Digital signing with blockchain verification
USE CASE

Digital signing with blockchain verification

Providing immutable evidence by publishing the timestamped evidence on digitally signed documents.

Involved parties

Over 1 million business documents are signed every year through the SignRequest app.

Business challenges

LTO Network - Business Challenge

Evidence of date and time

In case there ever is a dispute about the exact time a document was signed, you need to be able to verify this reliably.

LTO Network - Business Challenge

Document authenticity

In case there ever is a dispute about which version of a contract was agreed and signed, you need to be able to validate which one is the original one.

LTO Network - Business Challenge

Document verification

Documents that are shared and used by multiple parties need to be trusted by everyone involved, and independently verifiable.

Solution overview

Immutable PDF's

The document can be represented as a digital fingerprint by 'hashing' the document. LTO Network stores the hash of this document through a with LTO Network connected systems Anyone with access to the data can verify the document by hashing it and comparing it against the stored version.

LTO Network - Immutable PDF's
LTO Network - Verifiable timestamp

Verifiable timestamp

Not only the hashed document (fingerprint) is stored on the blockchain but also the timestamp of the document. By making documents verifiable and independently auditable, they become more valuable. LTO Network creates portable proof of your timestamped claims. These blockchain-based verifications can be shared and transferred to other parties.

No need for third party verification

Using the on open standards-based LTO Network is, any party can independently verify the authenticity and timestamp of the document, without having to rely on a trusted third party.

LTO Network - No need for third party verification

Advantages using LTO Network

LTO Network - Rock LTO Network - Rock LTO Network - Rock LTO Network - Cost savings

Cost savings

Administrative tasks such as manually entering data into your system, which in turn was received by letter, fax, or email, belongs to the past. With LTO Networks' blockchain technology, all parties can collect structured data into the systems they use to execute and administer these processes. By doing so, LTO Network reduces the administrative overhead with more than 30%.

LTO Network - Rock LTO Network - Rock LTO Network - Easy integration

Easy integration

With LTO Network, you don't have to change your entire IT infrastructure. You can use your existing systems and applications to administer, record, and communicate with LTO Network. The implementation of LTO Network is as simple as connecting an API.

LTO Network - Rock LTO Network - Rock LTO Network - Compliant by design

Compliant by design

Demonstrating compliance is essential in any industry. Using LTO Network, you can record all data entries and steps in your business processes to safeguard evidence and comply with regulations. LTO Network enables one-click compliance reporting for both internal and external communication on your business processes.

Theme
LTO Network solution
Traditional solution
Theme
Document Security
LTO Network solution
LTO Network solution

Anchoring the signed PDF on the LTO Network blockchain guarantees document immutability to all parties involved.

Traditional solution
Traditional solution

With professional PDF-hackers around, certainty on signed documents cannot be taken for granted.

Theme
Document Verification
LTO Network solution
LTO Network solution

With pre-integrated and independent validation tools linked to the blockchain, any party can independently verify the authenticity of a document.

Traditional solution
Traditional solution

Verifying the authenticity of a document requires the need of a third party which is time-consuming and costly.

Theme
Costs and Speed
LTO Network solution
LTO Network solution

The blockchain of LTO Network is optimized for anchoring, making transactions affordable and occurring at near-instant speed.

Traditional solution
Traditional solution

Traditional blockchains tend to be very slow. Anchoring transactions on them is expensive.

Using the blockchain for Proof-of-Existence of electronic signatures makes sense and is already happening. When we researched blockchain platforms, LTO Network stood out in terms of speed, set-up, and capabilities. We can include the blockchain transaction identifier directly into our signing logs which that circulate upon signing, without the need to wait minutes for confirmations. Moreover, the potential for creating decentralized workflows pushed us over the edge and made us add the LTO Network solution as an option to our users.

Michael Krens
CTO of SignRequest
LTO Network - Rick Ros

Software Vendors

Do you want to know more about our products, pricing and reseller options? Rick is here to help you out!

LTO Network - Martijn Broersma

Business

Curious to learn how LTO Network can increase your process efficiency? Martijn is here to help you out!

LTO Network - Sven Stam

Developer

Are you a developer that wants to learn more about the tech and documentation? Sven speaks your language!