Signaturit has received funding from the European Union’s Horizon 2020 research and innovation programme under grant agreement Nº 778550, thanks to which we are developing four innovative projects.
With these projects we want to be a reference in providing trust services in Europe with a double goal: contributing to the digital transformation that European companies need to remain competitive and to be a key element in the cross-border electronic barriers in the EU.
In this post we want to focus on these projects and what it means for the future of our company and the entire European economic community.
This post is also available in Spanish
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In the coming years, all companies must adopt new technological tools if they want to enjoy their competitive advantages. Now the processes inside and outside them can be more intuitive and at the same time maintain all the legal guarantees thanks to the eIDAS Regulation.
Electronic signatures, time stamps, certified communications, etc., are accelerating due to the rapid evolution of consumer technology and the need to reduce costs in transactions between citizens, companies and public institutions.
In Signaturit we want to provide the leading technology within the electronic services of trust but we want to go further. In addition, thanks to the support of the EU, we seek to cover the entire contractual process online with Blockchain and Machine Learning technology, paying special attention and care to our customers.
The general objective of our project together with the H2020 is to demonstrate the technical and economic viability of our web and mobile platform capable of functioning as a trustworthy service, for the creation, verification, validation, management and conservation of documents electronically signed in the cloud and continue to evolve as an innovative company.
Below we provide a perspective of our projects within this European program and some of the first results that we have already implemented within our target market.
Project 1 Qualified electronic signatures, official time stamps and electronic delivery services
In this project our objective is to carry out all the development and configuration tasks necessary to enable qualified electronic signatures, qualified electronic time stamps and electronic delivery services.
At present, we have received the Qualified Provider certification which enables us to issue qualified electronic time stamps, our next goal being to offer the service of issuing qualified electronic certificates of electronic signature and the qualified service of certified electronic delivery in 2019.
Project 2 Blockchain and Smart Contracts
Thanks to the support of the H2020 project, we have been able to develop the necessary technology in terms of Blockchain and Samart Contracts in order to offer these products in the market.
In fact, in Signaturit we have developed in collaboration with DAS Seguros a service based on Smart Contracts, which allow to automate and simplify the execution of policies for non-payment of rent.
The Smart Contracts of Signaturit and DAS Seguros allow to automate and facilitate the payment of policies, the sending of notifications and the renewal of contracts, offering also traceability of all the actions carried out from the entry into force of a contract until its completion.
Thus, the processes are faster and more comfortable for both parties and the execution of the compensation will be carried out with greater speed and confidence.
In this way, we increase the security offered by traditional contracts, while reducing the costs and time associated with this type of transaction.
Although this technological product can be seen on the occasion of policies whose purpose is leases, our medium-term objective is to ensure that all types of companies can take advantage of Blockchain's potential through the use of this type of contract.
Development of software for automatic recognition and data extraction of all European identity documents.
To provide more security to the transactions carried out through our platform, we will develop optical character recognition (OCR) technology capable of reading the content of European identity documents.
This technology will allow us to extract and validate all the information contained in an identity document from a photograph of it. To create this technology we will use the Tesseract library, which is an OCR engine for images.
Project 4 Machine Learning
Thanks to program H2020 we will incorporate Machine Learning technology to our platform to offer a faster and more efficient service to our customers.
Signaturit stores a large amount of data on our platform, in the form of PDF files. Each time a user sends a document all its content is available to Signaturit.
Given this huge amount of data, we believe that its exploitation would represent a great competitive advantage for our product over the products of our competitors.
By applying machine learning algorithms to this information we can predict future events that will help our clients make decisions for their benefit.
All the team at Signaturit are working every day to continue to be the reference company in our sector within the European Union. That is why we are very happy for the support that it was for us to have been selected by the Horizon 2020 program, not only financially, but in recognition of our proposal of innovation in the field of trust services.
Thanks to the H2020 our business plan has evolved, being able to offer the European community leading products that satisfy business needs and provide us with a satisfactory growth in the company.
If you want to know more about our projects you can contact us by sending an email to firstname.lastname@example.org or call us at +31 20 808 62 03.
If you specifically want to know the details of our Blockchain product and the Smart Contracts for the non-payment insurance that we have developed together with DAS Seguros, do not hesitate to download the following use case.
This post is also available in Spanish.
This project has received funding from the European Union’s Horizon 2020 research and innovation programme under grant agreement Nº 778550