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2.1 About Tailor Made Platforms
5. The Problem
5.1 Early Limitations
5.2 Cost & Time
6. The Solution
7. The Legal Document Market
7.1 Blockchain & Legal Documents
8. Platform Revenue Streams
8.1 User Income
9. Characteristics & Advantages
10. Platform Use
11. Next Steps
This report has been created for legal professionals, organisations,
and individuals, discussing the long term viability of self customised
smart legal documents on the blockchain. Specifically, the report
will focus on the DocTailor automated platform, considering the
technology’s ability to position itself in such a way as to boost,
innovate, and disrupt the current and existing tailor made legal
2. About DocTailor
There is notable demand for smart contracts, although few are
making use of the services that have already been made available. In
fact, while almost half of all senior executives believe there is value
in smart contracts on the blockchain, and while they would be happy
to use a smart contract service, reports suggest that just 13% have
actually incorporated the technology into their work. This highlights
the fact that there is something missing from existing services which
is preventing widespread adoption.
Use of Sma...
The creation of smart legal documents is currently posing a challenge
for many organisations and individuals, particularly for those with
limited developer experience. The concept has been criticised for
being both costly and time consuming. DocTailor aims to address
these common issues and concerns.
DocTailor is a unique, automated legal document platform
facilitating the creation and distribution of self customised smart
legal documents on the blockchain. DocTailor has been designed to
simplify implementation of a smart contract, significantly reducing
associated time and cost for users.
DocTailor has been developed by a blockchain-experienced team,
striving to utilise the groundbreaking technology in new and
revolutionary ways. Many of the team’s developers have joined
DocTailor from artificial intelligence (AI) backgrounds, working to
further develop the idea through AI-focused systems.
2.1 About Tailor Made Platforms
This report has been created for legal professi...
The DocTailor platform will enable all users, regardless of developer
experience, to deploy legal documents with an integrated smart
contract feature. The technology’s aim is to create a new ecosystem
designed to demonstrate ways in which blockchain advancements
can be utilised in the legal industry.
DocTailor aims to:
• Improve accessibility of customised smart contracts
• Boost ease of smart contract development, acquisition, and distribution
• Offer easy payment options, storing both cryptocurrencies and fiat money
• Facilitate use of the DocTailor DOCS token and/or other cryptocurrencies
• Operate on a P2P, B2C, and B2B basis as necessary
• Integrate with business infrastructure to bring value to real world situations
• Manage and monitor deployed smart contracts and blockchains
The introduction of the DocTailor platform coincides with an
increase in concern regarding the low adoption rates of blockchain
technology. Reports show that aroun...
Blockchain Adoption by Industry,
There are several challenges which have been cited as primary
obstacles hindering widespread blockchain adoption, including
integration issues, a lack of expertise within the newly emerged
industry, high costs, volatility, and concerns relating to consumer
protection which have not yet been addressed.
While specific aspects of these concerns have been addressed,
through the launch of suitable multi-currency wallets and crypto
debit options with backend liquidity, more needs to be done to tackle
the ‘last mile’ of blockchain adoption. Key to bringing blockchain
into day-to-day life is arguably the ability to build and deploy smart
contracts alongside payments made using various cryptocurrencies.
This is an aspect which has already been addressed in terms of
standard digital payments, with smart contract solutions in place
via service providers such as Paypal and Visa. These contracts offer
The cryptocurrency market is anticipated to grow from a current
$730 billion value to $10 trillion within the next 15 years
the importance of holders of cryptocurrency as an integral part
of a new, decentralised economy. Total cryptocurrency market
capitalisation has been steadily growing in recent years.
Cryptocurrency by Market Cap
This economy will rely heavily upon self automated, tailor made
legal agreements and smart contracts. DocTailor’s mission is to
lay the foundations for this new economy by enabling non-crypto
businesses to fully utilise blockchain technology, while simultaneously
encouraging the acceleration of crypto-business.
2 One stock analyst’s $10 trillion bull case for cryptocurrencies, Cheng, E., CNBC, January 2018,
5. The Problem
Blockchain technology remains a relatively new and undiscovered
concept; a fact which is, in part, responsible for the current low
adoption rates that have been witnessed. Many businesses and
consumers are still not fully onboard with the notion, and blockchain
has become something of a controversial topic, despite the many
clear benefits that this sort of technology promises to deliver.
However, some areas of blockchain are more widely accepted than
others. For example, research suggests that the notion of storing
personal data on the blockchain is still many years away from
widespread adoption, with many believing it will take around 10
years for this to become mainstream practice.
The public are, however, somewhat more open minded about smart
contracts on the blockchain, with this utlisation of the technology
estimated to become mainstream practice within 5 years.
When Will Blockchain Technology
5.1 Early Limitations
As is clear, the existing range of blockchain applications is severely
limited. To date, applications are primarily focused on wallets and
online exchanges, although there are a small number of smart
contract services and monitoring tools available. However, despite
their availability and, indeed, their demand — the value of smart
contract deals reached $116 million during the first three months of
2016; more than twice the value of deals during the last quarter of
— these services often fail in terms of overall user experience.
This is a factor that can be directly attributed to confusion and low
Additionally, as there are limited smart contract applications, there is
also limited demand for the necessary skills and experience required
to develop such platforms. There is a notable disconnect between
what is happening, and what needs to happen, to get blockchain
technology off the ground. A solution is urgently re...
Research & Planning.
March, 31st 2018
Platform Alpha Testing.
Beta Platform Launch.
DocTailor Platform Launch.