Nanda Crypto: Self Customizing Smart Legal Contract Platform Called DocTailor

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DocTailor is an extraordinary, robotized authoritative report stage encouraging the creation and circulation of self tweaked shrewd authoritative archives on the blockchain. DocTailor has been intended to rearrange execution of a brilliant contract, altogether diminishing related time and cost for clients. DocTailor has been created by a blockchain-experienced group, endeavoring to use the historic innovation in new and progressive ways. A large number of the group's engineers have joined DocTailor from computerized reasoning (AI) foundations, attempting to additionally build up the thought through AI-centered frameworks.

THE USE OF INTELLIGENT CONTRACTS IN THE BLOCKCHAIN

The DocTailor platform is a unique automated legal document platform that facilitates the creation and distribution of smart legal documents customized in the blockchain. This platform has been designed to simplify the implementation of an intelligent contract, significantly reducing the time and associated cost for users.

The DocTailor platform will also allow all its users, regardless of the developer's experience, to implement legal documents with an integrated intelligent contract feature. The goal of the technology is to create a new ecosystem designed to demonstrate the ways in which blockchain advances can be used in the legal industry. The main objective of this Platform is:

· Offer easy payment options, storing both cryptocurrencies and fiduciary money

· Promote the ease of development, acquisition and distribution of smart contracts

· Improve the accessibility of personalized smart contracts

· Integrate with the commercial infrastructure to add value to real-world situations

· Operate based on P2P, B2C and B2B as needed

· Facilitate the use of DocTailor DOCS token and / or other cryptocurrencies

· Manage and monitor smart contracts deployed and blockchains

ADOPTION OF BLOCKING BY INDUSTRY, 2017.

Although the platform has faced several challenges that have been cited as major obstacles that hinder the widespread adoption of blockchain, which includes problems of integration, lack of experience within the emerging industry, high costs, volatility and concerns related to consumer protection that still not addressed While specific aspects of these concerns have been addressed, through the launch of appropriate multi-currency wallets and cryptographic debit options with back-end liquidity, there should be a need to address the "last mile" of blockchain adoption. The key to bringing Blockchain to everyday life is undoubtedly the ability to build and deploy smart contracts along with payments made with various types of cryptocurrencies. This is an aspect that has already been addressed in terms of standard digital payments, with smart contract solutions established through service providers such as Paypal and Visa. These contracts offer consumer protection against fraud and dispute; something that is notably lacking in the cryptocurrency sector. The use of smart contracts in the blockchain has the potential to address not only this problem, but the associated concerns directly. The DocTailor platform for the development and implementation of smart contracts for multi-currency payments could be an instrument to increase blockchain adoption rates on a global scale.

SOLUTION TO PROBLEMS OF THE DOCTAILOR PLATFORM

DocTailor has been presented as a viable long-term solution for problems that hinder the widespread adoption of blockchain technology. Focusing on a major flaw in existing smart contract applications - user experience - DocTailor allows easy access to blockchain, cryptocurrencies and smart contracts. The platform will support the integration of third-party APIs, allowing the incorporation of customized smart contracts in third-party systems. The notion is simple: so that companies can create and deploy smart contracts in a simple and direct way while benefiting from the cryptocurrency economy.

Users can even generate revenue by creating smart, personalized contracts and contracts on the platform and sharing these documents with other users who search for documents with similar requirements and clauses.