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BLOCKTRACTS

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What is Contract Advantage?

Great Minds Software has developed a comprehensive suite known as Contract Advantage, tailored to address the unique challenges faced by various industries in contract management. This suite comprises three primary products: Contract Advantage WebEssentials, Contract Advantage WebPro, and Contract Advantage WebElite. This integrated tool facilitates seamless tracking of vital information, including involved parties, terms, deadlines, deliverables, and related documents. Key functionalities encompass effective document management, robust contract oversight, automated document assembly, a thorough audit trail for history tracking, and advanced multilayered security measures, among others. By utilizing this software, organizations can enhance their efficiency and compliance in handling contracts. Additionally, users benefit from a user-friendly interface that simplifies the management process for all stakeholders involved.

What is BLOCKTRACTS?

Effectively managing complex contracts on a global level is crucial for minimizing unnecessary costs associated with both government organizations and private companies. The integration of AI technology enhances the management of contracts in both B2B and B2C sectors, streamlining processes significantly. Users can upload and securely store contracts while also enabling customer signatures through comprehensive Know Your Customer (KYC) protocols. With BLOCKTRACTS, each contract's transaction history is meticulously logged on the blockchain, ensuring enhanced transparency and traceability throughout the process. Any changes made to the contracts are clearly indicated, and the original documents are secured on the InterPlanetary File System (IPFS). This groundbreaking dual system effectively eliminates ambiguity and reduces the potential for fraud, thereby preserving an immutable record of contract history. Additionally, contracts are reliably backed up on high-security servers situated in Germany, the USA, and Singapore, allowing attorneys secure access for necessary legal review and support. By merging blockchain technology with AI capabilities, BLOCKTRACTS revolutionizes contract management, providing an efficient, transparent, and tamper-proof framework for both the creation and enforcement of contracts. This innovative approach signifies a major leap forward in the management and execution of contracts on a global scale, ultimately transforming traditional practices.