- Crypto / Web3
- DAO / Community
- Ethereum attestation service
Contracts Legal Attestation Protocol
Project Description: Contracts Legal Attestation Protocol
Website Link : https://privaseal.vercel.app/
PrivaSeal Token (PRS): The PrivaSeal project introduces a new ERC-20 token called "PrivaSeal" (PRS). This token serves as both a medium of exchange and a representation of agreement acceptance. Users can hold, transfer, and burn PRS tokens according to their agreement status.
Agreement Creation and Management: The system allows users to create new agreements, define terms, and specify whether agreements are updatable and/or revocable. The terms of an agreement are anchored to the blockchain for transparency and immutability.
Agreement Acceptance: Users can accept or reject agreements. Upon acceptance, users' agreement status is recorded on the blockchain, ensuring a verifiable record of agreement participation. A attestation powered by EAS is also recorded on the blockchain
Agreement Revocation: If specified as revocable, users can revoke their acceptance of an agreement. The system enables users to initiate the revocation process, which is anchored to the blockchain for transparency and auditing purposes.
Integration with External Schemas: PrivaSeal integrates with external schemas to define the structure and format of agreement data. This integration enhances interoperability and allows for the easy adoption of standardized agreement formats.
Attestation and Revocation: PrivaSeal uses the Ethereum Attestation System (EAS) to facilitate attestation and revocation of agreement acceptance. This system ensures that attested agreement data is secure, and it provides mechanisms for validation and revocation when necessary.
Flexible Schema Resolution: The system enables the dynamic resolution of agreement schemas, ensuring that both current and historical terms are properly validated and recorded.
Administrative Roles: PrivaSeal introduces administrative roles such as pauser and minter, enabling specific actions and ensuring proper control over the system's functions.
Upgradeability and Modularity: The contract architecture is designed with upgradability in mind, facilitating potential future improvements and expansions while maintaining the integrity of existing agreements and data.
Transparency: The use of blockchain technology ensures that agreement data, acceptance, and revocation are transparent and tamper-proof.
Efficiency: The automated agreement acceptance process reduces the need for manual validation and tracking, increasing efficiency and reducing administrative overhead.
Security: Agreement data is stored securely on the blockchain, minimizing the risk of data loss, manipulation, or unauthorized access.
Flexibility: Users can choose to accept, reject, or revoke agreements as their circumstances change, maintaining control over their participation.
Interoperability: The integration with external schemas and standardized formats enhances interoperability with other systems and platforms.
Auditability: The blockchain-based system provides an auditable trail of agreement acceptance, revocation, and changes to terms, ensuring compliance and accountability.
PrivaSeal aims to revolutionize the way agreements are managed and accepted, providing a robust and secure solution for individuals and businesses seeking a trustworthy platform for agreement participation. The project's flexibility, transparency, and efficiency make it a valuable tool for various industries and scenarios where agreements play a crucial role.
Deployed on Base Network: https://goerli.basescan.org/address/0xa6a3f542b1f93c8b4019efbcdaf3cc6adb3e51ab and XDC Network
Mohit Bhat: Founder and Developer