Lizard Global's Works

HODL

Secure, traceable blockchain contracts

Services

Industry

Project Background

Contract Chain is a desktop application for companies to manage the signing and storing of contracts powered by data-securing blockchain technology.

Challenges

Currently, organizations must inform and justify to customers how their personal data is processed and stored. These organizations are fully responsible for how personal information is processed and stored online. In order to make sure all data of internal processes are handled securely, companies need to have all information stored in a so-called processor agreement. This can be done on paper, but companies with a lot of processing agreements tend to struggle with keeping track of all agreements while ensuring that every document is up-to-date. This struggle asked for a sustainable solution which both simplifies the process of managing digital contracts, as well as optimizing the protection of all user data.

Problem solving with design thinking workshop

Together with HODL, Lizard Global developed the Contract Chain app, which allows organisations to manage, review, and sign contracts in a digital environment. By using blockchain technology, these contracts once reviewed and signed are traceable, transparent and irreversible, making it one of the most secure contract signing tools in the world.

Key features

Contract management

Contract Chain is developed to efficiently manage the creation, managing, signing, and storing of contracts in a user-friendly desktop environment.

Blockchain technology

Blockchain technology was incorporated into the application such that, once reviewed and signed, they are traceable, transparent and irreversible.

Collaborative Rich Text Editor

The integrated document editor is a Rich Text Editor which allows admins to collaboratively create, view, and edit documents.

The impact

Secure Digital Contracting

Utilizing blockchain, ContractChain ensures contracts are tamper-proof and verifiable.

Efficient Contract Management

Organizations can create, manage, and sign contracts digitally, streamlining workflows.

Transparent Audit Trails

Every contract action is recorded on the blockchain, providing clear audit trails for compliance.

Conclusion

Our partnership with HODL proved to be a unique opportunity to apply the technical expertise of Lizard Global with which we created Contract Chain. Where HODL gave input from an HR perspective, we applied our knowledge of blockchain technology and smart contracts in order to create a user-friendly desktop environment for the secured handling of contracts within companies.

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