- Shamsh Hadi
Last year, I shared how ZorroSign’s early roots in Dubai, UAE, helped us grow into an international company. I want to update that theme today and talk about ZorroSign’s role as a global company providing global solutions that improve data democratization, privacy, and security.
As CEO and co-founder of ZorroSign, I have dedicated my career to advancing technology while simultaneously advancing sustainability: Ensuring the new technologies we bring to market elevate information privacy, data security, and data democratization while not coming at the expense of future generations.
At ZorroSign, we saw very early a market need to push past web2 solutions for digital signatures and digital transactions—escaping centralized information architectures that consolidate data with a provider (and expose that data to the risks of single-point-of-failure cyber-attacks) while simultaneously pulling data ownership away from users (to be housed and monetized by the web2 provider). Alternatively, ZorroSign empowers our users by deploying web3 solutions that decentralize data and ensure users will always own their documents and transaction metadata—even after their subscriptions with us end.
Dubai Start, Dubai Strong
As a long-time resident of Dubai, I was greatly inspired by the Digital City Vision—Smart Dubai of H.H. Sheikh Mohammed bin Rashid Al Maktoum. ZorroSign’s technology very purposefully supports Dubai’s paperless initiatives for Digital Dubai and helps to advance Dubai’s leadership in digital operations, specifically focused on:
- Security—providing superior digital privacy and security by leveraging a private, permissioned blockchain technology
- Digital Signatures—a platform that is easy-to-use and legally compliant to global standards
- Chain of Custody—delivering immutable records of every step of every digital transaction: Authenticating users, securing data, and verifying documents for legal enforceability
- Advancing UAE’s 10 Principles for the Next 50 Years—specifically helping Dubai to build the best and most dynamic economy in the world; defining new UAE development with digital, technical, and scientific excellence; and promoting a value system based on openness and tolerance
Initially, our company served government departments in UAE but soon grew into an international business—helping people to build, sign, store, and track mission-critical documents on the blockchain in Sri Lanka, India, and the United States.
Last year, ZorroSign was named Blockchain SaaS Innovator of the Year at the UAE Business Awards 2021, then at the turn of the year, Unlock News Desk showcased a story on UAE Based ZorroSign introducing six new features to our blockchain platform.
This spring, Tech Channel wrote a great article on ZorroSign making waves in digital signature space using blockchain technology, and TahawulTech.com interviewed me on how ZorroSign helps tackle identity theft on our now multi-chain blockchain platform.
And most recently, ZorroSign was highlighted in a Zawya article for UAE businesses and a TECHx article on ZorroSign’s mission to provide businesses across the Middle East with seamless integration of document management and secure digital signature solutions.
I am incredibly proud of our continued success in my home town, and while ZorroSign expands our global presence, the UAE and other Gulf Cooperation Council countries will be a strategic market for us.
Success in South Asia
From the start, ZorroSign has had close ties with the south Asia countries of India and Sri Lanka. While operations started in Dubai, our development center of excellence has always been in Colombo!
Our blockchain architecture was conceived, coded, and cultivated entirely in Sri Lanka with a vision to provide global customers with the ability to securely transform paper-based workflows to digital operations. I could not be prouder of our Sri Lanka team, and though they are struggling through that beautiful country’s difficult political and economic crisis, they have proven again and again the resilience and tenacity of their engineering genius.
Recently, APAC Business Headlines recognized the ZorroSign team as the “Most Innovative Blockchain Company from Sri Lanka” for 2022! The award validates the hard work of our center of excellence team, and further proves blockchain’s prominence on the global stage.
This recognition followed our 2021 success where the International Business Awards® named ZorroSign a Gold Stevie® Award Winner for Blockchain Solutions. The Stevie’s are the world’s premier business awards program, where in 2021 more than 3,700 nominations from organizations across 63 nations and territories—of all sizes and in virtually every industry—were submitted for recognition. We were delighted to be awarded a gold Stevie for our blockchain solution and to be recognized as a Company of the Year, and Most Innovative Tech Company of the Year. Most flattering, the judges were quick to note that ZorroSign is “one of the few companies that are able to use blockchain technology to solve a real business problem” . . . a strong endorsement of our digital signature technology, built on blockchain, and paired with identity-as-a-service (IDaaS) and patented fraud detection, to authenticate users and verify documents across digital transactions.
Tackling North American Markets
As a U.S. citizen who has lived in Canada, China, and the UAE at various times over the past forty years, my goal was always to return home and bring ZorroSign’s blockchain solutions to North American users.
In August 2020, we opened our global operations hub in Phoenix, Arizona—ushering in a new phase of business growth. We quickly established local partnerships with Arizona State University, Grand Canyon State University, the Arizona Commerce Authority, Arizona Technology Council, City of Phoenix, Global Chamber®, the Greater Phoenix Economic Council, and many other incredible organizations!
And we’ve engaged government agencies, financial services providers, IT businesses (and departments), legal services firms, real estate companies, and several other verticals to prove the value of a paperless life and the most private, secure, compliant digital transactions hosted on blockchain. Early adopters of our web3 solutions are excited to embrace ZorroSign’s robust platform to advance their digital operations and gain a competitive advantage in a market place still dominated by legacy, web2 technologies.
Global Privacy and Security Compliance
Our unique combination of blockchain architecture, web3 technologies, artificial intelligence/machine learning, and patented fraud prevention grants ZorroSign compliance across many international standards for privacy and security.
The list continues to grow as we expand our markets, but already includes:
- Canada’s Personal Information Protection and Electronic Documents Act (PIPEDA)
- Canada’s Uniform Electronic Commerce Act (UECA)
- The European Union’s Data Protection Regulation (GDPR) for data privacy and security
- EU’s electronic IDentification, Authentication and trust Services (eIDAS) regulation
- India’s Information Technology Act 2000 (IT Act of India)
- International Standard on Assurance Engagements (ISAE) No. 3402, Type II audited
- International Organization for Standardization (ISO) 27001 certified
- PDF Advanced Electronic Signatures (PAdES) is a set of restrictions and extensions to PDF and ISO 32000-1
- The UAE’s Federal Law No. 1 of 2006 regarding Electronic Transactions and E-Commerce granting electronic signatures legal force and effect
- The American Institute of Certified Public Accountants (AICPA) SOC 2 Type I audit
- USA’s California Consumer Privacy Act (CCPA)
- USA’s Department of Commerce’s National Institute of Standards and Technology (NIST) encryption standards
- USA’s Digital Millennium Copyright Act (DMCA)
- USA’s Electronic Signatures in Global and National Commerce Act (E-Sign Act)
- USA’s FDA Title 21 of the Code of Federal Regulations; Electronic Records; Electronic Signatures
- USA’s Health Insurance Portability and Accountability Act (HIPAA)
- USA’s Uniform Electronic Transactions Act (UETA)
I am proud of all ZorroSign has achieved for our international customers and incredibly excited about some big announcements later this summer! ZorroSign is truly a global company delivering global solutions, and we are not resting on our laurels—the best is yet to come.