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Development of Blockchain-Based Contract Management Platform
  1. case
  2. Development of Blockchain-Based Contract Management Platform

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Development of Blockchain-Based Contract Management Platform

lizard.global
Financial services
Legal
Information technology

Challenges in Traditional Contract Management

Organizations struggle with maintaining secure, up-to-date processor agreements for data handling compliance. Paper-based systems create tracking difficulties, while digital solutions lack sufficient security and auditability for sensitive legal documents.

About the Client

Fintech company specializing in blockchain solutions for secure digital contract management

Key Project Goals

  • Digitize contract creation and management processes
  • Implement blockchain-based authentication and audit trails
  • Ensure GDPR compliance through immutable data handling
  • Provide real-time collaboration capabilities
  • Reduce administrative overhead in contract management

Core System Requirements

  • Smart contract creation wizard
  • Blockchain-anchored document verification
  • Multi-party digital signature workflow
  • Version-controlled document repository
  • Collaborative rich-text document editor
  • Automated compliance audit trails

Technology Stack

Blockchain framework (Hyperledger Fabric/Ethereum)
Smart contract development (Solidity)
Decentralized storage (IPFS)
Web3.js integration library
React.js frontend framework

System Integrations

  • Identity verification services (KYC/AML)
  • Cloud storage APIs
  • Legal compliance databases
  • Existing ERP systems

Non-Functional Requirements

  • Military-grade encryption for data at rest/motion
  • 99.99% system availability SLA
  • Support for 10,000+ concurrent users
  • Immutable audit logs
  • Multi-tenancy architecture

Expected Business Impact

Implementation of blockchain-based contract management will reduce document processing time by 60%, eliminate 95% of administrative errors, and ensure full compliance with data protection regulations. The decentralized architecture will reduce reliance on intermediaries, cutting operational costs by 40% while enhancing document security and auditability.

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