This invention describes a software system for managing digital documents and agreements on a private distributed ledger. It works by establishing a document with an initial state, then proposing and validating changes to that state, which are then recorded on the ledger. The system specifically focuses on executing and settling electronic contracts using cryptographic security and cloud-based data management for certified users.
Why it matters: Filed as enterprise distributed ledger technology was gaining traction, the subsequent years have seen significant advancements in the maturity and standardization of private DLT frameworks and cloud orchestration tools. This makes the complex deployment of such a system more streamlined and accessible today.
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