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Blockchain technology seems to have a bright future. It is used by more and more enterprises and governments to perform many different tasks. Blockchain and cryptocurrency technologies are able to create an efficient, secure and fool-proof system with sufficient room for automation. Experts say that smart contracts and blockchain will have a strong impact on various industries in the nearest future. However, the incorporation of blockchain technology and smart contracts is very challenging due to several factors. They have a lot of advantages, but without the required knowledge and specialists, the key benefits of these technologies get lost. There are not so many developers in the market and creating unique legal smart contracts is both time-consuming and costly, particularly for users with no developer experience or little understanding of how to receive cryptocurrency or utilise blockchain technology. The solution can be found in the DocTailor platform that has been designed to solve the problem through provision of an automated legal contract database which can be used to create growth and development opportunities. DocTailor is aimed at lawyers and legal professionals, businesses in all industries, and individuals, with an easy-to-use interface. The DocTailor project is expected to benefit users through the provision of more than 10,000 legal clauses, the ability to merge clauses into existing document structure and integrated tracking options which can make it simpler for businesses to monitor recipient action. The platform will utilise its own DOCT tokens as the sole designated means of payment, giving users access to DocTime where they can use a selection of features and clauses to create their own smart contracts.

The DOCT token will be an ERC20 token and the 500 million tokens that are created is the only amount that will be made ever. The initial token launch will start on March 31, 2018.

There is a clearly defined and understood business model but the technical mechanism of blockchain needs to be explained in more detail. The DOCT token has a clear economy and its use in the project’s ecosystem is justified.

However, for such a complex and ambitious project it might be surprising to learn that WP is only 15 pages long. For the time being (February 20, 2018), I found that WP is not a comprehensive document, one cannot find some essential information in it. For example, how the tokens will be distributed, what percentage of stakes the developers or presumed advisors have in the entire budget. I couldn't either find the information regarding fundraising caps. Is there an escrow system or will they be using a smart contract with multiple signature wallets? I suppose, the automated legal document platform should be described in a more detailed way showing all possible features and functions.

The website is neat and well presented, translated into many languages like Arabic, Bulgarian, Estonian, Japanese, Spanish, Portuguese, Russian, Chinese and a lot of others.

The site presents a professional core team of 8 members and 10 experienced advisors with extensive crypto, legal and financial knowledge of the blockchain sector. A brief bio is displayed with every photograph and all persons have a link to LinkedIn profiles. Though the DOCT ICO is developed by such an amazing team, its current presence across the Social Media is not adequate. The number of participants in the Telegram chat - 142 members, Twitter - 1710 followers, Facebook - 172 followers, Linkedin - 9 followers. These numbers are not particularly remarkable, it highlights the need for more work on the ICO’s part.

All in all I like the idea. I believe that the team will be capable to launch the DocTailor platform and the project will be successful.



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