A San-Francisco based company, DocuSign (DOCU) has recently collaborated with the Ethereum’s blockchain. DOCU deals with providing its customers with electronic signature technology and digital transaction management services.

The company holds a majority of 40,000 customers including many major businesses and firms. The main motive is to provide customers with a automatic copy of DocuSign agreement on the Ethereum blockchain. Moreover, the blockchain will keep a record of every individual successful transaction. This will provide an added layer of security and transparency to the users.

According to the recent tweet, this will come as the upgrade of the former DocuSign’s system to track transactions. Earlier, data was verified only by tracking signatures. This led to increase in the use of resources. To avoid this, the company suggests using Ethereum Blockchain.

Regarding this, Ron Hirson, Chief Product Officer at DocuSign also shared his opinions. He explained that every transaction will come to a stage of completion with the addition of a cryptographic hash function. The value of the transaction is mentioned in the Ethereum blockchain.

Further noting, he described that this will serve as a more secure environment for the users, as the signatures are tamper-proof. Moreover, the transaction will be available to anyone for verifying and for regular scrutinization.

Ron also commented that DOCU is positive about this partnership with Ethereum blockchain. As per the team, Ethereum blockchain is a good platform in their view. The team tends to evolve itself in the smart contracts space and be the number one choice for the customers worldwide.