Use cases of S3DOC

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s3doc_usecases

We have described here typical cases of using the S3DOC system:

  1. S3DOC as a durable medium
  2. S3DOC as protection for early opening of offers

 

1. S3DOC as a durable medium

If you are covered by MiFID and PSD, you know the problem of a durable medium. S3DOC responds to the problem of providing consumers with essential terms and conditions on a durable medium. A durable medium is a medium that technologically blocks the possibility of modification and removal of documents. The Blockchain platform used in S3DOC and additional cryptographic mechanisms allowed to achieve compliance with the definition of a durable medium.

 

S3DOC features for durable media:

  • allows you to add a document to the system
  • generates a unique document key
  • allows access to the document only through a unique key (no possibility to list the contents of the register with documents)
  • guarantees that the document cannot be modified
  • guarantees that the document cannot be deleted
  • provides lifelong access to the document
  • access to read documents is not restricted in any way (if you know the unique code of the document, you can read it)

 

How to use the system?

Let’s assume we have a bank and a client for that bank. The Bank must provide the customer with the regulations for using the bank account on a durable medium.

  1. The Bank prepares a document with the Regulations
  2. The Bank enters the document with the Regulations into the S3DOC system.
  3. The S3DOC system generates a unique document access key (the key may be available as a unique url link).
  4. The Bank verifies whether a relevant document is held under key.
  5. The Bank sends to the customer (or many customers) by e-mail an url link leading to a document with Terms and Conditions.
  6. The customer receives an email with a unique url link to the document with the Terms and Conditions.
  7. The client clicks on the unique url link and downloads the document. This operation may also be performed after the term of the agreement with the Bank.

 

2. S3DOC as protection against early opening of tenders

Each action has several important dates in the cycle. These include, inter alia, the deadline for the submission of tenders and the deadline for the opening of tenders. The first term is easy to verify. The easiest way to do this is to temporarily switch off the bidding function after the specified deadline.
It is worse to protect against the opening of bids before the deadline set in the tender expires. Earlier access to offers makes it possible to manipulate the results of tender procedures. Despite the many different security measures in standard solutions, there is always an administrator who has access to everything in the system, including complex offers.
The S3DOC system solves the problem of unauthorized early opening of tenders.

 

S3DOC features for secure offers

  • allows you to add a document to the system
  • documents are divided into blocks and saved in a way that makes it impossible for the administrator to view them (only the system knows the algorithm of combining blocks into a whole)
  • access to documents may be limited in time (documents accessible only after the specified time limit)
  • generates a unique document key
  • allows access to the document only through a unique key (no possibility to list the contents of the register with documents)
  • guarantees that the document cannot be modified
  • guarantees that the document cannot be deleted
  • provides lifelong access to the document

 

How to use the system?

Suppose we have a Purchaser and a Supplier making an offer. The definition of a tender procedure stipulates that a tender is submitted in S3DOC and that the procedure is accompanied by unique document codes received from S3DOC.

  1. The Purchaser shall launch the procurement procedure
  2. Supplier adds the offer document to the S3DOC system by setting the opening date of the offer
  3. The S3DOC system generates a unique document access key (the key may be available as a unique url link).
  4. The Supplier shall provide the Purchaser the document codes from the S3DOC system.
  5. The S3DOC system blocks access to documents until the deadline for opening offers is reached.
  6. After the deadline for opening the offers has expired, the Purchaser shall collect the documents using the document codes received from the Supplier.