Twala offers a secure electronic signature solution that utilizes blockchain technology and smart contracts to ensure legally binding document signing. This platform addresses the inefficiencies of traditional paper-based agreements by enabling fast, tamper-proof digital signatures that comply with various eSignature laws globally.
Funding
Funding not disclosed
Founders
Product
Problem
Traditional methods of document signing rely on paper-based agreements, leading to inefficiencies, delays, and increased costs. Ensuring the security and legal validity of these agreements can also be challenging.
Solution
Twala offers a secure electronic signature and digital identity solution leveraging blockchain technology and smart contracts to provide legally binding and tamper-proof document signing. The platform enables users to digitally transform their agreement workflows, reducing turnaround time and costs while ensuring compliance with eSignature laws. Twala's solution extends beyond basic e-signatures to offer a full intelligent document management system with secure forms, cloud storage, document verification, audit trails, and AI-powered document processing. Additionally, Twala provides a digital identity solution that allows individuals to prove their identity without revealing sensitive personal information, enhancing privacy and security.
Target Audience
Twala targets businesses across various industries, including human resources, finance, accounting, legal, education, real estate, and sales, as well as government institutions seeking to streamline document signing and identity verification processes.
Features
- Legally binding e-signatures compliant with various eSignature laws (e.g., ESIGN, UETA, eIDAS) and the Philippines’ Electronic Commerce Act
- Tamper-proof digital signatures powered by blockchain smart contracts and PKI technology
- AI-powered ID verification process using government-issued IDs and selfies
- Hashproof Technology to ensure document integrity
- Passwordless authentication/login via QR code or push notification
- SOC 1 Type II, SOC 2 Type I, and ISO 27001 certified data centers with AES 256-bit encryption for data storage
- Digital identity solution with Zero Knowledge Proof technology for privacy-focused identity verification
- Support for verifiable credentials such as employment records and academic credentials