PixelPlex, a software development company specializing in blockchain solutions, introduces DocFlow – a blockchain insurance document management tool based on Hyperledger that transforms routine and cumbersome processes and makes life easier for managers.
This blockchain-based system digitizes paperwork and, thanks to advanced smart contract mechanisms and a multi-level access restriction system, guarantees increased data security and source reliability.
Before developing the solution, the PixelPlex engineering team analyzed the challenges that office workers face every day. These are the risks associated with online DMSs provided by a third party, a high probability of losing important documents, and time-consuming doc processing. DocFlow was designed to address these challenges and simplify document management.
PixelPlex developers talked about DocFlow’s features, explained how to launch the solution, and shared their plans for the future.
When it comes to features, this blockchain-based solution implies the system instance setup, admin and notary login, and account creation and login for principals and representatives. The application also allows administrators to invite, manage, and remove users. Powers of attorney can be issued, approved, or rejected here.
PixelPlex representatives have highlighted three main capabilities of their DocFlow solution: it increases trust, enables document tracking, and speeds up document processing. They also commented on each of these features.
Here’s what they said about trust and security. Blockchain itself decentralizes and safeguards data storage. Client registration takes place through tokenization, and built-in proof of origin techniques help prevent fraudulent activities. Encryption and hashing also protect information from unauthorized access.
Concerning doc tracking, the engineering team added that DocFlow allows its users to view documents history on time-stamped immutable blocks, and track their usage and ownership. At the same time, this system eliminates intermediaries, which helps companies reduce operating costs.
DocFlow accelerates document management procedures by automating doc processing, issuance, and retrieval. DocFlow’s Kafka consensus algorithm increases transaction validation speed. Thanks to this solution, laborious and time-consuming processes of document reconciliation and approval are also things of the past now.
In the end, the PixelPlex developers shared how they get DocFlow running. First, they launch the software from the side of the blockchain network and initiate a solution from the company’s side (the one using the solution). After that, they register network administrators and users and integrate third-party services if necessary. Having gone through all these simple steps, the company can start working with their documents.
PixelPlex, a software developer, has been building and implementing blockchain solutions since 2013. Although the company is mainly focused on blockchain development, PixelPlex engineers have also gained extensive experience in VR/AR, IoT, AI, cybersecurity, and web accessibility.
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