The system verifies thoroughly every condition before contract signature. The contract will not be signed if any system-tracked condition is improperly changed.
Public and private contracts
Depending on whether the user wants or does not want the contract to be publicly disclosed, he can choose whether the contract is public or private. The process of signature is performed by entering WALLOK private keys by each counterpart.
Storing the flow of documents on the blockchain significantly reduces the cost of overheading. You can always be sure of the authenticity and validity of your documents.
How does it work?
The counterparts share a smart contract through WALLOK to sign it. The system will verify the authenticity of the contract itself and the signatures, confirming the fact of its signature. The next step in the work process will be the confirmation of the contract compliance.
The system verifies documents by several participants. To do this, when creating a verification document, the creator loads the required documents and the list of participants.
The user of the system can at any time track the verification of the document, when and by whom it was or was not verified.
The system allows you to create both private documents and public documents. Private documents will be marked as anonymous in the system and no information will be stored in the system except the document hash.