Doc workflow is likely 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 an entire 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 energetic storage with workflow administration and blockchain integration. The second, SeraScript Vault, affords archival storage, similar to routinely 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 advised 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 mentioned was geared in direction of attracting the big clientele that makes use of the product.
“85% of the Fortune 500 firms use this product, so we’re already positioned to have an enormous user-base, and we’ve already received a reasonably first rate person base with these merchandise. We’ve received prospects utilizing these merchandise as we converse,” Schroder mentioned.
SeraScript is already impacting the operations of a number of of its customers. Considered one 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 back and forth numerous instances to be signed and notarized, with a superb chunk getting misplaced or broken within the course of.
“We eradicated all their inefficient handbook techniques 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 fairly large deal. They now have full management of the doc course of,” Schroder mentioned.
The corporate additionally helps approval processing for Zyxogen and different shoppers. “Or if we wish to get loopy, we will do full digital signatures. We’ve received integrations with two signing firms which might be constructed proper into the product already,” Schroder acknowledged.
SeraScript has additionally seen nice success in its partnership with Concorde Funding Companies, an SEC-registered funding advisor and broker-dealer. The corporate had about three-quarters of a terabyte price of knowledge strewn throughout an previous and outdated doc platform. SeraScript managed emigrate the info onto a Bitcoin SV-powered platform. Concorde was ready to enter the info and amend the corrupt or incorrect knowledge, with all modifications traceable on the BSV blockchain.
“We’ve got all of the modifications as issues undergo a workflow being instantly posted to the blockchain and hashed in order that it’s 100% verifiable,” he mentioned.
To raised serve shoppers like Zyxogen and Concorde, each of which function in a extremely regulated sector, SeraScript has sought and gained the approval of a number of the main watchdogs available in the market. They embrace being SEC, Monetary Trade Regulatory Authority (FINRA) and Well being Insurance coverage Portability and Accountability Act (HIPAA)-compliant.
Schroder revealed that certainly 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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