Doc workflow is without doubt one of the most tedious and error-prone processes in any group, however one which’s vital to operations. Whereas options have been developed that simplify the method and make it extra environment friendly, none has been in a position to combine the safety and transparency of blockchain technology. SeraScript has taken this problem head on, and as its President and founder Dennis Schroder shared at CoinGeek New York, the startup is taking Bitcoin to a complete new market, and thriving at it.
Schroder’s expertise with paper goes again to when he was a child, distributing newspapers in his hometown of Cleveland. Since then, he has been on a life-long mission to eradicate paper, and with SeraScript, he’s doing simply that.
The platform is available in three choices, with the primary being SeraScript 365 which affords lively storage with workflow administration and blockchain integration. The second, SeraScript Vault, affords archival storage, akin to robotically archiving paperwork that expire at a sure time sooner or later. SeraScript 365 with Vault, which is the third product, blends the 2 collectively to supply optimum expertise. They’re all powered by the Bitcoin SV blockchain.
All of SeraScript’s merchandise are constructed to be straightforward and intuitive, Schroder instructed the convention. With 365, makes use of could make as much as 50,000 main revisions, with Vault providing limitless revisions. Customers also can manage their paperwork as they deem match.
SeraScript’s merchandise are constructed on prime of Microsoft 365, a call that Schroder stated was geared in the direction of attracting the massive clientele that makes use of the product.
“85% of the Fortune 500 corporations use this product, so we’re already positioned to have an enormous user-base, and we’ve already acquired a reasonably first rate consumer base with these merchandise. We’ve acquired clients utilizing these merchandise as we communicate,” Schroder stated.
Actual-life influence
SeraScript is already impacting the operations of a number of of its customers. One in every of these is Zyxogen, a microfluidics innovator that has for a very long time “had a damaged course of.” The corporate’s system would see paperwork being despatched from side to side numerous instances to be signed and notarized, with a superb chunk getting misplaced or broken within the course of.
“We eradicated all their inefficient guide programs and processes. They’ve gone from taking a couple of month and a half on a process to doing it in about 4 days, so it’s a reasonably large deal. They now have full management of the doc course of,” Schroder stated.
The corporate additionally helps approval processing for Zyxogen and different purchasers. “Or if we wish to get loopy, we will do full digital signatures. We’ve acquired integrations with two signing corporations which can be constructed proper into the product already,” Schroder acknowledged.
SeraScript has additionally seen nice success in its partnership with Concorde Funding Providers, an SEC-registered funding advisor and broker-dealer. The corporate had about three-quarters of a terabyte price of information strewn throughout an previous and outdated doc platform. SeraScript managed emigrate the information onto a Bitcoin SV-powered platform. Concorde was in a position to enter the information and amend the corrupt or incorrect knowledge, with all adjustments traceable on the BSV blockchain.
“We’ve got all of the adjustments as issues undergo a workflow being instantly posted to the blockchain and hashed in order that it’s 100% verifiable,” he stated.
To raised serve purchasers like Zyxogen and Concorde, each of which function in a extremely regulated sector, SeraScript has sought and gained the approval of among the main watchdogs out there. They embrace being SEC, Monetary Trade Regulatory Authority (FINRA) and Well being Insurance coverage Portability and Accountability Act (HIPAA)-compliant.
Schroder revealed that considered one of its greatest companions within the BSV area is Veridat, the trust-as-a-service firm based by Philip Runyan.
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