DocFlow
White-label permissioned blockchain software that digitizes powers of attorney and enables the principals to manage authorizations in favor of representatives allowing them to act on their behalf.
[ ENTERPRISE ] [ IoT ] [ SMART CONTRACTS ] [ PERMISSIONED BLOCKCHAIN ] [ HYPERLEDGER ] [ DOCUMENTATION ] [ PoA ]
2019-2020
The mainstream procedure of issuing and withdrawing powers of attorney necessitates the physical presence of all the parties involved. The fundamental concept governing the development of this software product was to simplify the issuance and retrieval of PoA.
Over and above, Distributed Hub team pursued the automation of tracking executive copies usage for all the user roles involved. To put it in effect, the Principals (senior-level executives) are expected to be responsible for how representatives further handle the copies after issuance.
A multi-tier access restriction system is put in place to ensure data security and source trustworthiness. A contingency backup plan is also needed to retrieve and restore data in the unfateful event of any and every technological failure.
The solution we materialized is a fully-functioning Typescript-based MVP web application for a blockchain document notarization system. Built upon a P2P HyperLedger Fabric network, the app utilizes built-in chaincode smart contract technology. Current MVP’s architecture allows for hasslefree changes and timely updates.
System’s Infrastructure
Web UI for admins, notaries, principals, and representatives
Secure database on the back-end and a DLT network for file storage
Secure API gateway for data access
User interface for certificate storage and access
Linking together notarization parties, the web application serves as a convenient user interface through which admins can reach out to new notaries. Notaries are allowed to create and issue power of attorney copies on their end, upon receiving requests from representatives.
As for the principals and representatives, they can utilize their web app for issuing and revoking powers of attorney (to be then signed by notaries and further directed to representatives). Depending on the status of their power of attorney, users can assume the role of either principal or the representative.
All the ledger participants rely on a consensus mechanism due to the process of maximum trust verification. This takes them onboard to decide upon the nature of data to be stored on the block.
Over 20 trading modules are customizable as well, so the user can individually configure each module by style and display. The minimal trading module set provides simple UI for trading processes. Trading modules include candle chart, visual depth, order book, trading logs, ticker display, and others.
Major Capabilities
Blockchain-based doc uploading
Tokenized client registration
Proof of origin tracking
Access code generation
Data encryption and hashing
Major Workflow Steps
Initialization at the Blockchain network host end
Initialization at the notary company end
Notary registration
Principal/Representative registration
Generation and signing of Power of Attorney
Further Development Plans
Building desktop and mobile applications
Adding gateways with traffic certification support and blockchain data confirmation
Developing Cloud data storage system underpinned by CDN access
SOLUTION characteristics
Immutability with uncompromised security
Zero transaction fees
Multi-tier role-based access
Absence of third parties
Double-entry system
Time-stamped blocks
GDPR compliance
Transaction evaluation under 200 milliseconds
FEATUres
System instance setup
Inviting, managing, and removing notaries
Admin and notary login
Account creation and login for principal and representative
Issuing, approving or rejecting powers of attorney
Viewing, using, and revoking powers of attorney
5 months
duration
6000
man-hours
Projects
By taking a tailor-made approach with every client, we’ve successfully delivered over 300 projects in blockchain, artificial intelligence, IoT, AR/VR, game development, web and mobile app development
