VeriSign: A Secure Contract Consensus Platform on the Blockchain with Amendment Functionality
This addresses the need for decentralized amendment tracking in contracts and legislation, but it is incremental as it applies existing blockchain technology to a specific domain.
The authors tackled the problem of tracking amendments in electronic signatures by proposing VeriSign, a secure contract consensus platform that uses a blockchain to store transaction histories of contracts and amendments, resulting in a user-facing app for voting and tracking.
While electronic signatures are widespread, there currently exists no viable signing solutions that can track amendments. We proposed VeriSign, a secure contract consensus platform where amendments to contracts can be tracked in a decentralized medium. We demonstrate a user-facing app where signatories can vote on original contracts and amendments, and incorporate a Blockchain where we store the transaction history of original contracts and amendments. This platform has possible applications in tracking the history of legislation, and amendments to legislation.