DocTailor provides you with the tools to create smart legal binding contracts that will empower your business offerings
If a company produces, buys or sells goods, the possibility to make each process of a supply chain more transparent will improve its business. Smart contracts allow the tracking of product movement from the factory to the store shelves.
The typical problem with insurance policies is the long amount of time it takes during the claims process. This is where smart contracts will be the most useful. Normally the claims process involves many manual operations and requires a lot of human action.
Smart contracts can be used for the benefit of trade finance as the process for Letter of Credit issuance requires a significant amount of paperwork and coordination.
There’s a commonly acknowledged problem within the entertainment industry in regards to determining who owns the rights to a particular song or any other piece of art and how to guarantee that every person relevant person will receive their share of any royalty payments.
In the banking industry mortgages are an important driver of growth, but the current mortgage loan process is complicated, time-consuming and expensive. This creates an enormous imperative to improve the efficiency of internal services and processes.