DocChain solves the problem of inefficient and insecure management of documents by using blockchain technology to:
- Ensure data integrity, traceability, security, and trustability of documents
- Reduce the costs and risks of document verification and certification
- Enhance the user experience and privacy of document management
DocChain provides a provide a reliable and cost-effective way to certify the authenticity and validity of documents using blockchain technology. This can eliminate the need for physical stamps, seals, or signatures, as well as enhance the trust and confidence of users and recipients of the documents.
The market value or potential of blockchain for document management is expected to grow significantly in the coming years, as more businesses and industries adopt this technology to improve their efficiency, transparency, and security. According to a report by Grand View Research , the global blockchain technology market size was estimated at USD 10.02 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 87.7% from 2023 to 2030. The report also identifies document management as one of the key applications of blockchain technology across various sectors, such as finance, healthcare, supply chain, government, and media.