Verifiable Contract | A Beautiful Harmony of Cloud, Web3 & AI

What had started as a proof of concept has now been developed into a full fledged software machine of a platform. Yes, it has been live and operating for a while now but given that we have some time behind us since its launch in June 2023, we thought it would be fair for a little retrospective. And in this retrospective, we would like to address and assess the harmony that has been achieved. This harmony of course is all via the software infrastructures that are shaping our world today. These are cloud computing, blockchain and of course, artificial intelligence. These three tech infrastructures have all managed to find their way within our platform to date. Now, this of course was not the original plan but as with any development project; as momentum is gained, priorities and new phase additions are done.

Initially, the goal was to roll-out a commercial-off-the-shelf (COTS) platform that could accommodate contract life cycle creations and management for various industries and could also store enterprise contract data for these respective industries. That was all we wanted, or better yet, that was all we presumed the market wanted. Sure, we had gotten some use cases given that the platform itself had merit via its rock solid value proposition. That would make any startup a little proud.

But as enterprise markets evolve, the market participants must also evolve with them. And that is how we shifted our plan from something simple to something a little more innovative. As we marked our progress within the platform’s development roadmap, one could only presume that a few constraints would occur right? Yes and no based on the perspective behind the matter of course. Allow me to explain; besides the “mother” platform that is Verifiable Contract, we also built a smaller prototype tailored for the web3 enthusiasts. We allowed this prototypical solution to assess the feasibility of the market by giving strategic demos and trials to a variety of entities within our network.

Most feedback was fair but there were others who noted what the prototype could also have. At first, we received the feedback with a grain of salt. After a couple more assessments, we all agreed that the feedback was indeed an opportunity to grow and not a constraint on our progress due to the fact that wrong feedback could hinder progress. In retrospect, good feedback from them. Now, what they were not aware of was that we were actually building the “mother platform” in tandem with its web3 prototype. Therefore, any vital feedback that they gave, we did not have to shelf and use at a later phase. No. In fact, we could actually take that feedback and use it accordingly to enhance Verifiable Contract. And that is exactly what we did. With that being said, we can verify that these “constraints” were actually accelerants. Good for us.

In a nutshell, one of the key factors to take away from that was the interoperability that was engineered into the platform. We needed the platform to not just work for cloud — whether it be public or private but we also wanted the platform to work with distributed ledger tech, you know web3, blockchain — that stuff. It just had to, or else we knew that we would have missed a vital step. We could not afford that. The time was opportune to leverage each advanced layer of technology that we could to create a platform that will accommodate one of the most vital components in business.

Those components of course are contracts; contracts and documents and the data therein. Yes, many entities prefer a conventional deployment or migration process, but it is still a good value to show what the platform has to offer overall. Perhaps they will evolve in the future. And in that future, we can give them more. Yes, some entities are bound to particular data security protocols due to compliance and regulators but due to the platform’s interoperable nature, we can accommodate them all the same. That was our goal and that is what we are doing.

But that is not all. Everyone who knows anything is aware about the “buzz” surrounding AI. Yes, it is a lot of buzz. But in our realm, this is not just buzz because Artificial Intelligence is bringing real value in a variety of real world scenarios. In our case, Artificial Intelligence enables instant discovery of accurate contract details with our advanced search technology and the effortless extraction and organization of historical contract data, making information retrieval and analysis a breeze. It should be known that those are just two examples. Yupp, a whole lot more where those came from. Those are a whole lot o’ goodies within one contract life cycle management platform.

So with cloud for document accessibility and storage, Web3 for security and AI for optimisation, can it be so? Is the Verifiable Contract platform the ideal union of Cloud, Web3 and Artificial Intelligence? As the use case data compounds, we will find out for ourselves