Batu Permata: DOCTAILOR

SMART CONTRACT PLATFORM

About DocTailor

There is notable demand for smart contracts, although few are making use of the services that have already been made available. In fact, while almost half of all senior executives believe there is value in smart contracts on the blockchain, and while they would be happy to use a smart contract service, reports suggest that just 13% have actually incorporated the technology into their work. This highlights the fact that there is something missing from existing services which is preventing widespread adoption.

The creation of smart legal documents is currently posing a challenge for many organisations and individuals, particularly for those with limited developer experience. The concept has been criticised for being both costly and time consuming. DocTailor aims to address these common issues and concerns.

DocTailor is a unique, automated legal document platform facilitating the creation and distribution of self customised smart legal documents on the blockchain. DocTailor has been designed to simplify implementation of a smart contract, significantly reducing associated time and cost for users.

DocTailor has been developed by a blockchain-experienced team, striving to utilise the groundbreaking technology in new and revolutionary ways. Many of the team’s developers have joined DocTailor from artificial intelligence (AI) backgrounds, working to further develop the idea through AI-focused systems.

The Problem

Blockchain technology remains a relatively new and undiscovered concept; a fact which is, in part, responsible for the current low adoption rates that have been witnessed. Many businesses and consumers are still not fully onboard with the notion, and blockchain has become something of a controversial topic, despite the many clear benefits that this sort of technology promises to deliver.

However, some areas of blockchain are more widely accepted than others. For example, research suggests that the notion of storing personal data on the blockchain is still many years away from widespread adoption, with many believing it will take around 10 years for this to become mainstream practice. The public are, however, somewhat more open minded about smart contracts on the blockchain, with this utlisation of the technology estimated to become mainstream practice within 5 years.

The Solution

DocTailor has been introduced as a viable long term solution to issues hindering the widespread adoption of blockchain technology. Focusing on a highlighted flaw of existing smart contract applications — user experience — DocTailor enables easy access to blockchain, cryptocurrency, and smart contracts.

The platform will support third party API integration, allowing for any customised smart contracts to be incorporated into third party systems. The notion is simple: to make it easy and straightforward for businesses to create and deploy smart contracts while benefiting from the cryptocurrency economy.

Use of DOCT tokens on the DocTailor Platform How DOCT tokens are used on the platform

DOCT tokens give users access to create smart tailor-made legal documents on the DocTailor platform. Every token provides users with “DocTime” which can be used to create contracts, agreements for use in over 100 different industries.

Every token used on the platform instead of fiat currency, adds extra time to the users account. Token users are awarded bonuses; in the form of access to exclusive smart document templates and free-feature time.

Token Uses

Token Holders

1. Token holder can either convert Doctailor pokens rewards to DOCT or ETH.

2. 5% of total revenue derived from the platform is allocated to all DOCT token holders every quarter.

Business Users

DOCT tokens allow businesses in all sectors, to start accepting cryptocurrency securely and safely

Crypto Users

DOCT tokens allow cryptonians to spend cryptocurrency on websites, in physical stores and for services.

Platform Users

DOCT tokens allow legal professionals and users to create customised legal binding smart contracts that deliver useful functionality and create business opportunities; at the same time earn the authors income, who op-in to having their document made available to other users looking for similar requirements.

Number Of Tokens On Sale

500M (500,000,000) DOCT, of which:

300M to be available in tokensale.
50M are reserved for ICO bonuses.
100M retained by DocTailor.
50M are reserved for early adopters in PRESALE
Ethereum ERC20
Purchase methods accepted: BTC and ETH (1ETH = 2700 DOCT tokens)

Benefits of Doctailor Features

Clause Selection

Users are able to select from an unlimited database of carefully formulated clauses that have been precreated by legal professionals from various industries.

Merging Clauses

Selected clauses can be merged into existing document templates to alter and create unique tailor-made contracts, agreements or documents.

Document Structuring

Legal documents, agreements and contracts that require tailor-made structuring can be created in short time depending on the context of the document required.

Document Formatting

Documents created on the platform can be downloaded in a varity of formats for external use. Those formats include Word, HTML, XML and PDF.

Blockchain

All documents templates and structures have been checked over before being uploaded to the platform for the use of platform users. The templates are also held on the blockchain to maintain clarity and transparency.

Tracking

Alerts are produced and sent to authors of the document to keep them updated.

Contract/Document Management

All documents, contracts and agreements created by users of the platform can be stored and managed online.

Smart Contracts

Users are presented with automated solutions to facilitate, verify, or enforce the negotiation or performance of a contract or agreement.

Authentication & Signing

The platform allows users to monitor the recipients particpartion where a document, contract or agreement needs a digital / electronic signature or any other form of authorization by a counter party.

Roadmap and Timeline