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by umanwizard
1666 days ago
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> it’s extremely difficult for your counterparty to claim that he didn’t sign your term sheet if he changes his mind. you just point to some record on the blockchain and say “this has your digital signature on it. it says you agreed to those terms, and it was published at <date/time>”. Private keys can be compromised, just like a hypothetical DocuSign user’s e-mail account. A blockchain attestation just proves the terms were agreed to by someone with access to a particular private key, not who that person is or whether they had the legal right to do so. |
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