Blockchain has emerged as a transformational technology in various industries over the last few years. When it comes to legal services, blockchain technologies can support the privacy, security and document management requirements vital to law firms, legal departments, and attorneys.
Here are some ways blockchains can revolutionize legal services and offer a multitude of benefits to enhance efficiency, security and trust in legal operations worldwide.
Smart Contracts
Blockchain technology incorporating smart contracts, for example, can automate the process of creating, executing and managing contracts. Smart contracts, which are self-executing contracts with the terms and conditions directly written into code, can be stored and executed on the blockchain. This hard-coded contract management eliminates the need for intermediaries, reduces the risk of fraud, and ensures transparency.
Smart contracts also have the potential to revolutionize dispute resolution within the legal system. In the event of a disputed agreement or terms, the transparency and auditability of smart contracts enable quick and efficient resolution. Parties involved can rely on the immutable records stored on the blockchain to validate the final state of the contract and ensure fair outcomes.
“The advent of blockchain technology and smart contracts presents a unique opportunity for the legal industry to evolve and adapt to the demands of the digital age,” notes a recent CityLife article. Legal professionals can thus benefit from using blockchain technology that enables the creation, storage, and execution of smart contracts, ensuring secure and tamper-proof agreements, while advancing their client services.
Immutable Document Management
Legal services heavily rely on accurate and trustworthy evidence. Blockchain’s immutability and transparency make it the ideal solution for managing legal documents and data in digital formats. By providing a tamper-proof record of all contract-related activities, blockchain technology can help to ensure that all parties are held accountable for their actions and to their commitments. This can be especially important in cases of complex, multi-party contracts, where it can be difficult to track and manage all of the different activities and obligations.
Blockchain “technology generates a systematic, untampered audit trail of the history of any action taking place in a document, which can be viewed in a history tree, providing a more superior history and audit trail than anything else that currently exists,” explains Accenture. “The digitization of paper-based contracts onto the blockchain holds the potential to revolutionize the way contracts are prepared, transacted, amended, stored and complied with.”
The legal industry rests on maintaining accurate and trustworthy records and evidence. Blockchain’s immutability and transparency make it an ideal technology for document management and evidence preservation for law firms, legal departments, and attorneys.
Digital Identity Verification
In one more example, identity verification is a fundamental aspect of work done in legal services, whether it involves client onboarding, compliance, notarization, or other agreements between strangers. Blockchain technology can streamline these processes by enabling decentralized and secure digital identity verification through blockchain-based identity solutions.
“Blockchain-based identity has the potential to offer increased security, privacy, and efficiency in various industries, including banking, supply chain management, and voting,” notes Jay Speakman in a new Be In Crypto article. “By creating a decentralized and tamper-proof identity application, blockchain can reduce the risk of identity theft and fraud while providing users with more control over their personal data.”
With such technologies, individuals control their personal information via blockchain, granting access to specific details only when they choose to share. This not only enhances privacy and creates a relationship of trust, but as mentioned above, can greatly reduce identity theft and fraud.
ZorroSign For Legal Services
ZorroSign’s data security platform built on blockchain technology is just what your legal team needs to take the privacy and security of your law firm to the next level. To learn more about how ZorroSign supports attorneys, and how blockchains elevate legal services, visit our Legal industry page or contact ZorroSign today!
The ever-growing amount of digital data and the increasing complexity of cyber threats have made data security more important than ever before. In 2023, companies must take steps to elevate your data security to protect both your own information and that of your customers.
One of the main risks to digital data today is the increasing sophistication of cyber attacks. Hackers are using more advanced techniques to bypass traditional security measures—such as using machine learning to evade detection and launching targeted phishing and spear-phishing attacks against specific organizations. Companies must be prepared to defend against these types of attacks by implementing advanced security measures, such as artificial intelligence-based security solutions, and regularly updating and patching your systems.
Another risk to digital data in 2023 is the growing number of connected devices and the Internet of Things (IoT). As more devices are connected to the internet, the attack surface for hackers becomes larger, making it easier for them to gain access to sensitive information. Companies must take steps to secure your IoT devices and to ensure that those devices are not used as a means to gain access to other systems.
Further, the use of cloud services and the increasing amount of data that is stored in the cloud has also increased the risk of data breaches. Companies must ensure that your cloud services are properly configured and that you are using a reputable provider with a strong track record of security. Companies also need to implement strong access controls and encryption to protect data stored in the cloud.
Protecting data against the growing risks in 2023 requires a multi-layered approach that includes regular updates and patching, securing IoT devices, properly configuring cloud services, adopting advanced security measures such as:
Blockchain technologies for tamper-proof record keeping with no single point of failure
Digital signature technologies to authenticate and authorize remote transactions
Identity-as-a-Service solutions for scalable identity and access management (IAM)
Passwordless authentication to reduce the human risk in security systems
Organizations that fail to take these steps will be at a higher risk of data breaches and will be more vulnerable to cyberattacks.
It is important to remember that data security is not only important to protect your company’s information but also to protect the personal data of your customers and employees.
To read more about the growing risks to digital data in 2023—and learn how adding blockchain, digital signature, IDaaS, and passwordless authentication technologies to your security stack can combat those risks—download our eBook today or contact us to start a discussion!
Though still an emerging technology in the healthcare industry, blockchains have the potential to transform the U.S. (and global) healthcare industry.
By providing a secure, transparent, and efficient way to store and share information (such as patient healthcare records, prescriptions, diagnostic data across providers, etc.), blockchains are making it possible to improve patient care, reduce costs, and streamline administrative processes. Let’s look at how the healthcare industry is already using blockchain technologies . . .
Blockchain Applications Today
Electronic health record (EHR) management — blockchains can be used to securely store and share patient health and medical records—where electronic medical records, or EMRs, are “a patient’s medical history that is maintained electronically by a single provider,” explains Forbes, while EHRs represent a “patient’s medical history that is maintained electronically by multiple providers.” This application of blockchains can improve patient care by making it easier for doctors and other healthcare providers to access the information they need to make informed decisions. And blockchain technologies can also help to reduce costs by eliminating the need for duplicate records.
Clinical trials — here, blockchains can be used to manage clinical trials more efficiently, as by storing clinical data on a blockchain, researchers can track patient progress and outcomes in real time. This can help to improve the efficiency of trials and speed up the development of new treatments. “Blockchain may offer a solution to more easily aggregate health data in a secure, trusted, automated, and error-free way,” notes Deloitte. “A solution which enforces rules, privacy, and regulations in a mutually agreed upon manner, resulting in a smart contract between patient and health care stakeholders can be an important enabler to clinical trials and research.”
Supply chain management — blockchains can be used to better track the movement of medical supplies and medications with the technologies immutable and transparent recordkeeping. This can help to ensure the safety and quality of these products, and it can also reduce fraud. “Currently, most medical and pharmaceutical supply chains are facing significant logistical challenges, including a lack of real-time visibility into shipment locations, uncertainty transportation disruptions, product quality tracking and verification, cross-border customs reporting across borders, and complicated invoicing and payments,” write Jayendra S. Jadhav and Jyoti Deshmukh in a ScienceDirect article. “A blockchain-based supply chain, on the other hand, could track every step for every item immutably, transparently, and efficiently.”
Payment processing — blockchains can be used to process payments for healthcare services (patient and insurers), helping to reduce costs and improve efficiency. For example, “Insurers can now work with digital transformation platforms to design and develop blockchain technologies to target specific needs instead of using a one-size-fits-all approach,” says Julien Breteau in recent The Digital Insurer article.
Healthcare research — blockchain data storage and sharing can be readily used to manage the data from healthcare research studies. This use helps to accelerate the pace of research and improve the development of new treatments. “The growing digitization of medical care has advanced the acknowledgment of issues about secure storage, accessing of patients’ medical records, ownership, and medical data from associated sources,” explains a recent National Library of Medicine article. “Blockchain is recommended as a method of addressing critical issues faced by healthcare, for instance, protected sharing of health records and adherence to data privacy laws.”
Universal Blockchain Benefits
As blockchain technologies are tailored to healthcare, the universal benefits of this distributed ledger architecture include stronger security (as data is encrypted and distributed across multiple nodes), greater transparency (as transactions recorded on public blockchains where any node can view them), greater efficiency (automating manual data entry and record keeping processes), and more opportunities for interoperability (as blockchains can connect different healthcare systems and organizations).
ZorroSign for Healthcare
And at ZorroSign, our secure, HIPAA-compliant data security platform built in blockchain supports healthcare organizations with digital records, digital signatures, and document workflows. Our platform ensures:
Legal enforceability — reducing insurance fraud with digital signatures that are legally binding, tied to the actual person (signatory attribution), and immutable with court-admissible security certificates that never expire
Digital privacy and security — a platform built on blockchain with artificial intelligence (AI) and machine learning (ML) to eliminate the errors of manual processes and transcription with full Health Insurance Portability and Accountability Act of 1996 (HIPAA) compliance
Cost-savings — through automating patient, diagnostic, insurance, payment, and recordkeeping workflows and digitizing paper applications, forms, and records
Improved patient services — digitizing your office operations to quickly execute, store, track, and retrieve:
Claims management, payments, and prior authorization
Facilities management
Human resources processes
Logistics and procurement
Patient sign-in and consent
Power of Attorney and Proxy Agreements
Prescription approval routing
Healthcare providers know the value of serving more patients with the same staff, plus saving costs with digital technologies that help meet regulatory compliance while reducing paper, printing, and storage expenses.
Blockchain technologies are helping meet those needs in healthcare and expanding the patient services healthcare providers can deliver. To learn more, visit our Healthcare industry page or contact ZorroSign today!
Between Earth Day on April 22nd and Arbor Day on April 28th, ZorroSign pauses to reflect on our sustainability efforts and how we support the conservation goals behind these two key days of environmental awareness.
ZorroSign, Inc. is the first company in the world to bring blockchain technologies to digital signatures—elevating the data privacy and security of digital transactions. We are proud of this effort, as it helps people around the globe to transform the way they secure their digital data and to escape paper-based operations. By leveraging blockchain technologies for a lifetime of privacy and security with digital signatures, identities, and documents, our technology drives a “Paperless Life” for businesses, governments, and organizations: Creating, reviewing, approving, executing, and storing digital contracts and documents on immutable blockchains instead of paper.
Further, with our Save a Tree/Plant a Tree program, ZorroSign plants a tree on behalf of our customers every time they save 8,000 pages of copy paper! One tree produces roughly 8,000 pages of copy paper and studies show that by eliminating or reducing the use of paper, we can realize significant environmental benefits such as conserving water, reducing carbon emissions, improving air quality, and slowing deforestation.
2022 saw ZorroSign complete significant creative upgrades to its SaaS platform to speed organizations’ move to sustainable digital operations: First deploying a more scalable microservices and containers architecture in response to aggressive growth, second evolving to a multi-chain platform for further adaptability, and third updating the entire user experience with a new user interface and workflow. These enhancements allow ZorroSign to deliver the best user experience in digital signatures and so accelerate digital operations that minimize paper consumption.
ZorroSign is the only company in the world that offers a multi-blockchain platform to secure, track, and manage digital signatures, transactions, and documentation. By using such distributed ledger technologies—built initially on a Hyperledger Fabric and recently expanded to include the Provenance Blockchain—ZorroSign’s architecture provides structural layers of protection from ransomware, malware, and phishing attacks: Foremost, by decentralizing the data set, preventing any breach from accessing the entire data set, and further by giving endpoints (or nodes) a quick path to recovery, even if they are breached or their access is ransomed.
ZorroSign’s innovations in sustainability have been recognized by visionary clients around the world! To learn more, visit our sustainability page or contact us to start a free 14 day trial today.
Teams unite in Colombo, Sri Lanka
The global ZorroSign teams gathered the past two weeks for a series of strategic meetings to kick-off Q2-2023!
First, the US team visited Colombo, Sri Lanka for three days of fellowship and planning with the development team…
We participated in a leadership and communications seminar presented by Murtaza Esufally and Anushka Fernando-Goonetilleke from Learn 4 Life Lanka
Communications Seminar
Celebrated new roles and responsibilities at a joyful team dinner at the Galle Face Hotel…
Team Dinner at the Galle Face Hotel
Aligned development, sales, and marketing deliverables in light of the very exciting strategic customers and partnerships we have coming onboard in Q2…
And toured some of the amazing beaches, restaurants, shops, and temples of Sri Lanka!
Temple ElephantSugar Beach
Then the US team visited Dubai, UAE to meet with the operations team for planning and alignment…
Synchronized our financial, human resources, and marketing targets…
Teams unite in Dubai, UAE
Met with our communications partners at Cicero & Bernay…
And enjoyed the beautiful sights of Dubai, Abu Dhabi, and the United Arab Emirates!
Camel ride in the desertSheikh Zayed Grand Mosque in Abu DhabiDinner at the Dubai Mall outside the Burj KhalifaViews from the 125th Floor of the Burj Khalifa
When security is mission-critical, your business needs secure digital signatures, transactions, and documentation—block it down!
Adding to ZorroSign’s long list of privacy and security compliance certifications, we are proud to announce our data security platform built on blockchain has recently been certified as Payment Card Industry Data Security Standard (PCI DSS) compliant!
Specifically, through our “policies, procedures, and technical systems that store, process and/or transmit cardholder data, Zorrosign has performed the required procedures to validate compliance with the PCI DSS, the best practices designed to protect merchants and consumers from data security breaches and fraud.” Find our certification here.
The Payment Card Industry Security Standards Council (PCI SSC) has set data security standards, notes Signature Payments: “Any merchant or payment processor whose systems need to handle credit card details must comply with PCI standards. PCI compliance is the Payment Card Industry Data Security Standard (PCI DSS) that companies that process, store, or transmit credit card information must adhere to. The PCI DSS was designed by credit card companies (Visa, American Express, Discover, MasterCard, and JCB) to help protect cardholders from fraud and data breaches.”
This certification reflects ZorroSign’s ongoing commitment to data privacy and security. Paired with our digital signatures, document management, workflow and compliance automation, and identity-as-a-service capabilities, PCI DSS compliance is the latest in a global list of security benchmarks we are excited to advance. To learn more, contact us or put us to the test with Free Trial today!
Cybersecurity has become increasingly important as the world becomes more interconnected and digitized. But the risks and costs of cybercrime continue to grow, as well, and the costs are staggering:
Against this threat, blockchain technology has been making waves in the world of cybersecurity for quite a few years now, and this innovative technology has the potential to revolutionize the way we approach online security—changing it for the better.
Here are some of the ways that we believe blockchain can be used to improve cybersecurity:
Immutable Records
To transact commerce (as an organization or individual) or operate government in a digital ecosystem requires legally enforceable digital signatures to prove agreement and intent.
Blockchain technology has an ability for the creation of immutable records, providing a secure, auditable trail of all transactions. All records and changes within a document are tracked and cannot be changed, providing important chain-of-custody audit capabilities for courts and ensuring peace of mind to its users. This also makes it ideal for use in financial transactions, real estate agreements and other high-value exchanges, where a record of every step is essential for ensuring the integrity of the process.
Secure Authentication
One of the main issues in cybersecurity is the vulnerability of traditional authentication methods such as passwords. Passwords can be easily hacked or stolen, leaving sensitive information vulnerable to attack. This can be a threat to businesses, especially those who store their users personal information. Blockchain technology can be used to provide secure authentication through the use of public-private key cryptography.
“The public key can help in encrypting a message before sending it to the concerned recipient,” explains 101 Blockchains. “When the recipient gets the message, they can use their private key for decrypting the message. It is essential to remember that only the recipient knows about the private key. Therefore, the applications of public key cryptography ensure that the valuable information of users is not tampered with in transit.”
Decentralization
Unliked centralized databases—which can be breached at unsecure endpoints (users and devices) or even at MSPs hosting them, giving attackers complete control once they gain central access—blockchain technology distributes data across geographically separate nodes. By decentralizing data storage, blockchain effectively prevents any one endpoint (even if compromised) from gaining control of the full data set.
This distributed nature so defeats any attack seeking to breach a system and holistically encrypt the data files stored therein: A single endpoint node might be breached and its files held for ransom, but the larger data set cannot be controlled by any one endpoint (or central authority) and so attackers cannot capture the full data set for encryption, ransom, and shutting down the network.
Further, with private, permissioned blockchains, each endpoint node (or user) has a unique encryption key to access and write to the distributed ledger. If any one of those endpoints is successfully attacked (presumedly compromising their access key), the private blockchain can simply remove distributed ledger access for that compromised key, issue the endpoint a new key, and allow that endpoint to quickly regain distributed ledger access (effectively as a new endpoint).
This unique recovery process effectively maroons any ransomware on the endpoint it attacked—ending its access and threat—while allowing the endpoint to re-engage the larger data set: With a new key and without needing to pay any ransom to the attackers for restored access.
Identity Verification
Identity verification is another area where blockchain can be used to enhance cybersecurity. It ensures that the individual claiming a particular identity is actually who they say they are. It is a very important aspect of digital security, especially as identity theft “frequency has sky-rockets in the past few years,” according to the National Council on Identity Theft Protection. “Nearly half of all U.S. citizens became a victim of some form of identity theft in 2020.”
With blockchain, users can have greater control over their personal information, allowing them to manage their digital identities more securely. This makes it more difficult for hackers to steal personal information or create fake identities.
ZorroSign’s Data Security Platform Built on Blockchain
As the world becomes more digitized and interconnected, the importance of cybersecurity will only continue to grow, and blockchain is poised to play a crucial role in ensuring that our digital world remains safe and secure.
ZorroSign’s data security platform was built on blockchain, delivering digital signatures, identity-as-a-service (IDaaS), patented fraud detection, user authentication, document validation, and document management all based on blockchain technologies.
ZorroSign is a strong addition to any organization’s security stack and brings the cybersecurity capabilities of blockchain to digital signatures and transactional documentation.
To learn more, visit our platform page or contact us to start a free 14 day trial. When the security of your digital data and documents is on the line, block it down!
Digital Identity (digital ID) is a representation of information and data unique to a particular person, organization, or group. The role of blockchain in digital ID is to make it more secure, flexible, and interesting.
For individuals, at its most basic level, it consists of a collection of information about a person such as first and last names, date of birth, nationality, passport number, etc. All of these data points are issued and stored by centralized entities. For companies or organizations, digital identity consists of information about their users. The downside of this is the business risk that comes with the rise of user privacy-centric regulations, such as the EU’s General Data Protection Regulation (GDPR). In any case, when they are being relegated to tight-lipped data vaults, the use of this data becomes less which will in return reduce the improvements of the products and the true customer understanding.
What is Digital Identity and Why is it Important?
Digital Identity comprises everything and anything you have on the web which includes but is not limited to images, preferences, usage behavior on websites, bank account information, etc. With the present advancements in digital platforms, digital identity varies across banking systems, social media platforms, and telecommunication.
The importance of blockchain in digital identity is mostly based on securing individuals’ data in a distributed ecosystem. Blockchain plays a major role in ensuring accuracy when speeding up the process of customer onboarding as well as preventing any money laundering and fraudulent activity. Digital identity could help in standardizing and streamlining citizen services in different nations while having a significant part in the facilitation of social transformation projects while ensuring economic improvements.
Being precise on the identity issue eradication, using blockchain identity management, inaccessibility, fraudulent identities, and data insecurity are broadly being discussed. All the traditional methods used for identification have led a significant amount of the population to stay out of the process. Although it has been crucial for an individual to have an identity to gain access to education, the job market, traveling, governmental services, and financial systems. On another hand, the stored data and valuable identification information have been appealing to hackers. Despite all the regulations, legislation and efforts in increasing more and more cyber security, there was an exposure of a considerable amount of consumer data at a large cost. In addition to the above-mentioned issues, users tend to juggle various identities combined with usernames across websites. Data generated by one platform on another platform has no standardization and the links which are weak between the digital and offline IDs give a higher probability of the creation of fake identities.
Effectiveness of Blockchain
Improving the digital IDs with blockchain technology as the base brings several advantages, including improved:
Security
Privacy
Integrity
Trust
Simplicity
Security-wise, blockchain gives the element of maintaining data in an immutable and encrypted manner, ensuring that the digital identity is secure and easily traceable. In terms of privacy, efficient blockchain encryption, with the facility of digital signatures, ensures effective design and privacy while the maintenance of records of all the identities throughout the nodes across the network creates integrity. In improving trust, the maintenance of communication metadata in a distributed ledger and consensus mechanisms that helps to verify data authenticity across several nodes, plays a major role. Blockchain brings simplicity through the clear roles that are set for the identity issuers, owners, and verifiers in the processes associated with each stakeholder.
In the management of blockchain digital identity, the advantages are crucial for its sustainability. These include:
Relief from cumbersome paper-based identity management
Self-sovereign identity and easier ID verification
Non-custodial login solutions
IoT system user identify management
Decentralized web identity solutions
Improved safeguards for critical infrastructure
Moreover, using blockchains in digital IDs have the following benefits as well:
Manageability and control
Decentralized storage
Decentralized Public Key Infrastructure (DPKI)
Decentralized Public Key Infrastructure (DPKI) is at the heart of Decentralized Identity. Blockchain’s role here is to create a tamper-proof and trusted medium in distributing the asymmetric verification and encryption keys of the holders of the identities. DPKIs give users the ability to anchor or create cryptographic keys on the blockchain in a way that is chronologically ordered. These keys are used in the verification of other users’ information. Identities that are created on the blockchain are inherently safer to use than those that are stored on centralized servers. Cryptographically secure Ethereum blockchain, along with distributed data storage systems like InterPlanetary File System (IPFS) or OrbitDB, enables disintermediate of existing centralized data storage systems maintaining trust and data integrity. When compared, the responsibility of the data security of the identity in centralized identity systems falls under the entity providing the identity. In contrast, the responsibility of the decentralized identity framework falls completely on the user. The user has the sole right to implement his or her security measures or even outsource the tasks to any other service. The main advantage here is that the decentralized identity solutions that are blockchain-powered forcefully make the hackers attack the individual data stores which becomes highly costly and unprofitable.
Digital identity has increasingly become a part of the social as well as the economic well-being of people all over the world. It has enabled an individual’s right to vote, and access education, and financial systems. Blockchain has become a crucial part in securing these identities by helping to create a decentralized identifier in parallel with the facility for associating digital identity with verifiable credentials. This enables an ultimate digital identity across different platforms under the individual’s control and ownership.
Blockchain Supports CLM
Contract lifecycle management (CLM), at the most basic description, is the process of managing the creation, execution, and administration of contracts. CLM involves a wide range of activities, including drafting and negotiating contracts, storing and managing contract documents, and tracking and managing contract performance.
“In any typical workday, week, quarter, and fiscal year, the average Fortune 1000 company may handle several tens of thousands of contracts,” notes JD Supra. “Each contract will need to be negotiated, reviewed, and executed. Then, when that part of the process is complete, with signatures on the proverbial dotted lines, the lifecycle management of that contract begins, including monitoring for regulatory compliance and “re”-review at renewal time. This very real scenario commands at least half, and as much as 70%, of legal professionals’ time.”
At ZorroSign, we believe blockchain technology has the potential to revolutionize contract lifecycle management in three key ways:
By providing a secure, decentralized database, blockchain technology can enable faster, more efficient, and more secure contract management for legal professionals;
Blockchain can also help to reduce the risk of fraud and errors; and,
Blockchain can provide a more transparent and auditable record of all contract-related activities for regulatory compliance and renewals.
One of the most well-known applications of blockchain technology in CLM is in the realm of smart contracts. A smart contract is a self-executing contract with the terms of the agreement between buyer and seller being directly written into lines of code. The code—and the agreement it represents—are stored on the blockchain, which makes them secure, transparent, and auditable. Smart contracts have the potential to streamline a wide range of contract-related activities, including contract drafting, negotiation, and execution.
Another area where blockchain technology can complement contract lifecycle management is in the storage and management of contract documents. Traditional methods of storing and managing contract documents can be slow and prone to errors, but blockchain technology has the potential to make the process faster, cheaper, and more secure. By using a decentralized database to store contract documents, blockchain technology can enable faster, more accurate, and more secure access to these documents.
“Blockchain provides a trusted, independent, and cost-efficient mechanism for multiparty transactional records management,” writes Cecil (CJ) John for Medium. “Blockchain is an essential technology for records management professionals to understand because it has broad implications for securing and authenticating intellectual property at lower cost and higher efficiency.”
Blockchain technology is also being used to facilitate the tracking and management of contract performance. Traditional methods of tracking and managing contract performance can be time-consuming and error-prone, but blockchain technology has the potential to make the process faster, cheaper, and more efficient. By using a decentralized database to store information about contract performance, blockchain technology can enable faster, more accurate, and more secure contract management.
In addition to these benefits, blockchain technology can also help to improve the transparency and accountability of contract lifecycle management. By providing a tamper-proof record of all contract-related activities, blockchain technology can help to ensure that all parties are held accountable for their actions. This can be especially important in complex, multi-party contracts, where it can be difficult to track and manage all of the different activities and obligations.
“The technology generates a systematic, untampered audit trail of the history of any action taking place in a document, which can be viewed in a history tree, providing a more superior history and audit trail than anything else that currently exists,” explains Accenture. “The digitization of paper-based contracts onto the blockchain holds the potential to revolutionize the way contracts are prepared, transacted, amended, stored and complied with.”
ZorroSign is proud to bring both the private, permissioned Hyperledger Fabric blockchain and the public, permissionless Provenance Blockchain to CLM! Our data security platform was built on blockchain, delivering digital signatures, identity-as-a-service (IDaaS), patented fraud detection, user authentication, document validation, and document management all based on blockchain technologies.
Identity-as-a-service (IDaaS) is any cloud-based identity management solution that enables organizations to securely authenticate and manage the identities of their users. IDaaS solutions can be used to manage a wide range of identities, including employees, customers, partners, and devices.
At a basic level, all IDaaS platforms are created to enhance online user experiences, secure access to critical enterprise applications, and reduce IT resource-related expenses with efficient identity and access management (IAM) and privileged access management (PAM).
“Sound identity management is essential,” writes Mark Diodati at Gartner. “Without good IAM, you are at real risk for data breaches and denial of service attacks. And IAM is hard to get right.”
The overarching goal of IDaaS solutions is to ensure users are who they claim to be—and to give users access to applications, data, systems, or other digital resources as authorized by their organizations.
“Some of the pros associated with IDaaS offerings include the ability to consume rather than host IAM and offloading some of the management overhead associated with IAM to an external provider,” writes Chris Hughes for CSO. “Other benefits include feature-rich offerings that make your IAM implementations more robust and secure in many cases. Most IDaaS providers offer native and integrated capabilities such as single sign-on (SSO) and multi-factor authentication (MFA).”
With this introduction, let’s look at how blockchain technology can help to improve and support IDaaS.
Blockchain and Decentralized Identifiers (DID)
One of the most well-known applications of blockchain technology in IDaaS is in the realm of decentralized identity (DID). A DID is a digital identity that is owned and controlled by the individual, rather than a central authority.
Since DIDs are stored on the blockchain, they are more secure, transparent, and auditable. They also have the potential to enable individuals to have more control over their personal information and to reduce the risk of identity theft, ensuring peace of mind when it comes to the security of their personal data.
Blockchain and Identity Verification
Another area where blockchain technology supports IDaaS is in the realm of identity verification. Identity verification ensures that the individual claiming a particular identity is actually who they say they are. It is a very important, if not the most important, aspect of digital identities, especially as identity theft “frequency has sky-rockets in the past few years,” according to the National Council on Identity Theft Protection. “Nearly half of all U.S. citizens became a victim of some form of identity theft in 2020.”
Blockchain technology, however, can help to improve the accuracy and efficiency of identity verification by providing a tamper-proof record of activities and transactions. It can also help in developing new identity management systems with digital identity frameworks featuring decentralized identifiers.
Accenture, a global consultancy, has defined five immediate areas where blockchain-based digital identity management brings strong benefits:
Secure and seamless travel, even across international borders
Healthcare records that can be easily shared and managed by individual patients
Background checks and training records for educational and professional credentials
Streamline know-your-customer (KYC) processes across organizations
Validate proof of ownership or insurance of physical or digital assets
Blockchain Security Elevates IDaaS Data Security
Blockchain has the power to improve IDaaS’s solution’s data security by bringing the decentralized, cryptographically secured blockchain data architecture to identity management. An estimated 81% of hacking-related breaches leveraging either stolen and/or weak passwords, putting even IDaaS solutions at risk—however, blockchain technologies can help IDaaS solutions to eliminate one of the most glaring gaps in cybersecurity, as distributed ledger technologies (DLTs such as blockchain) provide two means of preventing and/or ameliorating the threat of ransomware attacks: First, by decentralizing the data set itself; and second, by giving endpoints a quick path to recovery, even if they are themselves breached and access ransomed.
For example, unlike centralized databases—which can be breached at unsecure endpoints (users and devices) or even at MSPs hosting them, giving attackers complete control once they gain central access—blockchain technology distributes data across geographically separate nodes. By decentralizing data storage, blockchain effectively prevents any one endpoint (even if compromised) from gaining control of the full data set. This distributed nature so defeats any attack seeking to breach a system and holistically encrypt the data files stored therein: A single endpoint node might be breached and its files held for ransom, but the larger data set cannot be controlled by any one endpoint (or central authority) and so attackers cannot capture the full data set for encryption, ransom, and shutting down the network.
Further, each endpoint node (or user) has a unique encryption key to access and write to the distributed ledger. If any one of those endpoints is successfully attacked (presumedly compromising their access key), the blockchain can simply remove distributed ledger access for that compromised key, issue the endpoint a new key, and allow that endpoint to quickly regain distributed ledger access (effectively as a new endpoint).
This unique recovery process maroons any ransomware on the endpoint it attacked—ending its access and threat—while allowing the endpoint to re-engage the larger data set: With a new key and without needing to pay any ransom to the attackers for restored access.
The Perfect Pair United on ZorroSign’s Platform
Blockchain technology has the potential to support IDaaS in many ways: It can provide a secure, decentralized database, and enable faster, more efficient, and heightened secure identity management. It can also help to reduce the risk of fraud and errors and provide a more transparent and auditable record of all identity-related activities across IDaaS solutions.
ZorroSign unites both blockchain architecture with IDaaS capabilities to help your organization better manage identity access and elevate data security!
Contact us to learn more about our data security platform built on blockchain and put us to the test: Start your free trial of ZorroSign’s data security platform today.
Digital Signatures
Digital signature technologies have become a reliable way of doing business in a primarily digitized world. These technologies are expected to grow in popularity in 2023 and here are several key trends to watch:
Increased adoption: As more organizations and individuals become aware of the benefits of digital signature technologies, you can expect to see greater adoption of such solutions. This adoption includes a wide range of industries such as financial services, real estate, legal, IT and many more that serve as early-adopters of new technologies and which process a high volume of digital transactions requiring digital signatures.
Improved security and compliance: One of the key advantages of digital signature technologies is the enhanced security and compliance they offer. These technologies use advanced encryption and authentication methods to ensure the integrity and authenticity of signed documents. In 2023, you can expect to see further developments in the security and compliance of digital signature technologies. ZorroSign’s data security platform provides users with the security and privacy afforded by blockchain technology, plus our patented fraud detection technology (the Z-Forensics token), and passwordless login options through biometrics security.
Enhanced user experience: As digital signature technologies become more widespread, you can anticipate a greater focus on improving the user experience. This could include the development of more intuitive and user-friendly interfaces, as well as the integration of digital signature technologies with other tools and platforms. In this spirit, ZorroSign just recently launched our completely redesigned user experience! On the back-end, we’ve updated to a scalable microservices and containers architecture—allowing our platform to grow quickly while enhancing our development team’s productivity, autonomy, and efficiency. We’re also deploying on Provenance Blockchain for select organizations and continually enhancing our privacy, security, and compliance capabilities. On the front-end, you will quickly see the simplicity of our new user interface—delivering what we believe to be the best user experience for digital signatures!
Increased use of biometric authentication: Biometric authentication methods, such as fingerprint scanning and facial recognition, offer an additional layer of security for digital signature technologies. In 2023, you can expect to see more organizations and individuals using biometric authentication methods to sign documents electronically. ZorroSign leverages the biometric security of Apple and Android mobile devices to login to individual devices (and so the ZorroSign app) with hardware biometric capture features such as face, fingerprint, and iris scans. Such biometric login facilitates passwordless user authentication at the device-level for subsequent ZorroSign digital signatures and document management.
Moreadvanced integration with other technologies: Digital signature technologies can be integrated with a wide range of other technologies, such as workflow management systems, customer relationship management (CRM) systems, and document management systems. In 2023, you can anticipate more advanced integration of digital signature technologies with these and other tools, enabling organizations to streamline and automate their document signing processes.
Overall, 2023 is shaping up to be a promising year for the adoption of digital signature technologies! As more organizations and individuals embrace these solutions, ZorroSign is expecting to see a range of benefits, including improved security and compliance, enhanced user experience, and greater integration with other technologies.
Contact us to learn more about our data security platform built on blockchain and put us to the test: Start your free trial of ZorroSign’s data security platform today!
While information and data have always been valuable commodities, they have never been as available and distributed as they are in our digital world today. With digital information being so readily generated and shared, data security rises in importance. Learning about data security and how it may impact your business, government, and personal life is a necessity. So let’s dive in to what data security means and its importance in today’s technologically driven world!
What is Data Security
“Data security is the process of safeguarding digital information throughout its entire life cycle to protect it from corruption, theft, or unauthorized access,” defines Fortinet, a computer, data, and network security company. “It covers everything—hardware, software, storage devices, and user devices; access and administrative controls; and organizations’ policies and procedures.”
“When properly implemented, robust data security strategies will protect an organization’s information assets against cybercriminal activities, but they also guard against insider threats and human error, which remains among the leading causes of data breaches today,” adds IBM. “Data security involves deploying tools and technologies that enhance the organization’s visibility into where its critical data resides and how it is used. Ideally, these tools should be able to apply protections like encryption, data masking, and redaction of sensitive files, and should automate reporting to streamline audits and adhering to regulatory requirements.”
The Importance of Data Security
In today’s digital world, protecting proprietary information—including client data, financial transactions, knowledge archives, infrastructure and databases—must be a top priority for companies and organizations. If they fail via data breaches, hacking, or theft, companies may lose customers and lose trust.
“All businesses have data that’s valuable and that has to be protected,” said Candy Alexander, international president at Information Systems Security Association, a nonprofit organization for information security professionals and practitioners.
Individuals and organizations rely on the companies they do business with to safeguard their data. If a trusted company fails at this task, the company will have more than just the legal fallout to contend with.
According to UpGuard, the combined cost of global data breaches in 2021—including customer repayments, auditing services, legal fees, and fines, among other costs—was approximately $6 trillion. But a failure to protect private information negatively impacts more than just a business’s bottom line, it endangers their reputation and future success. As such, companies employ skilled professionals to prevent or mitigate such risks.
“The cloud, mobility, and the powerful devices most of us have in our pockets enable a culture of convenience, and the ability to collaborate and be more productive. While this convenience arguably makes our lives easier, it also makes it easier for cybercriminals to gain access to our sensitive personal information wherever it lives or wherever it is traveling across the network,” explains SimpliLearn. “New security threats pop up all the time, and IT security professionals need to stay up to date with the latest tactics hackers are employing in the field.” Data security teams must include strategists, communicators, and lifelong learners to ensure IT security is consistently a top priority.
ZorroSign is a Data Security Platform Build on Blockchain
Advancing data security is critical for any technology managing data, and ZorroSign delivers data security in several ways.
The first way ZorroSign supports data security is by using distributed ledger technologies—originally built on Hyperledger Fabric, now expanded to include the Provenance Blockchain—ZorroSign provides superior privacy and security, while preventing fraud and ensuring regulatory compliance.
Blockchains provide structural layers of protection from cybercrime like ransomware, malware, or phishing attacks by decentralizing the data set itself (preventing any one breach to access the entire data set), and then by giving endpoints (or nodes) a quick path to recovery, even if they are themselves breached or their access ransomed. Unlike centralized databases—which can be breached at unsecure endpoints (users and devices) or even at managed service providers (MSPs) hosting them—giving attackers complete control once they gain central access, blockchain technology distributes data physically across separate nodes. By decentralizing data storage, blockchain effectively prevents any one endpoint (even if compromised) from gaining control of the full data set. This distributed nature defeats any attack seeking to breach a system and holistically encrypts the data files stored inside: A single endpoint node might be breached, and its files held for ransom, but the larger data set cannot be controlled by any one endpoint (or central authority) and so attackers cannot capture the full data set for encryption, ransom, and shutting down the network.
ZorroSign has further elevated our data security through our patented fraud detection technology we call the Z-Forensics token. This unique digital solution can:
Prove that the individual who is performing the action to sign the document is who they claim to be (verification)
Apply a digital equivalent of a wet-ink signature to the document (legal intent)
Prove the authenticity of the printed or digital version of an electronically signed document, its content, attachments, and the signatures on it (authenticity)
Plus ZorroSign supports computer security with passwordless authentication capabilities, leveraging the biometric security of Apple and Android mobile devices to login to the device (and ZorroSign app) with hardware biometric capture features such as face, fingerprint, and iris scans. Such biometric login facilitates user authentication at the device-level without passwords (which can be hacked or stolen) for elevated security of digital signatures and your digital documents.
Contact us to learn more about data security and put us to the test: Start your free trial of ZorroSign’s data security platform built on blockchain today!
We are proud to finish 2022 strong by sharing our completely redesigned user experience for ZorroSign’s data security platform built on blockchain!
On the back-end, we’ve updated to an elaborate microservices and containers architecture—allowing our platform to scale quickly while enhancing our development team’s productivity, autonomy, and efficiency. We’re also deploying on Provenance Blockchain for select organizations and continually enhancing our privacy, security, and compliance capabilities.
On the front-end, you will quickly see the simplicity of our user interface—delivering what we believe to be the best user experience for digital signatures!
For a quick introduction to our new look, new features, and new benefits, watch this short overview from our U.S. operations team:
What’s New with ZorroSign’s Data Security Platform Built on Blockchain
And for an expanding overview of key functionality, visit our YouTube channel to watch helpful videos on creating an account, creating E-Sign documents, using platform tools, digitally signing documents, and so much more!
ZorroSign’s YouTube Channel: New User Experience Playlist
We are thrilled to share our updated platform with you . . .
Every November 30th, the United States observes National Computer Security Day. This year, we’d like to share some details on the history of this security awareness, how ZorroSign’s data security platform built on blockchain contributes to computer security, and how you can observe National Computer Security Day to improve your hardware and data security.
“It seems like every day we hear about breaches in cyber security. Keeping people and companies safe online is a top priority all over the world. It’s something that stays uppermost in our minds on National Computer Security Day. The story of National Computer Security Day is an interesting one.
“On November 2, 1988, Cornell University researchers uncovered an unknown virus lurking in their computer systems. Within four hours of discovery, the Morris worm virus invaded several other university systems as well as the ARPANET, an early version of today’s internet.
“Six days later, two computer experts with the U.S. Defense Advanced Research Projects Agency (DARPA) recommended assembling a National Computer Infection Action Team (NCAT) to respond 24/7, 365 to these kinds of attacks. On November 14, the Software Engineering Institute (SEI), a research center connected with Carnegie Mellon University, set up the Computer Emergency Response Team (CERT).
“In 1988, the National Computer Security Day sprang out of the Washington, D.C., chapter of the Association for Computing Machinery’s (ACM) Special Interest Group on Security, Audit, and Control as a way to raise awareness about cybercrimes and viruses. According to a 2004 Networld article, ‘November 30 was chosen for CSD so that attention on computer security would remain high during the holiday season – when people are typically more focused on the busy shopping season than thwarting security threats.’ By 2003, CERT and the U.S. Department of Homeland Security joined forces to create the National Cyber Awareness System.
“Whether we’re talking about National Computer Security Day or National Cybersecurity Awareness Month also in October, the goals are essentially the same. Each person must be proactive to protect their online security. Use this month to find out all you can about common-sense ways to stay safe in cyberspace.”
HOW ZORROSIGN’S PLATFORM SUPPORTS COMPUTER SECURITY
ZorroSign is the first company that offers a multi-blockchain data security platform to secure, track, and manage your digital signatures, transactions, and documentation.
By using distributed ledger technologies—originally built on Hyperledger Fabric and now expanded to include the Provenance Blockchain—ZorroSign provides superior privacy and security, while preventing fraud and ensuring regulatory compliance.
Blockchains provide structural layers of protection from cybercrime—like ransomware, malware, or phishing attacks—first, by decentralizing the data set itself (preventing any one breach to access the entire data set), and second, by giving endpoints (or nodes) a quick path to recovery, even if they are themselves breached or their access ransomed. Unlike centralized databases—which can be breached at unsecure endpoints (users and devices) or even at managed service providers (MSPs) hosting them—giving attackers complete control once they gain central access, blockchain technology distributes data physically across separate nodes. By decentralizing data storage, blockchain effectively prevents any one endpoint (even if compromised) from gaining control of the full data set. This distributed nature defeats any attack seeking to breach a system and holistically encrypts the data files stored inside: A single endpoint node might be breached, and its files held for ransom, but the larger data set cannot be controlled by any one endpoint (or central authority) and so attackers cannot capture the full data set for encryption, ransom, and shutting down the network.
ZorroSign has further elevated our security through our patented fraud detection technology we call the Z-Forensics token. This unique digital solution that can:
Prove that the individual who is performing the action to sign the document is who they claim to be (verification)
Apply a digital equivalent of a wet-ink signature to the document (legal intent)
Prove the authenticity of the printed or digital version of an electronically signed document, its content, attachments, and the signatures on it (authenticity)
Plus ZorroSign supports computer security with passwordless authentication capabilities, leveraging the biometric security of Apple and Android mobile devices to login to the device (and ZorroSign app) with hardware biometric capture features such as face, fingerprint, and iris scans. Such biometric login facilitates user authentication at the device-level without passwords (which can be hacked or stolen) for elevated security of digital signatures and your digital documents.
“Create a strong password In computer security, length matters. Passwords that are six characters are easier to hack, especially if they’re only made up of lowercase letters. To beef up your password, weave a nine-character combination of uppercase letters, symbols and numbers. Lastly, avoid using the same password for every account.
“Update spyware and malware protection software First, check to see if your operating system is up-to-date. If that’s set, update your protection software. Run a scan and don’t forget to invite your other devices to the party. Phones and tablets are also major security risks, so be diligent.
“Encrypt and backup your data Encrypt your data to create the brainiest of all brainteasers. But keep this in mind: even the best brain teaser can be cracked. That’s why it’s still important to back up your info on either the cloud or an external hard drive. (Just make sure that everything stays encrypted.)”
Use ZorroSign’s data security platform built on blockchain Tap the cybersecurity of blockchain with ZorroSign’s platform uniting digital signatures (Z-Sign), automated compliance (Z-Flow), intelligent forms (Z-Fill), document storage (Z-Vault), patented fraud prevention (Z-Forensics), user authentication and document verification (Z-Verify), identity-as-a-service (IDaaS), and so much more. Plus elevate computer security with our passwordless login capabilities, and patented Z-Forensics token for fraud detection. When the risk is personal and everything is on the line, Block It Down!
Contact us to learn more or put us to the test: Start your free trial of ZorroSign’s data security platform built on blockchain today!
At ZorroSign we recently made a major change to our platform architecture!
We have always been built on blockchain—and have always delivered the most private, most secure digital signatures—but we wanted to scale our platform much more aggressively, and that vison required a big change in how we develop and deploy our technology. Specifically, we moved from a centralized, monolithic approach to using microservices and containers.
Let me explain why we choose this new engineering approach and how your company might benefit from a similar move.
What Are Microservices? What Are Containers?
“A microservices architecture splits your application into multiple services that perform fine-grained functions and are part of your application as a whole,” explains IBM. “Each of your microservices will have a different logical function for your application.”
Explained another way, “a microservices framework creates a massively scalable and distributed system, which avoids the bottlenecks of a central database,” says Avi Networks (now part of VMware). “Microservices break an application into independent, loosely-coupled, individually deployable services… allowing for each service to scale or update using the deployment of service proxies without disrupting other services in the application and enabling the rapid, frequent and reliable delivery of large, complex applications.”
There are two types of microservices: Stateless (which do not save data, so any data is lost when the microservice’s container restarts), and Stateful (which do save data and so write to a database).
And where do you put those microservices? In containers.
“Containers are packages of your software that include everything that it needs to run, including code, dependencies, libraries, binaries, and more,” continues IBM. “Docker and Kubernetes are the most popular frameworks to orchestrate multiple containers in enterprise environments”
“Containers are a lightweight alternative to VMs for providing isolated operating environments for your workloads,” says Edward Kisller for JFrog. “Containers avoid the infrastructure overhead of a full-blown OS and provide only those resources (i.e., installations, dependencies, and code) that your applications actually need.” In other words, containers do not use all the CPU or RAM but instead share the operating system kernel for faster boots and less memory consumption.
“A container is a useful resource allocation and sharing technology. It’s something dev-ops people get excited about,” writes Ev Kontsevoy for Teleport. “A microservice is a software design pattern. It’s something developers get excited about.”
Why Develop with Microservices? What Are the Benefits?
“Microservices architectures make applications easier to scale and faster to develop,” notes Amazon Web Services. “Enabling innovation and accelerating time-to-market for new features.”
Such were ZorroSign’s high-level goals: To improve scalability, resilience, and productivity.
“Moving to microservices enabled a polyglot tech stack,” said Priyal Walpita, chief technology officer at ZorroSign. “Which means our engineers could contribute to our development efforts using the technology stacks that they know best, plus we boosted performance and facilitated a continuous delivery pipeline for easier and faster deployments.”
“Applications were traditionally built as monolithic pieces of software,” continues Avi Networks. “Monolithic applications have long life cycles, are updated infrequently and changes usually affect the entire application. Adding new features requires reconfiguring and updating the entire stack — from communications to security. This costly and cumbersome process delays time-to-market and updates in application development.”
In contrast to monolithic apps, microservices/container architectures bring benefits such as greater:
Agility — Microservices foster the organization of small, independent teams that take ownership of their services. “Best examples of microservices agility are sites like Amazon, eBay, Uber and Netflix, which are active 24×7,” notes AnAr Solutions. “The performance of these sites is a benchmark for other sites and applications. The response time, ability to handle multiple requests and process in minimum time is commendable.”
Productivity — “The microservice architecture tackles the speed issue of applications and its productivity by dividing it into small parts. In this way, these applications are developed and maintained at a very fast speed,” writes Terralogic. “Different teams work independently without waiting for the other team to finish their chunks of work. In this way, separate microservices are easier to locate and modify. Quality assurance of this microservice architecture is very fast as the programs which are developed early are tested instead of waiting for all the programs to be completed.”
Resilience — With microservices, an application will still function if part of it goes down because microservices allow for spinning up a replacement, granting the entire system higher resilience. “Three well-known microservices resiliency techniques improve fault tolerance and allow applications to smoothly handle failures,” explains Dr. Alan F. Castillo for Cloud Computing Technologies: Retry patterns, circuit breaker patterns, and timeout design patterns. “Employing these patterns is a very effective resiliency strategy for microservices applications. It doesn’t matter how you apply these patterns; what matters is that you have systems that can properly deal with failures.”
Continuous integration/continuous delivery (CI/CD) — Microservice facilitate CI/CD for applications and modernize the technology stack. “There are some goals of a strong CI/CD progression to serve in the microservices design, for example, every team of coders independently develop and install their changes or edits owned by them individualistically so that it did not affect or disrupt the work of other teams,” reports DevOps Enabler. “CI/CD best practices include the goal of automating the building process, testing the products, and then releasing the software. Developers must be able to track the performance metrics of DevOps throughout the software delivery lifecycle and warn people so that they can quickly recover if something goes wrong during deployment or release cycle.”
Scalability — Meeting demand is easier when microservices only have to scale the necessary components, which requires fewer resources. “Since an application is composed of multiple micro services which share no external dependencies, scaling a particular micro service instance in the flow is greatly simplified,” writes Atul Saini for Fiorano Software. “If a particular microservice in a flow becomes a bottleneck due to slow execution, that microservice can be run on more powerful hardware for increased performance if required, or one can run multiple instances of the microservice on different machines to process data elements in parallel.”
Security — “Migrating to microservices creates an opportunity for a much better security model,” explains Kontsevo. “As every microservice is a specialized process, it is a good idea to only allow it to access resources it needs. This way a vulnerability in just one microservice will not expose the rest of your system to an attacker.”
Not everything is easier with microservices, of course. Three commonly acknowledged challenges of deploying microservices typically include: First, the “complexity from managing microservices written in different languages,” as we’ve done at ZorroSign. Second, the “cost implications of network resource usage from remote calls across multiple services” and third, “investigating root causes or auditing systems becomes challenging when dealing with log management across distributed services, as log aggregators would be required,” suggests BMC.
But complexity, costs, and support all increase when any application grows, so facing those challenges with a microservices architecture is little different than facing the complexity, costs, and support challenges of a larger monolithic app.
Why ZorroSign Choose Microservices—and Why You Should, Too
Our CTO and I have been assessing microservices for several years, and committed to an overhaul of our DevOps a year ago. We spent the first half of 2022 building the next iteration of ZorroSign’s blockchain platform with microservices and containers.
“Beyond the development advantages, microservices allow us to more easily manage complex ZorroSign back-end services and improve our entire system’s resiliency,” said Walpita. “It’s far easier finding and fixing bugs, allowing our development team to focus on single, isolated functionality, and then deploying asynchronously to other development efforts, whenever new functionality is tested and ready.”
From my perspective, I was intrigued to learn how microservices improved our defense-in-depth capabilities, as security can be configured much more granularly and configured at each microservice level. With ZorroSign’s commitment to privacy and security, microservices were another important upgrade to keep our platform ahead of the competition.
“Our team develops in C#, Go, Java, and Python,” adds Walpita. “Being able to deploy all those program languages in a single application, united across AWS cloud tools, Docker, and Kubernetes, gives ZorroSign the flexibility our engineers desire and the scalability our customers demand.”
Finally, I asked Priyal what advice he might give other organizations thinking of deploying microservices. He said: “Make sure your product and development team are mature enough to adopt the complexity of a microservice architecture. At some point, a growing app’s need for scalability, higher resilience, and improved performance may make microservices the best path forward. But ensuring your DevOps are ready to integrate and manage all the pieces of a polyglot tech stack is the key to success.”
I encourage you to consider microservices for your apps, and welcome the chance to talk more about this exciting architecture for new technologies!
At ZorroSign, we are huge advocates of blockchain technology and its role in the metaverse and web3. We truly believe that the future for maintaining the highest level of security and privacy for businesses and online transactions is rooted in blockchain solutions.
Dubai is a city embracing the use of blockchain technology and wooing forward-thinking entrepreneurs. It has a history of visionary innovation, having already attracted 1,000 companies in the blockchain and metaverse space.
Dubai has taken a global lead in the use of blockchain technology with the Dubai Blockchain Strategy launched in October 2016 by His Highness Sheikh Mohammed bin Rashid Al Maktoum— propelling Dubai to be the first city in the world to conduct applicable government transactions via blockchain by 2020.
From that bold initiative—focused on improving government efficiency, creating new industry, and leading the world with paperless operations—Dubai has continually explored and evaluated distributed ledger technology innovations that demonstrate an opportunity to deliver more seamless, safe, efficient, and impactful city experiences.
It was from that 2016 vision that ZorroSign’s co-founder and CEO, Shamsh Hadi, drew inspiration to map his company’s emerging eSignature solution to blockchain. In the years since, ZorroSign has built a multi-chain blockchain platform uniting digital signatures, identity-as-a-service, automated compliance, and many more web3 technologies to support not only Dubai’s paperless initiatives and the vision of Sheikh Mohammed, but paperless operations for businesses, governments, and individuals around the world. Dubai’s blockchain strategy was a key beginning!
In September 2022, H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council, launched the Dubai Metaverse Strategy—aiming to turn Dubai into one of the world’s top ten metaverse economies as well as a global hub for the metaverse community.
“The Dubai Metaverse Strategy seeks to:
“Foster innovation, enhance the metaverse’s economic contributions through research and development collaborations, and promote advanced ecosystems utilizing accelerators and incubators that attract companies and projects to Dubai;
“Foster talent and invest in future capabilities by providing the necessary support in metaverse education aimed at developers, content creators and users of digital platforms in the metaverse community; and,
“Develop web3 technology and its applications to create new governmental work models and development in vital sectors, including tourism, education, retail, remote work, healthcare and the legal sector.”
“After the successful implementation of the strategy to transform Dubai into a Smart City by 2017, Dubai Government launched the Smart Dubai 2021 Strategy.”
With goals of customer happiness, economic growth, and resource and infrastructure resilience, the Smart Dubai 2021 Strategy presents six strategic objectives to achieve:
A “smart livable and resilient city” — achieving full information and communication technology (ICT) enablement of critical infrastructure, enhancing resilience and delivering an integrated, sustainable urban experience.
A “globally competitive economy powered by disruptive technologies” — digitally transforming economic sectors, transitioning to sustainability while fostering vibrant entrepreneurship and innovative ecosystems.
An “interconnected society with easily accessible social services” —digitizing and simplifying access to services for residents and visitors, improving the quality of life and streamlining social, cultural, education, and healthcare experiences in the emirate.
“Smooth transport driven by autonomous and shared mobility solutions” — pioneering mobile solutions for a seamless and safe transportation experience, harnessing autonomous transportation technologies, and reducing time spent commuting.
A “clean environment enabled by cutting-edge ICT innovations” — deploying technologies that ensure sustainability and quality of the emirate’s resources (water, air, energy, and land), improving resource efficiency and conserving consumption, and digitally transform utilities/manufacturing/transportation to reduce the emirate’s carbon footprint.
A “digital, lean connected government” — i.e., “a government with zero visits” eliminating the need to commute to and physically interact with the government via paperless, cashless government operations delivering optimized experiences and powered by world-class city-wide shared services and infrastructure.
“The Digital Dubai initiative represents a vision to recreate the traditional top-bottom city management model into one that is representative and sustainable,” writes David Ndichu for Gulf Business. “Data is the foundation for the smart city Dubai aspires to be and the emergent digital economy the country is fostering.”
ZorroSign and Dubai
ZorroSign’s CEO and co-founder, Shamsh Hadi, is a third-generation member of the Hadi family who have called Dubai their home for the last 55 years.
ZorroSign’s multi-chain blockchain technology supports Dubai’s blockchain strategy, metaverse strategy, Smart Dubai 2021 strategy, and paperless initiatives while helping organizations around the world move to private, secure paperless operations. Our technology was built from the ground up using private, permissioned Hyperledger Fabric blockchain—the blockchain architecture deployed by Amazon Web Services, IBM, Intel, Mastercard, Microsoft, PayPal, and more—and ZorroSign’s platform today also supports public, permissionless Provenance Blockchain.
When privacy and security is mission critical, organizations from Dubai to Dublin, Dallas to Dhaka need ZorroSign for digital signatures, transactions, and documentation. Put ZorroSign’s blockchain platform to the test by signing up for a free trial today at https://www.zorrosign.com/new/
Blockchain-based digital signatures for greater privacy and security
With more and more businesses, governments, and individuals employing blockchain technology for commerce and operations, ZorroSign stands as key addition to your technology stack.
Whether you’re decentralizing data with web3, securing cloud or software-as-a-service (SaaS) architectures, committing to digital transformation, or elevating sustainability, our multi-chain blockchain solution is the perfect addition to your IT offerings—learn how!
If You’re Decentralizing with Web3
The idea of escaping a centralized authority managing protocols, transactions, and access was built into the World Wide Web from its earliest days.
Web 1.0 was the initial iteration of the World Wide Web in the late 1980’s and early 1990’s. “Web 1.0 is the term used for the earliest version of the Internet as it emerged from its origins with Defense Advanced Research Projects Agency (DARPA),” writes Kuntal Chakraborty for Techopedia. “Experts refer to it as the ‘read-only’ web—a web that was not interactive in any significant sense.”
From those early static web pages, a platform model of computing soon evolved that would become Web 2.0 or the ‘social web.’ Here, interaction with growing web applications and platforms drove e-commerce and the expansion of the Internet, allowing large providers to aggregate and control much of the shared data. This is the Internet we know today.
The dream of Web 3.0, however, is to break the centralization of information and democratize the Internet more to the vision of its earliest founders. “Web3, ” claims Chris Dixon from Andreesen Horowitz in a recent article in The Economist, “combines the decentralized, community-governed ethos of web1 with the advanced, modern functionality of web2.”
“The rise of technologies such as distributed ledgers and storage on blockchain will allow for data decentralization and create a transparent and secure environment, overtaking Web 2.0’s centralization, surveillance and exploitative advertising,” writes Charles Silver in a recent Forbes article. “Indeed, one of the most significant implications of decentralization and blockchain technology is in the area of data ownership and compensation… Web 3.0 will bring us a fairer internet by enabling the individual to be a sovereign.”
Blockchains are distributed ledger technology (DLT) leveraging cryptography—user authentication, data encryption and verification—to secure information records (blocks) distributed across peer-to-peer (P2P) networks. DLTs replicate, share, and synchronize digital data geographically spread across multiple sites (nodes), with no central data storage or administrator. They can run publicly (open) or privately (permissioned).
Perhaps most importantly, blockchains can support smart contracts—where terms, conditions, and permissions written into the digital code that require an exact sequence of events to take place to trigger the agreement of the terms mentioned in the blockchain contract. This hardwiring of contract details greatly increases speed (via automation), trust (where accuracy and backup are built into the transaction), and autonomy (as no third parties are required to mediate or control the exchange) of transactions.
As such, centralized solutions such as blockchains have immense potential to transform business contracts, real estate deals, digital rights, supply chain security and provenance, estate planning, and many other legal transactions.
And here is where ZorroSign shines!
We have built our digital platform from the ground up using blockchain technology. Launched with Hyperledger Fabric, our multi-chain platform now supports the public Provenance Blockchain as well, giving our users an entirely new world of decentralized digital transactions.
Our web3 technology platform also provides identity-as-a-service (IDaaS) capabilities through a patented Z-Forensics token plus fraud prevention, user authentication, and document verification. Web3 features such as artificial intelligence (AI) and machine learning (ML) allow us to automate form completion for digital documents, and can improve regulatory compliance across global standards for legally enforceable digital signatures.
Paired with Provenance Blockchain—which reduces the need for third-party intermediation, drastically reducing costs and freeing up capital in financial transactions—ZorroSign’s platform promotes greater transparency and liquidity for organizations, and allows for new kinds of financial engineering and business opportunities.
If You’re Securing SaaS or Cloud Solutions
More than 90% of all cyber attacks begin with phishing but blockchain architecture, originally built for zero-trust environments, can deliver a compelling alternative to centralized databases and a strong protection against cyber attacks. How?
In phishing attacks that seek to steal data, blockchain presents a data architecture where no single endpoint node controls the data set. Even if an individual endpoint is hacked through phishing or other social engineering, the data set is distributed across many nodes. This decentralization of data and access means even successful phishing attacks that penetrate a blockchain endpoint only gain a small piece of system access.
In cyber attacks that seek to inject malware such as ransomware, the distributed nature of blockchain defeats those seeking to breach a system then holistically ransom the data files stored therein. Again, a single endpoint node might be breached, but the larger data set cannot be controlled by any one endpoint (or central authority) and so attackers cannot capture the full data set for encryption, ransom, and shutting down the network.
Recovery is quicker with blockchain, too. With blockchain, each endpoint node has a unique encryption key to access and write to the distributed ledger. If any one of those endpoints is successfully hacked (compromising their access key), the blockchain can simply remove distributed ledger access for that compromised key, issue the endpoint a new key, and allow that endpoint to quickly regain distributed ledger access (effectively as a new endpoint). This speedy recovery process effectively maroons any ransomware on the endpoint it attacked—ending its access and threat—while allowing the endpoint to re-engage the larger data set with a new key and without needing to pay any ransom to the attackers for restored access.
ZorroSign technology leverages the biometric capabilities of hardware endpoints to verify user identities—for example, PC and mobile device fingerprint scans, iris scans, and face recognition to ensure users are who they claim to be.
And ZorroSign multi-factor authentication (MFA) provides maximum security, as before a user can sign a document, our platform can validate multiple dimensions of authentication based upon your transaction security needs: What you know (i.e., your ZorroSign login password ), what you have (e.g., your laptop or mobile device), who you are (e.g., biometrics such as fingerprints or eye iris on the device securing who can access it), etc.
ZorroSign has further elevated our security through our patented fraud detection technology we call the Z-Forensics token, our unique digital solution that can:
Prove that the individual who is performing the action to sign the document is who they claim to be (verification);
Apply a digital equivalent of a wet-ink signature to the document (legal intent); and,
Prove the authenticity of the printed copy or digital version of an electronically signed document, its content, attachments, and the signatures on it (authenticity).
Unlike any other digital signature solution, ZorroSign seals all your documents with our Z-Forensics token—capturing the complete audit trail and accompanying attachments and signature workflow. The token is encrypted and contains all the details about the transaction: Time stamps, user authentication, documents and attachments.
And like your SaaS solutions, ZorroSign’s SaaS model can be deployed in various cloud configurations, making it seamless to integrate into your existing platform as a public, private, hybrid, or on-premise cloud:
Our standard deployment is on Amazon Web Services (AWS) public cloud computing network
In our private cloud configuration, all your data and the ZorroSign application run in a private and secure cloud network dedicated to your organization
In a hybrid cloud configuration, your data can be stored on either ZorroSign data centers or in the private cloud, while the ZorroSign platform and applications run on their standard public cloud configurations
On-premise deployments require your department to manage and maintain your own data centers, but gain the benefits of unlimited API calls and total control over identity access management (IAM), data privacy and security, and data integrity processes
If You’re Committed to Digital Transformation
For years, organizations have steadily moved more and more of their operations to digital data and delivery. Such advances save time and effort, automate key processes, and drive greater efficiency and effectiveness. With digital transformation, customers or constituents can receive services faster and gain self-service options, and employees get more time to work on the most important projects.
“Digital transformation is no longer an option, but an imperative,” notes the Harvard Business Review. “Recent research from Accenture has found that in the three years prior to 2018, firms who led their industry in enterprise technology adoption grew two times faster than laggards. Today, they are growing five times faster. The risk is no longer merely getting left behind, but being eliminated altogether.”
For organizations leveraging digital data, apps and SaaS, IoT, or any of the multitude of other digital solutions, adding ZorroSign can be an important consideration.
To transact business, commerce, government, or individual trade in such a digital ecosystem also requires legally enforceable digital signatures to prove agreement and intent. Our multi-chain blockchain platform delivers such digital signatures and ensures the digital chain-of-custody necessary to successfully defend digital signatures in a court of law.
And by digitizing paper-based workflows, ZorroSign’s digital signature and document management platform can decrease costs, reduce errors, and increase productivity across digital operations . . . a massive benefit for any organization committed to digital transformation!
If You’re Focused on Sustainable Business
Digital operations also eliminate paper so “going green” with paperless operations may readily align to your IT organization’s corporate social responsibility goals or vision.
At ZorroSign, we help IT organizations deliver paperless operations. We all understand that switching from doing business using paper to digital records is not only a smart business decision, but it is also good for the environment. Each time you use ZorroSign to digitally transact agreements, contracts, and other documents—instead of printing, faxing, scanning, shipping documents overnight to collect signatures—you save trees and water, plus reduce carbon emissions.
Further, ZorroSign is dedicated to advancing sustainability while advancing new technologies, promoting a paperless life and leading sustainability programs that support environmental conservation. The company’s Save-a-Tree, Plant-a-Tree program, for example, plants a tree on behalf of customers every time they save 8,000 pages of copy paper. As one tree produces roughly 8,000 pages of copy paper, this amounts to a double incentive: Reducing the destruction of trees via reduced paper use, plus increasing the number of trees as a reward for reducing paper use.
For all these reasons and more, if you are using blockchain technologies—or planning to in 2023—consider ZorroSign as a strong complement to your technology stack! You can start with a free 14-day trial to see what we can deliver or contact us to learn more!
Blockchain technology is an important part of how we do business here at ZorroSign, and we truly believe that the future for transacting business—and maintaining the highest level of privacy and security—is rooted in utilizing distributed ledgers. Thankfully, we are not alone!
Let’s take a look at some of the innovative ways that forward-thinking organizations are using blockchain technology in Phoenix, Arizona.
Dash
Dash is a Phoenix-based cryptocurrency that enables anyone, anywhere in the world to make quick, easy and cheap payments at any time without going through a central authority. Based on a decentralized peer-to-peer network, and secured by strong cryptography, Dash offers a safe and user-friendly payment method without barriers. Dash is portable, inexpensive, divisible and fast digital cash for both the internet and everyday life.
Dash is used around the world as a practical alternative to cash and credit cards. It is also a useful solution in the international remittances market. It is particularly popular in regions where technical access barriers exist to traditional payment systems, or where hyperinflation has made existing currency impractical to use.
The Dash Platform is a technology stack for building decentralized applications on the Dash network. The two main architectural components, Drive and DAPI, turn the Dash P2P network into a cloud that developers can integrate with their applications.
Propy
Propy is a residential real estate platform built upon the Ethereum blockchain that accelerates transaction time for home buying. Their products help brokers, agents and title companies migrate to closing on blockchain.
They built a blockchain-powered title and escrow company that supports traditional, crypto, and NFT closing. In addition, Propy records the title on both the blockchain and with the county registrar. The company’s new service has been launched for residential real estate transactions in Arizona, Colorado and Florida.
Real estate agents use Propy to invite buyers and sellers to the Propy platform where they can all use it from offer to close, removing legacy processes and systems that slow down the whole process. All parties involved in the process of home purchase and sale are able to view and follow in real time every step in their transaction and close in a secure blockchain environment. The blockchain closing environment minimizes the risks associated with wire and title fraud or loss of information.
Sky Republic
Founded in 2016, Sky Republic is a pioneer in enterprise blockchain and supply chain integration, recognized in six Gartner Hype Cycles. They provide blockchain automation for digital supply chains.
Sky Republic’s Atlas Sky Contract Platform (SCP) delivers real-time reconciliation, asset tracking, provenance tracing, process optimization, and more. To synchronize business with their partners and decentralize benefits, Sky Republic creates a trusted and distributed digital twin of a supply chain. Designed to get multi-enterprise applications up and running quickly, Sky Republic’s platform makes supply chain more productive, resilient, and nimble.
SPARK+
SPARK+ is an innovation company specialized in blockchain development with a wide range of expertise and clients across the globe. They believe futuristic platforms need futuristic technologies such as blockchain, AI and ML. SPARK+ helps their clients to leverage these modern technologies for your existing business or new idea.
Those who work for SPARK+ believe that blockchain suits well where it fits well. From Use case analysis to quality delivery SPARK+ makes sure your product enhances its value with the power of blockchain technology. SPARK+ offers several different blockchain services such as; Tokenization, decentralized finance, blockchain network development, app development and integrations, enterprise blockchain solution, and auditing, training and consultation.
And ZorroSign
ZorroSign, of course, is a multi-chain blockchain platform uniting digital signatures with workflow controls and automation, AI/ML form fill, identity-as-a-service (IDaaS), patented fraud prevention, and much more—all written to either the private, permissioned Hyperledger Fabric blockchain or public, permissionless Provenance Blockchain.
ZorroSign opened our global operations hub in Phoenix to be among forward-thinking individuals and organizations that believe in harnessing the power of blockchain for the future. These companies, and many emerging organizations in Arizona, are making the leap to web3 and bringing blockchain technologies to life for businesses, governments and individuals.
(Originally published on LinkedIn by Shamsh Hadi, CEO and Co-Founder of ZorroSign)
Blockchain advocates have long been excited about distributed ledger technology’s potential for cybersecurity, financial services (especially cross-border payments), the Internet of Things (IoT), real estate, and supply chain management. But as we look ahead to 2023, some other interesting markets are worth watching for the latest trends in blockchain use. Here are four industries I believe will accelerate blockchain adoption to their great advantage . . .
Cloud Services
The worldwide public cloud services market, including Infrastructure as a Service (IaaS), Platform as a Service (PaaS), and Software as a Service (SaaS) generated $408.6 billion in 2021 revenues, according to the International Data Corporation (IDC). Big Tech players “Alphabet, Amazon and Microsoft have together invested almost $120 billion in the past 12 months,” calculates as recent article in The Economist. “Most of it in data centres and the servers that power them.”
While the cloud services industry is still young, this tremendous growth (and high profit margins) drive innovation. Such innovation will include more blockchain technology in 2023.
For example, “cloud storage is another sector that blockchain can electrify and change. Traditionally, cloud storage companies allow users to purchase a certain amount of storage that is generally sold by the terabyte,” explains a recent Investment Bank article. “Blockchain technology provides users a means to store information on a peer-to-peer network. A cloud storage platform could be run by the nodes that help facilitate transactions. The nodes would be giving up storage on their computers to the consumer, but the node owners would be compensated by the consumers for storing their data.”
More broadly for cloud services, blockchain brings greater privacy and security capabilities. “When cloud computing is integrated with blockchain technology, the main problem, security and privacy, gets addressed,” writes Tanvir Zafar for Yahoo! Finance. “Data deletion from one computer does not erase data stored on other devices on a blockchain network. As a result, there is no danger of data loss or alteration. Data on a blockchain is irremovable. It allows for clear documentation of data usage, including where, when, and how it is being used and by whom. Blockchains are governed by codes, eliminating the need for third-party rules, making them a more secure alternative.”
Such elevated privacy, security, and automation can quickly advance cloud computing—not only delivering greater benefits to consumers, but potentially lowering costs and overhead for providers.
Beyond these improvements to today’s cloud services, blockchain can be added as a service offering itself. “In blockchain-based cloud computing, blockchain can be used for secure network management by hosting the blockchain network as Blockchain as a Service (BaaS) in a cloud environment,” suggests Kenny Kleinerman for Ridge. “BaaS supports IoT applications by offering different blockchain-enabled services, such as smart contract services, verification services on user transactions, and cloud blockchain storage.”
I foresee blockchain as a huge piece of cloud services—both infrastructure and offering—in the years ahead!
Government
At ZorroSign, we have already seen many government agencies, departments, and ministries adopting blockchain for operations. “Governments are likely to begin implementing distributed ledger technology (DLT) systems that will replace traditional paper-based systems,” writes Finnegan Pierson for Chetu. “The migration to digital data systems has been going on for quite some time, but DLT has greater advantages that provide greater trust, transparency and security via encryption and validation features.”
Government organizations can readily improve constituent communications and administration with the innovative adoption of blockchains. For example, blockchain can improve:
Form processing and chain-of-custody tracking of government documents
Identification and elimination of errors in government documents, plus reduce tampering and detect forgery
Operational efficiency by eliminating paper-based records (and related equipment and supplies to print, copy, distribute, and store paper documents)
Cost controls by reducing the expense of manually processing applications, forms, and documentation of all kinds and instead implementing digital records stored on blockchain
In the UAE, for example, H.H. Sheikh Mohammed bin Rashid Al Maktoum’s Digital City Vision for Smart Dubai has been a guiding principle for ZorroSign and other blockchain innovators. For ZorroSign, we share his goal of a paperless life in the UAE by 2030, but Digital Dubai pursues many technologies, as the leaders have found “government effectiveness became increasingly imperative especially in Government to Consumer (G2C) and Government to Government (G2G) services.”
Specific to blockchain, “The Dubai Blockchain strategy will usher in economic opportunity for all sectors in the city, and cement Dubai’s reputation as a global technology leader,” notes the Digital Dubai initiative. “In line with Digital Dubai’s mandate to become a global leader in the smart economy, fueling entrepreneurship and global competitiveness.” Such vision for government is starting in Dubai, but readily seen as critical to future governance in other countries.
Perhaps most exciting, “blockchain technology can end voter fraud,” claims Shivam Arora in an article for Simplilearn. How? With blockchain “people can vote online easily without revealing their identities. Using blockchain, officials can count votes with absolute accuracy, knowing that each ID can be attributed to only one vote. Fraud cannot occur because it is next to impossible with blockchain technology. And, once a vote is added to a ledger, it cannot be changed or erased.” The opportunity to improve voting processes and ensure democratic results will surely keep blockchain in the government focus for years to come.
Law
As blockchain transforms government, so it will transform the law and legal services.
There are many ways blockchain technology is already transforming legal services, writes Steve Glaveski for the NewLaw Academy: “Smart contracts, dispute resolution, IP rights… where The blockchain can support evidence of creation, first use, and rights management, and can track distribution. This ultimately prevents copyright infringement and enforces mitigation via time-stamped copies of work, aiding plaintiffs if appearing before a court. Land and property registries (that today) are notorious for being out of date, decentralized, and restricted. And public service records.”
Again, at ZorroSign we have seen law firms and legal departments start with digital signatures for digital transactions, then quickly expand their use of blockchain to store, track, and manage their contracts and agreements. Contract lifecycle management (or CLM) solutions help attorneys to manage the complex and evolving nature of contracts—making them more efficient at producing, executing, and upholding contractual agreements. Leveraging blockchain, ZorroSign manages contracts as we manage all digital documents, providing digital signatures to quickly execute legally binding contracts, a patented Z-Forensics token to ensure contract immutability, and a document management system built on blockchain for immutable storage.
Consensys, a software foundry providing decentralized software services and apps on Ethereum, believes blockchain can make the legal industry more accessible and more transparent. “Lawyers can leverage blockchain technology to streamline and simplify their transactional work, digitally sign and immutably store legal agreements,” claims a Consensys article. And “blockchain-based contracts have baked-in compliance, no surprises, and no room for misinterpretation.”
As transactions and records move to digital workflows, digital signing ceremonies, and digital storage, blockchain will be a boon to law firms and legal department in 2023 and beyond.
Identity
Finally, with the move to digital commerce and communications, our individual identity—as mapped to digital worlds—becomes increasingly important to control and authenticate.
“Identity systems are currently flawed in a number of ways. They are porous, operate in isolation and prone to error,” adds Finnegan Pierson again in Chetu. “Blockchain systems can solve these problems and provide a single source to verify identity and assets. Blockchain identity can also offer a type of ‘self-sovereignty’ that hasn’t existed before.”
This desire for control over one’s personal information—and digital data across platforms—lies at the heart of web3. While web3 starts with blockchain, its ambition and scope will spread far across the Internet, metaverses, and shared networks.
“Identification and credentials are easier for everyone to work with when they’re digital: vaccination cards, academic qualifications, occupational licenses, employee ID and more. But this highly personal information must remain private and secure,” says IBM. “Governments, businesses and educational institutions are turning to blockchain as a proven way to enable a secure and trusted infrastructure and improve services.”
“One of the most problematic results of the internet age has been identity security,” notes Nathan Reiff for Investopedia. “Blockchain technology has already demonstrated the potential for transforming the way that online identity management takes place. The applications for blockchain and identity management are wide-ranging.”
From cloud services, cybersecurity, and IT to financial services, government, healthcare, legal services, real estate, supply chains, and other industries, blockchain is changing how we do business, share information, and identify ourselves.
These trends are just the start, however, and the opportunities for blockchain to improve the privacy and security of our digital data will flourish in the years ahead.
Contact us to learn more . . . or start a free trial to put our blockchain software for digital signatures to the test!
We use blockchain technology for superior privacy, security, and compliance. Governments, businesses, and individuals around the world trust ZorroSign’s web3 solutions for their digital signatures, digital transactions, and digital document management.
We at ZorroSign recognize that the technology industry is constantly evolving and changing. As new innovations are created and others evolve, we find it important to stay on top of these trends so that we can provide our customers with the most current, useful and secure technology possible.
A report by Fortune Business Insights predicts that the global blockchain market will grow from $7.18 billion in 2022 to $163.83 billion by 2029. With that explosion in growth, here are some recent trends to keep your eye on as more and more blockchain solutions come to market . . .
Environmentally-Friendly Blockchains
While blockchain has brought about amazing transformation in businesses and the tech space, one of the largest obstacles for a future of blockchain is the excessive use of energy needed to run proof-of-work blockchains.
“Bitcoin uses more electricity per transaction than any other method known to mankind,” said Microsoft founder, Bill Gates, in a live-streamed Clubhouse session with CNBC’s Andrew Ross Sorkin in 2021. “And so it’s not a great climate thing.”
However, evolving trends in blockchain technology increasingly focus on developing “greener” blockchain systems. Solutions like carbon offsetting and focusing on bringing less energy-intensive proof-of-stake blockchain architectures are introducing more environmentally-friendly blockchains.
“With the rise of blockchain technology, a number of platforms have emerged that are allowing users to reduce their overall energy consumption by a huge margin,” notes a recent article in Finance Magnates. “For example, Cardano reportedly consumes only 6 GWh of power per annum, while Stellar (XLM), Iota (MIOTA), and Tron, also have extremely low power needs.”
Furthermore, one of the most popular blockchain networks, Ethereum, is moving to a proof-of-stake algorithm this month with “The Merge.” This proof-of-stake validation offers a more sustainable solution for enterprises attempting to make the jump towards greener blockchains.
Blockchain-as-a-Service (BaaS)
At the intersection of blockchain and cloud computing can now be found Blockchain as a Service (BaaS)—a service offering that allows businesses to use cloud-based solutions to develop, host and adopt their own blockchain applications, smart contracts and other relevant functions on the blockchain. Here, the cloud-based IT partner or service provider manages all the required tasks and activities to keep the distributed ledger infrastructure up and running.
BaaS allows organizations to focus on operations and key tasks, and it reduces the technical difficulties and the need to purchase expensive technology solutions. Based on the Software-as-a-Service (SaaS) model, this third-party service delivers the installation, configuration, monitoring, and maintenance of the infrastructure. Moreover, this blockchain technology trend offers the ability to take benefit of blockchain features without the need to learn difficult coding.
Companies like Amazon, IBM, Microsoft, SAP, and others have already implemented it BaaS and we will continue to see other businesses make the leap.
Metaverse and Web3
Web3 refers to the next generation of the internet that will be decentralized, open, and run on blockchain. In its current form, web2 is overwhelmingly dominated by Big Tech corporations that use, control, and monetize the personal data of its users.
The dream of web3 is to break the centralization of information and democratize the Internet more to the vision of its earliest founders. “Web3,” claims Chris Dixon from Andreesen Horowitz in an article in The Economist, “combines the decentralized, community-governed ethos of web1 with the advanced, modern functionality of web2.”
Web3 “will be based on the convergence of emerging technologies like blockchain, artificial intelligence (AI), machine learning and augmented reality,” notes Neeti Aggarwal and Dandreb Salangsang in The Asian Banker. “It will be characterized by decentralized data, a more transparent and secure environment, machine cognitive intelligence and three-dimensional design.”
Web3 advocates claim that the technology will give users back control over their data through decentralized applications.
The metaverse is essentially described as an immersive 3D world that users can transport themselves into for work, play, and communication by using a combination of VR, AR, and other advanced technologies. Blockchain is a driving force behind many aspects of the Metaverse, including NFTs, gaming, payment methods, virtual real estate, and even identity authentication.
The idea of the metaverse is sometimes inaccurately conflated with Web3. But while it’s built on Web3, the metaverse—or metaverses, given that there are many—is about user experience and arguably about web culture as much as the tech on which it relies.
The metaverse will become a virtual world that will provide its users with unforgettable digital experiences. And built on blockchain technologies, the more popular the metaverse becomes, then the more blockchains are deployed and engaged.
At ZorroSign, we love learning the latest trends in blockchain technology so that we can continue to provide the most secure and user-friendly digital signatures platform available. Put our blockchain to the test by signing up for a free trial at https://www.zorrosign.com/new/.
The user interface (UI) and user experience (UX) of technologies, especially web-based solutions and apps, are critical to such technologies’ market success. “Taking advantage of the benefits of great UI/UX design is more vital than most people realize,” explains Eliza Brooks in a JumpStory article on design. “Everyone wants to experience and have the best technology, while at the same time not wasting any precious time.”
“If users cannot use your product and access all of its features, your prospects of success are greatly reduced,” notes Digital Solutions. “This usability factor is where the realms of User Interface (UI) and User Experience (UX) enter the picture. A great User Interface will draw people to your app right away, while a great User Experience will leave a lasting impression on your users.”
At ZorroSign, we have taken this truth to heart and are proud to unveil our entirely redesigned UI/UX for the next generation of our multi-chain blockchain platform for digital signatures!
To begin, a quick definition of UI and UX may be helpful. “Generally speaking, UX is the one that ensures your digital platform works smoothly—including pleasant and accessible designs, a clear and concise user journey, simple navigation processes, responsiveness, etc.,” explains a recent Wire Delta article. “On the other hand, User Interface or UI Design is for just that—the interface. In other words, UI takes care of typography, layouts, colors, graphic design, and visual design. So, while it is helping customers interact with different digital products and services, it does not consider the user journey.”
In other words, the UX is the sum of the whole—the complete experience a user has of using a specific UI, engaging its features and functionality, and generating whatever outcomes the technology produces—functionality, information, calculation, etc.
While the UI is the environment of the screen or app, the physical engagement and interaction via clicks, buttons, form entry, and all other inputs and outputs.
“User interface elements usually fall into one of the following four categories,” write Maria de la Rivva for Career Foundry. “Input Controls, Navigation Components, Informational Components, Containers. Input controls allow users to input information into the system. If you need your users to tell you what country they are in, for example, you’ll use an input control to let them do so. Navigational components help users move around a product or website. Common navigational components include tab bars on an iOS device and a hamburger menu on an Android. Informational components share information with users. Containers hold related content together.”
So UX is the total experience of using a technology, while UI is the tactical, direct engagement of the technologies interface.
Why Your UI/UX Must Continuously Evolve
“User Interface (UI) updates present an exciting opportunity for design teams to reinvigorate stale experiences, address issues, and explore future iterations,” writes Ayana Campbell Smith for Envy Labs. “It’s never a question of if interface updates will be necessary, but instead, when.”
For an innovative technology company, resting on the laurels of a successful product is simply not good enough. Innovators must continuously revisit, refine, and improve their solutions to ensure their great technologies are also great experiences for their customers, clients, users, and prospects.
A well-designed user interface delivers five key user experiences according to GeeksforGeeks:
Simplicity—which is to say, the minimum clicks or keystrokes to achieve a task
Consistency—across typeface, style, size, and components to deliver information with minimal chaos and ambiguity
Intuitiveness—input and navigation that is easy to learn, with concise and cogent icons and labels
Prevention—readily prevent users from performing inaccurate/inappropriate actions on the site by steering them always to the correct functions
Forgiveness—a quick way back/out if users find themselves in functions or content they did not mean to engage
Perhaps equally important, users’ expectations for simplicity, consistency, intuitiveness, prevention, and forgiveness evolve over time—especially as new technologies come to market and reshape their expectations. Recall for example the leap in UI expectations from desktop computers (keyboard and mouse), to our expectations on mobile phones or tablets (touchscreen or voice command)! Evolving technologies produce evolving user expectations and needs for UI/UX.
The Value of Great UI/UX
“A strong and valuable user experience offers a business a strong competitive advantage in attracting and retaining their customers,” continues Brooks. She calls out five critical benefits to a strong user experience, including:
Improving customer acquisition—”The more aesthetically pleasing a brand’s site design is, and the more intuitive the features are, the easier it is for them to build trust and thus increase the chances of the brand attracting users and quite possibly converting them into customers”
Helping with customer retention—delivering an intuitive, beautiful experience brings people back to that experience!
Optimizing development time and costs—by focusing on the customer experience, development teams can more “easily pinpoint and address usability issues” and “anticipate the needs of users before releasing the solution to a wider audience”
Increasing productivity—efficient UI/UX design streamlines tasks, work, and outcomes
Generating more user engagement—for example, employing UI design that is instructive, clearly conveying the help/benefits of engaging a specific page or functionality
“Investing in an effective Ul/UX design increases customer satisfaction, resulting in satisfied customers,” continues Digital Solutions. “People like to work for companies that make them happy. Ultimately, this will improve your firm’s credibility as a client and fosters positive associations with your company and brand. As a result, the worth of your company and your brand name will shoot up and increase.”
At ZorroSign, we agree completely!
“Digital products with a good user interface give you a competitive edge in a constantly growing world where companies are starting to realize the importance of good user experience,” says Tiffany Eaton for UX Collective. We realize this truth and are excited to share the new UI/UX we bring to market.
Contact us to learn more about ZorroSign’s completely redesigned UI/UX for 2022 . . . or start your free trial to put our next generation user interface to the test!
With new technologies constantly coming to market, companies must make an effort to be innovate in order to stay relevant and not get left behind.
ZorroSign is committed to continuous technology innovation and our achievements have been recognized with the following awards over the past year:
ZorroSign was awarded a gold Stevie in the Blockchain Solution category at the 18th Annual International Business Awards at the end of 2021. We were also recognized with two bronze Stevie® Awards for Company of The Year – Computer Software and Most Innovative Tech Company of The Year.
According to the judges, ZorroSign “pushes the needle on innovation,” demonstrates “great use of blockchain and Hyperledger to solve signature issues,” is “one of the few companies that are able to use blockchain technology to solve a real business problem,” and declares, “blockchain is the future of digital signature.”
We could not be more proud of this recognition and the Stevie judges’ comments!
APAC Business Headlines
APAC Business Headlines praised ZorroSign’s commitment to delivering superior privacy and security, as well as the company’s ability to make a difference through sustainable practices. You can read the magazine article at https://www.apacbusinessheadlines.com/Blockchain-2-web-version/ZorroSign/
Insights Success
And in July 2022, ZorroSign announced our appearance on Insights Success cover as one of the “Ten Most Innovative FinTech Solution Providers in 2022.”
Insights Success celebrated ZorroSign’s multi-chain blockchain platform as a groundbreaking solution in financial technologies and driving force for blockchain and web3.
“We are thrilled to be recognized by Insights Success and counted amongst the most innovative fintech solutions providers today,” said Shamsh Hadi, co-founder and CEO of ZorroSign, Inc. “As most financial service providers currently deploy legacy technologies, the opportunity for early adopters to leap ahead with blockchain solutions—such as ZorroSign—becomes an asset and key competitive advantage.”
ZorroSign continues to create and use new technologies, driving both industry innovation and greater sustainability. On August 15th we will be launching our completely redesigned next generation platform—including upgrades to our user experience, user interface, new features, security, compliance and system updates.
Contact us to learn more . . . or start your free trial to put our innovative digital signature software to the test!
(Originally published on LinkedIn by Shamsh Hadi, CEO and Co-Founder of ZorroSign)
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.
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.
Contact us to learn more . . . or start your free trial to put our digital signature software to the test!
