mining structures. BHD will become the ‘BTC’ of the POC consensus mechanism.
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