Bitsign Process

Process


BSG Dashboard

Usability for secure transactions. Our dashboard provides a Set of integrated tools that allows our users to use commands and services in an intuitive, safe and efficient way.

Verification of identity of contractors

BSG customers can, by complying with online identity verification procedures and applying KYC and AML processes, access to varying degrees of authentication of their identities. This allows for an expansion of transaction volume, simplifying authentication and identity-testing processes by digital media, providing our system a reduction of transaction costs consisting in the verification of the counterparty identity and reducing in turn the reliable collection.

Attribution of authorship, by assignment of public/private key pair

BSG automatically awards to our customers a digital signature (a pair of public/private keys) with which they can initiate all online transactions.

Proof of transaction terms and conditions

In e-commerce's transaction assumptions, this process of validating terms and conditions of the contract is in charge of BSG, that by means of methods that provide our libraries that run in an automated process, central data of the transaction is absorbed (e.g. parts data, product, price, payment currency, date of fulfilment, etc.), and submits them after signing to a process of encryption and logging in Blockchain.

Blockchain in transaction log

The absorbed and encrypted transactions data are automatically recorded in blockchain. The distributed Ledegers architecture of Blockchain, simultaneously allows public and at the same time anonymous records of the data, i.e., accessible only to the grantor of the transaction or to whom authorizes this. Without knowing more in this regard.

Celebration Time Certification

At the time of the registration of the transaction or document at blockchain, are unfailingly accredits the exact time of its conclusion. As it is a public registry database, the insertion of records subsequent to the transaction or document in question, prevents the alteration of the registration time of the transaction.

Irrefutable proof in case of conflict

The processes described, make up a set of verifiable data by the parties themselves and third parties, so in a case of non-compliance with the agreement, the user has a trustworthy and unquestionable evidence with respect to their rights, and likely to be provided in processes of mediation, arbitration, or trial.

Permanent and online Control of transaction history performed, under absolute privacy conditions

At the time of the registration of the transaction or document at blockchain, the exact moment of its celebration is credited unfailingly. As a public registry database, the insertion of records subsequent to the transaction or document in question, impedes the alteration of the moment of registration of this.

Statistics and metrics of your consumptions and management of processes and transactions

BSG can be configured to issue statistical and metric Consumer Reports to which users can access under the terms and conditions set forth by BSG.