The DocuSign CEO estimates the cost of providing the firm’s e-signature and digital identity services are 13X higher using blockchain technology.
Daniel Springer, the chief executive officers at electronic signature technology company DocuSign, says the firm isn’t likely to incorporate additional blockchain technology anytime soon as current infrastructure is far cheaper.
In a Quartz report published yesterday, Springer said the San Francisco-based DocuSign’s 2018 integration of the Ethereum blockchain involved the use of smart contracts with the firm’s e-signature and transaction management service.
According to the CEO, this system resulted in agreements costing roughly $1 each, compared to the usual $0.07 per agreement under DocuSign’s standard encryption measures.