Trust is the basis for transactions and professional cooperation. Data exchanged between the parties and used by them as a basis of information is a major building block of trust in bilateral and multilateral business relations.
Especially in the case of important contract negotiations, a great deal of information is exchanged between the contracting parties. Usually, several communication and documentation management systems (DMS) are used for this purpose. Every communication channel and every document (individually or in its entirety) of the DMS can be secured with our solutions in a way that is transparent and audit-proof for both sides. Our team of experts also deals with applications in the area of supply chains, identity and access management systems, proof of copyright and the protection of public registers.
Trust is also essential after completion of a due diligence and the underlying transactions. The audited documents are usually loaded into a virtual data room, which is closed on a certain key date before the transaction is closed. In the event of a legal dispute, the entire data room is burned onto DVDs on the closing date of the data room in order to provide subsequent evidence of the disclosure status at that time based on the virtual data room. Such DVDs can be manipulated, destroyed or faulty. Therefore, better use our Wider Digital Trust technology to provide objective and transparent proof of the data room status.
We would be happy to give you more information about this use case and a possible implementation in your company at any time, just contact us!