ShoCard is rolling out a new digital document signing service that leverages blockchain for extra trust and security. The service connects a person’s blockchain-certified digital ID to the document being signed, which will allow other parties to verify that signature no matter how much time has elapsed since it was first created.
“Trustless mechanisms are increasingly becoming the norm as more services begin to realize that blockchains are the best option for storing, securing and transferring proof of data,” said ShoCard founder and CEO Armin Ebrahimi.
Shocard is positioning the new platform in contrast to other blockchain-based digital document services, which can create a record of a digital document but might not be able to prove that it was signed by the person indicated by the signature. The ShoCard platform ties a person’s biometric information and their government ID to the private key on the device used to sign a document, which in turn binds it to the digital ID stored on the blockchain. The result is the digital equivalent of a notary that proves that the document was indeed signed by the proper person.
The ShoCard service is now available as an Andoid app, with a planned iOS version coming soon. ShoCard’s tech pairs blockchain with biometrics, which has previously led to partnerships with OneLogin and Alhamrani for blockchain-based access management and biometric ATMs, respectively.