Online Smart Contracting: Background, Problems & the IOUX Solution

Online Smart Contracting: Background, Problems & the IOUX Solution

Clearly worded, validated and unambiguous contracts reduce the chances of disputes between individuals/organisations (parties) and also assists proper jurisdiction wherever required. However, most developing countries lack efficient mechanism for a timely execution and documentation i.e. legal compliance of a contract between parties which is an essential prerequisite for success and growth in any economy. One of the main reasons behind this failure is absence of or improper contracts between the parties to formalise their agreements.

IOUX Approach towards Online Documents & Digital Contracting

IOUX Approach towards Online Documents & Digital Contracting

IOUX overcomes these limitations by helping users generate smart contracts, from vetted Samples/Draft Agreement or documents, efficiently execute and manage these contracts synchronised in real time. IOUX enables also its users involved in a contract to add/delete expected actions/milestones in those contracts and also, to automatically obligate users to perform the respective functions and duties by periodically sending reminders. IOUX also empowers its users to incorporate negotiable instruments (like promissory notes, and bills of exchange) in contracts. That's how IOUX provides a secured and efficient mechanism for generating and executing a smart contract between two users.

Sign & Execute

eSign from PC or mobile eStamping by IOUX Notarising from IOUX

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eSign and Execute

Track & Manage

Milestone monitoring, Auto reminders Completion Updates, Failure Notices

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Track and Manage

Avail Finance

Cheque / Invoice / Bills Discounting Credit against contract receivables

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Avail Finance