distributed Document Lifecycle Traceability
DLT Distributed Ledger Technology
DactaTrace solutions enable consortia of enterprises and organisations to jointly author, revise, approve, sign, share, and countersign structured and unstructured documents.
DactaTrace solutions provide complete privacy, and full cross-enterprise, and cross-organisation traceability and auditability, from the time when the first draft of a document is created, through all subsequent document state transitions, e.g., revisions, approvals, signings and countersignings, until the document is finally archived, in a final document state transition.
When documents are shared between two parties, there is absolutely no information broadcast to or otherwise shared with any other party in the DactaTrace network.
DactaTrace solutions exploit permissioned blockchain technology to provide complete traceability and auditability of all document state transitions, both within an enterprise, as well as across enterprises.
Whenever a document is revised, approved, shared with another party, signed, or countersigned, the related document state transition is recorded in the distributed ledger of each involved party.
The DactaTrace node of each party contains a private vault that stores immutable copies of each document version that is referenced by a document state transition in which the party was involved.
Corda Smart Contracts provide auditable enforcement of business process rules that govern the sharing of documents and other types of information between enterprises and organisations.
The Corda Distributed Ledger Technology creates and maintains consensus between the nodes about existence and status of all shared documents.
This guarantees that all parties that have shared a document, always see the same immutable document version, that the recipients cannot deny they have actually received that exact version of the document, and that the sender cannot deny having sent that exact version of the document.
Use Case Examples
GETTING FROM A pROPOSAL TO A COUNTERSIGNED CONTRACT
Signing and countersigning based on private keys and cryptographic hardware tokens.
Signatures, and countersignatures are irrevocably attached to the proposal, and to the contract.
DactaTrace Distributed Ledger Technology ensures that both sender and recipient can prove, without any doubt, the exact time when the proposal was signed, sent, delivered, received, viewed, and countersigned.
The DactaTrace solution provides non-repudiation in both directions, i.e., the sender cannot deny the fact of having signed and sent the proposal, and the recipient cannot deny the fact of having received, viewed, and countersigned the proposal, turning the proposal into a countersigned contract.
sECURE AND CONTROLLED SHARING OF proprietary or otherwise SENSITIVE INFORMATION WITH EXTERNAL PARTIES
Documents classified as CONFIDENTIAL are protected through end-to-end encryption.
Confidential documents are encrypted while in transit, as well as in the private document archives of both the sender, and the recipient.
Documents classified as PERSONAL are protected through personal cryptographic hardware tokens.
DactaTrace Distributed Ledger Technology ensures that the sender can prove what information was shared with whom (and when), and that (and when) the recipient(s) actually received the information.
distributed DOCUMENT AUTHORING AND VERSIONING
DactaTrace Distributed Ledger Technology keeps track of the individual contributions and review comments of each involved party over company boundaries, across all document versions.
Starting from the current version of a document, each involved party can individually trace back through the document creation, review, and revision history.
The DactaTrace Distributed Ledger allows each involved party, as well as authorised external auditors, to see all original contributions, all review comments, as well as which review comments were accepted, and which review comments were rejected.