Blockchain technology is considered to be the most disruptive technology of this decade, it has already proved that it can be very useful in a lot of industries, but not everybody can grasp its advantages yet. After the rise of the Ethereum blockchain, there has been a lot of buzz about smart contracts and DocTailor is creating a platform where smart contracts can be easily made by anyone.

What are Smart Contracts?

Smart contracts are just like contracts on the paper, the main difference is that they are completely self-executing, digital and stored inside of a blockchain. They don't require a third party or a middleman to be executed.

Here is an example for better understanding: when you are investing in an ICO with ETH and the project doesn't hit the soft cap, then the funds are automatically returned to your ETH address thanks to the smart contract. In this case, they work like an escrow between the supporters and the product team.

DocTailor platform

DocTailor offers beneficial services to many organizations and individuals who need help in creating smart legal documents. Creating smart contract can be expensive, time-consuming, and challenging task because not so many people know how to do it. DocTailor is creating a platform, where legal tailor-made smart contracts and agreements can be easily made without any prior developer experience.

In their research, they have discovered that more than 46% of executives are willing to use smart contracts, but they cannot adopt them yet, because they are too expensive and producing them requires specific knowledge. Because this is fairly new technology there isn't a lot of professionals that have the right skills. If we want that smart contracts and blockchain become mainstream and part of our everyday lives, we must start implementing solutions like DocTailor.

Main features of the platform

Clause Selection: User can use one of the pre-created legal clauses that have been created by various industries legal professionals.

Merging Clauses: User can merge selected clauses into existing documents.

Document Structuring: Allows you to produce new contracts easily.

Document Formatting: Documents created on the platform can be easily downloaded in the formats like Word, HTML, and XML.

Blockchain: Documents are stored on the blockchain, this means decentralization and transparency.





The Team

The members of this team bring various backgrounds to the table all with one thing in common, a desire to see blockchain and smart contracts work.

The CEO, Sam Enrico Williams is a blockchain expert with a lot of experiences in system architecture and intelligent systems.

The rest of the team consist of:

Token Sale Details

This platform will be powered by their cryptocurrency token DOCT, enabling the user to operate all utilities within the ecosystem.

Initial Coin Offering is currently live with 30% bonus, 1 ETH equals to 2700 DOCT tokens. They have already sold more than 10,000,000 tokens and raised almost half a million dollars.

The total token supply is 500 million tokens. A maximum number of 300 million tokens will be sold at the ICO.

Roadmap

Conclusion

The use of DocTailor will simplify the lives of many through its efficiency and time-saving. The blockchain based business environment has been growing exponentially and there is a growing demand for smart contracts. DocTailor is a much-needed product if we want to bring cryptocurrencies and the blockchain to the mainstream.

Their well-written white paper and FAQ available at: http://www.doctailor.com

Twitter: https://twitter.com/documenttailor

Bounty: https://bountyhive.io/r/ringzero















