The growth of cryptocurrencies has reduced the inefficiencies of several blockchains due to network congestion. As a result, crypto transactions have become costlier and slower. Managing these transactions manually and keeping a regular check on the validation and expiration of contracts is a tedious task, to say the least. Luckily, Sparksen has a solution for this problem along with several other features.
Sparksen is the next-generation digital signing platform that speeds up contract signing, due diligence, and file validation processes and gives the users ease of mind. The platform validates important contracts, invoices, intellectual properties, identities, and more on blockchain to create a permanent record of the activity.
What does Sparksen offer?
Sparksen is a due diligence software-as-a-service platform that helps users to record intellectual property on the blockchain to create a permanent record of the activities of the document. The intellectual property can also be minted into a Non-fungible token (NFT) as a transferable asset.
Here is a comprehensive list of features offered by Sparksen:
Creating collaborative and secure digital working environment
Onboarding clients in a regulatory compliant manner.
Manage time-sensitives files online with ease.
Collate evidence for legal cases.
Record property deeds and transactions on blockchain.
Sending invoices to customers on Sparksen.
Recording covid data for individuals on blockchain to make it immutable.
Recording proof of ownership and origin of a digital property.
Recording proof of ownership of physical assets.
Making company records tamper-proof.
Managing supply chain relations more efficiently.
Mint NFTs.
Sparksen offers an intuitive dashboard with an inbuilt traffic light system to manage expiry date, validator info, and workflow of the documents. This dashboard helps users easily manage time-sensitive files such as contracts with an expiration date as it notifies the users before the expiry date.
The platform is beneficial in collecting evidence for legal cases as all the data stored on the blockchain is immutable and ensures an untampered chain of activity for the asset. Moreover, document and file owners can have them verified by all the parties beforehand using collaborative workspaces offered by Sparksen to save time and effort.
Sparksen allows self-certified and third-party validation of files and simultaneously stores its results on blockchain. Users can also record, validate, and sign contracts, invoices, accounts, references, qualifications, intellectual property, identities, audio and video files.
All of these services combined provide the user a hassle-free and secure platform to automatically manage different aspects of contract validation with the security and reliability of blockchain technology.
Sparksen supports various storage formats such as PDF, JPEG, PNG, DOCX, XLSX, PPT, MOV, and MPV. Users can create projects with user authentication and assign project access after uploading documents in the aforementioned formats. Sparksen offers two-factor user authentication powered with 60 second 6 digit token for the complete security of users.
Sparksen also offers services for KYC and anti-money laundering checks.
The business model of Sparksen is powered by the following principles.
Reduced costs using automation technology.
Utilizing blockchain technology to create an irrefutable record.
Creating a mutual space for multiple parties to engage.
Dynamic reporting automatically identifies risks such as conditions change.
The ability to mint validated files into NFT to create a transferable asset.
Sparksen, despite being a blockchain-based platform, has utility in several industries. Brands such as IBM support Sparksen’s claim to be the next-generation digital signing platform. To learn more about Sparksen, visit https://www.Sparksen.website/#.
