Global News
Seal Software, the leading provider of contract discovery and analytics software, is pleased to announce its partnership with Coin Sciences, the open source blockchain company and the use of its MultiChain private blockchain as a key component of the award-winning Seal Contract Discovery and Analytics platform.
Seal is using the advanced streams functionality of MultiChain as a basis for the peer-to-peer management of its intelligent contracts.
With the recent release of Seal Version 5, Seal Software introduced new machine learning models and capabilities to extend its already market-leading contract discovery capability. The new models released within Seal Version 5 include methods to automatically detect and link contracts based on discreet relational information within each document. Additionally, Seal detects missing amendments and timelines the chain of contracts.
With the addition of MultiChain to drive Seal’s Intelligent Contracts solution, Seal can automatically place contracts and their terms onto a sliding window, providing a virtual view of a contract’s state at any given point in time in a single view. By combining Seal’s machine learning framework with the MultiChain private blockchain, a distributed and trusted single view of a contract’s terms and conditions can be shared, negotiated and managed securely between all the parties involved in a multiparty contract.
Kevin Gidney, Seal’s CTO and Co-Founder commented, “Bringing two advanced technologies together like this takes the use of AI-based contract analytics to a whole new level. I am delighted to be working with Coin Sciences and their MultiChain platform on this opportunity.”
Dr. Gideon Greenspan, the CEO and Co-Founder of Coin Sciences said “We’re delighted that Seal Software will be using MultiChain as a shared data layer for their market-leading platform. Seal is already at the cutting edge of analyzing contracts that represent complex multiparty relationships. By integrating with MultiChain, Seal’s platform can be extended to orchestrate the multiparty negotiation and management of such contracts on a peer-to-peer basis. This collaboration validates our view that blockchains have uses far beyond cryptocurrencies and the finance sector.”
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