FirmaChain Partners With Chainlink To Verify Digital Contracts Better

FirmaChain is the latest company to partner with Chainlink in order to improve the digital contract signing process and to improve verification, as we are reading more in the upcoming LINK news.

Chainlink doesn’t seem to be stopping with the advancements and partnerships as FirmaChain joins the Chainlink team today. The goal of the partnership is to change how legal documents are secured and verified across the world. Blockchain-based solution Firmachain is integrating Chainlink according to the latest announcements as an oracle network that will make real-world information available to blockchain platforms that will allow users to check conditions and specific terms of a contract are fulfilled in a reliable manner.

Blockchain-based e-document solution @FirmaChain is integrating Chainlink to create more seamless digital contracts. For example, car rental contracts using #Chainlink to validate driver licenses within the signature process for better customer experience.

— Chainlink – Official Channel (@chainlink) July 23, 2020

Chainlink is a decentralized oracle network that makes real-world information to the blockchain platforms across the world which will allow users of FirmaChain to check whether terms and conditions of a contract that are specific are fulfilled in a secure and reliable manner. This will expand the functionality of the contract and will turn it from a strategic agreement to a dynamic agreement which will be learning what is happening in the outside world and will be able to execute automated actions based on this information:

 “Chainlink nodes have credential management capabilities, allowing them to handle login credentials. This is an essential functionality for allowing the contract to connect with permissioned data sets that sit behind paywalls and/or credentialed logins.”

[Announcement] Offical launch of Firmachain’s e-contract platform, duite.!

Check out our latest posting.

How to use our new e-contract platform Duite.
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👍 https://t.co/RUCq10NNIl

— FirmaChain (@FirmaChain) November 21, 2019

Firmachain said that chainlink has a platform with a technical framework that develops strong availability and security guarantees because it uses a decentralized “aggregation of multiple secure oracles a high-quality data sources to avoid any single point of failure in the delivery of the external data on-chain.” The CEO of the company Youngin Yoon said:

 “Providing a seamless customer experience is our number one priority. Our focus is firmly set on searching reliable methods that would allow FirmaChain to successfully bring off-chain data into our on-chain solution.”

Yoon added that Chainlink’s integration will boost the company’s services alongside bringing dynamic contracts to high-quality data. The partnership aims to solve the bigger concerns of the digital world as the legal bindings move to computers which are becoming harder to verify the authenticity.  FirmaChain aims to solve this problem as the e-contract platform has a lot of teams based in Singapore and South Korea that want to resolve legal issues.