DocuChain

The Blockchain-based
Electronic Document & Contract Processing

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What is DocuChain

Blockchain-based e-document & contract processing
The DocuChain project aims to establish a protocol and a platform that encompasses blockchain-based e-document/contract creation, sending, and authentication that have advanced from existing e-document/contract services in line with this trend.

Market Status

The necessity of e-document projects.
It is estimated that Korean companies and financial agencies spend more than ₩1 trillion annually on the distribution and storage of various documents. Due to the traditional storage method, it is difficult to use stored documents for search and reference. In particular, with the advancement of the industry, the volume of these documents is growing exponentially, but efficient operation against cost growth is approaching an almost impossible level.

Platform Overview

DocuChain provides the following solutions through blockchain.

Platform Overview
Service flow
As shown in the diagram above, the biggest difference DocuChain has compared to traditionale-document services is borrowing blockchain-based decentralized systems rather than operating document repositories through centralized servers. This allows the document to have one-dimensional higher levels of inalterability and authenticity than conventional methods.

Service Details

In DocuChain Platform, users can use the following services.

  1. 01E-documentation of existing paper documents
    E-documentation of existing paper documents E-documentation of existing paper documents
    It is a service that can safely store existing paper documents by e-documenting them to DocuChain in which the e- documents are encrypted and verified on the blockchain and then safely stored in IPFS cloud storage. By the time DocuChain is qualified as an authorized e-document storage, existing paper documents are discarded and newly created e-documents are granted of legal status.
  2. 02E-contract execution
    E-contract execution E-contract execution
    The contracts can be easily signed by e-documentation, which processes authenticity and inalterability in DocuChain with blockchain-based smart contracts and NFT. The contracts between contractors are converted to NFT, and each contract entity has a kind of authorized certificate with the authenticity of the contract.
  3. 03Indemnity insurance claiming platform service
    Indemnity insurance claiming platform service Indemnity insurance claiming platform service
    Applying it to the indemnity insurance claim channel based on electronically validated documents and contracts in DocuChain Platform will help solve many of the problems that can occur in the structure of receiving documents and submitting them directly to Insurer.

Solana Core Technology

the Docuchain platform will also coexist with the Solana ecosystem through the Solana blockchain network,
which is currently evaluated as the blockchain with the best performance, and will become a stepping stone for Docuchain to achieve great growth.

Solana Core Technology Solana Core Technology
PoH(Proof of History)
The Solana blockchain focused on optimizing the communication method of network nodes and developed Time Division Multiple Access (TDMA) so that it can have a large scalability in data communication. By supporting multiple simultaneous data channels, the scalability of limited bandwidth is greatly increased. In addition, other blockchain networks require communication between valley data to agree on the passage of time, but Solana's valley data has built a system that maintains and manages its own clock by encoding the passage of time on SHA-256.

Docuchain NFT Process

Docuchain is expected to create a significant synergy effect for the electronic document system
by merging electronic documents and electronic contracts with NFT technology.

Docuchain NFT Process Docuchain NFT Process

It is impossible for NFTs to replace one token with another. Since each token has a unique value or information, it is not compatible with other tokens, and since no one, including the token issuer, can reproduce or transmit it at will, and therefore, the reliability and security of NFTs are very high. Using this NFT technology, Docuchain can issue electronic contracts as NFTs to enable the protection of many people's contract information or assets.

Token Economy

DCCT, a token to be utilized in the DocuChain Platform, has the following forms of flow.

Token Economy Token Economy
Token Economy
Token Name DocuChain
Token Symbol DCCT
Protocol SPL(the token standard on the Solana blockchain)
Total Supply 2,000,000,000 DCCT
Token Economy Token Economy

Team & Advisor

Daniel
CEO
Vice president of Icerti
Blockchain platform / security Solution
Certificate issue service
B Publishing Representative Electronic contract service / IT solution
Accelerator
Kevin
CSO
Happysoft Representative
Security Consulting / IT Solution
Mingi Kang
Encryption solution / Blockchain development
Former PascalSoft
19 years of experience
Yongman Gung
Application Soft / Blockchain Development
Former LG Electronics software development team
20 years of experience
Sangkwon Lee
Application Soft / Electronic Document
Former Hyundai Information Technology
Taehung Kim
Document security platform
Former IDC Tech
Daechul Shin
Advisor
B Trust Founder
Software Development/ Integrated security service
Adjunct professor at Korea University Graduate School of Information and Communication
Former Director of Blockchain Association
Former CEO of Blockchain Consulting
Sihung Bae
Advisor
Government Agency Venture Capitalist
Former SM Investment
Specialized in IT company Investment

VC & Partners

VC
Partners
Happysoft

Roadmap

Timeline

2022

2022 Q1
: Docuchain Platform Beta Launch
2022 Q2
: Official Platform Launch
: Global Service Launch
2022 Q3
: Official document platform / Collaborative model for government offices and local governments establishment
2022 Q4
: International document notarization and document translation notarization system

Community

Stay tuned for the latest news from DocuChain

Do you have any more questions?

DocuChain will help you.

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