VeChain

SOLUTION

Electronic Document Management Solution

For Enterprises and Governments

Co-developed by VeChain and its partners, Electronic Certificate/ Document Deposit Solution is a document management solution based on blockchain technology that can help to manage documents, bills, certificates and contracts . The digitized certificates, licenses, and contracts are stored on the VeChainThor Blockchain after being verified by a certification authority. By utilizing blockchain technology, we can eradicate the malicious act of counterfeiting paper-based certificates, bills, contacts, and provide authentic data for government agencies and financial service providers.

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BUSINESS CHALLENGES

Industry Problems and Pain Points

Paper documents are vulnerable to counterfeiting

It's easy to forge paper certificates, contracts, and other documents. In the meantime, certification processes can be complex and time-consuming, thus making it possible for criminals to engage in fraud.

Paper documents are vulnerable to losses and damages

Traditional means of document storage such as paper-based document storage and centralized databases present a risk of losses or damages, resulting in heavy losses to the document owner.

No support for cross-platform cooperation

Each participant only saves the data of its own business, cross-platform data sharing are presented with various problems such as complex administrative processes, ineffective data exchange and sharing schemes, and business delays.

VECHAIN

Solution Overview

Through the electronic certificate collection system, we can transfer any paper document into a digital paper, and achieve the highest level of security and encryption by utilizing various security technologies.
The digital certificates will be stored on the VeChainThor Blockchain. The owners of the electronic certificates can authorize relevant parties to access the electronic certificates stored on the blockchain to verify the authenticity of the document, they can also share the digital certificates with parties in need.
By comparing the paper document and the digital document stored on the VeChainThor Blockchain, government agencies and banks are enabled to conduct rapid verification of the relevant documents. For judicial, arbitration, auditing and other institutions, the electronic certificate stored on the blockchain can be used directly as digital evidence, fast and valid.

Preventing counterfeiting

The electronic certificates stored on the blockchain are time-stamped and electronically signed. This solution permits full immutability of the content of the certificate, and improves its authenticity and security as well.

Secure storage

The electronic documents stored on the blockchain are complete, secure and reliable.

Flexible sharing

With the owner's authorization, electronic certificates can be shared in an efficient, authentic, and effective manner.

Improve the efficiency of evidence obtaining

The data stored on the blockchain can be shared in a rapid manner, thus reducing the time needed for evidence obtaining, optimizing the arbitration process, and improving the efficiency of multi-party collaboration.