Primechain-CONTRACT. 16 th March A private blockchain for contract management - secure storage, authen8ca8on & verifica8on. Save?

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1 Primechain-CONTRACT A private blockchain for contract management - secure storage, authen8ca8on & verifica8on. 16 th March Private blockchain Source code with license to modify Run on your cloud or on-premise You have 100% control over your data Save?me and money

2 Background Companies enter into thousands of contracts with their vendors, partners, customers and employees. Contracts can have huge legal and financial implications and hence it is essential for all companies to have a robust paper-less contract management system. Common contracts include Non-Disclosure Agreements (NDA), Employment Agreements, Joint Venture Agreement, Leases, Non-compete Agreements, Licensing Contracts, Bills of Sale, Promissory notes and many more.

3 Pain points 1. Paper-based contracts suffer from several inherent problems including the need for physical storage space, high costs & inconvenience of transportation. 2. Paper-based contracts are prone to damage due to heat, dust, water and other factors. 3. Authentication and verification of the contents of paper-based contracts is very challenging signatures can be forged, unauthorised pages can be inserted into large signed documents, hand-written documents may contain illegible handwriting etc. 4. Sending documents physically for signatures by different counter-parties involves cost & time. 5. Conventional digital signatures require additional tools, and require purchase of digital signature certificates. 6. Revoking a conventional digital signature certificate invalidates all previously signed documents.

4 Primechain-CONTRACT Primechain-CONTRACT is a permissioned, private, blockchain-powered solution for contract management - secure storage, authentication & verification. Primechain-CONTRACT can be setup on: 1. Your public / private cloud. 2. Your servers on-premise In both options: 1. You have 100% control over all your data 2. Source code is provided with license to modify

5 Key benefits of Primechain-CONTRACT 1. Allow personnel to access contracts anywhere, anytime using mobile devices. 2. Ensure the protection of sensitive personal data and information. 3. Quickly disseminate updated policies and procedures. 4. Review and approve contracts faster. 5. Reduce regulatory risk. 6. Enable senior management to take better decisions. 7. Access the information you need, in seconds! 8. Improve efficiency in sharing and collaboration. 9. Vastly improve speed and efficiency of the contracting process. 10. Improve the ediscovery process. 11. Ensure that everyone has the "right" version of each document. 12. Improve and secure the sharing and collaboration process.

6 Key features of Primechain-CONTRACT 1. Storing contracts / documents in a private permissioned blockchain with provable immutability. 2. Uploading contracts / documents in file formats. 3. Inviting unlimited users to digitally sign contracts. 4. Searching for stored contracts / documents based on meta data such as title, type and description. 5. Digitally signing contracts / documents using blockchain generated private keys. 6. Using signing codes, sent via sms / to ensure identity of signers. 7. Verifying digitally signed contracts / documents using blockchain generated public keys. 8. Creating quick contracts based on pre-approved templates. 9. Viewing the signature status of contracts / documents. 10. Generating detailed reports.

7 Type API Sample application with source code Node on shared blockchain Suitable for intra-organization use (within the organization) Suitable for inter-organization use (shared by multiple organizations) Integration training Availability

8 How it works Step-by-step guide

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37 Primechain Technologies 1. Primechain Technologies is a global blockchain company that operates the BankChain community of banks for exploring, building and implementing blockchain solutions. 2. Primechain maintains the Blockchain Security Controls, the open source YobiChain project and Primechain-CONTRACT a private blockchain based solution for document storage, authentication, and verification. 3. Primechain is also developing the world s first multi-node, preconfigured blockchain appliance. 4. Primechain solutions are relevant for various sectors including Banking & Financial Services, Government, Healthcare & Pharmaceuticals, Insurance, Manufacturing, Aviation, Shipping & Logistics, Telecommunications, Defence & Military.

38 What is blockchain technology? Distributed Ledger Technology 1. A blockchain is a peer-to-peer network that timestamps transactions by hashing them into an ongoing chain of hashbased proof-of-work. Blockchain is the technology on which the Bitcoin crypto-currency runs. Blockchain All blockchains are distributed ledgers. All distributed ledgers are not blockchains. 2. Blockchain is an innovative mix of decades old, tried and tested technologies including Public key cryptography (1970s), Cryptographic hash functions (1970s) and Proof-of-work (1990s). 3. Blockchains are provably immutable and enable the rapid transfer and exchange of crypto-tokens (which can represent assets) without the need for separate clearing, settlement and reconciliation.

39 What is blockchain technology..? Permissioned Permissionless 4. Blockchain technology can enable excluded people to enter the global economy, protect the privacy of participants, allow people to "monetize their own information", and provide the capability to ensure creators are compensated for their intellectual property. 5. Multichain is one of the most popular blockchain frameworks. Private Shared 6. Blockchain solutions can be: Permissioned (only selected entities can connect). Permissioned blockchains can be private (one entity controls all the nodes) or shared (multiple entities control nodes) Permissionless (any entity can connect)

40 Why blockchain? Higher Security Lower cost Transparency Blockchain removes the characteristic of infinite reproducibility from a digital asset. It confirms that each unit of value was transferred only once, solving the long-standing problem of double spending. A blockchain can assign title rights because it provides a record that compels offer and acceptance. By storing data across its network, a blockchain eliminates the risks that come with data being held centrally. Automated reconciliation 4 04 A blockchain lacks centralized points of vulnerability that hackers can exploit. It has no central point of failure. 40

41 Primechain Technologies 1. Primechain Technologies was founded in August We operate BankChain, a community of banks for exploring, building and implementing blockchain solutions. Formed in February 2017 with State Bank of India (one of the largest banks in the world) being the first member, BankChain now has 32 members globally. 3. We are working closely with Microsoft, Intel, IBM and Dell. 4. We maintain Primechain-BSC: Blockchain Security Controls, the world s first security controls and recommendations for blockchain implementations. 5. We are developing Primechain BOX, the world s first multi-node, pre-configured blockchain appliance.

42 Primechain Technologies We have filed for a provisional US patent titled "Transparent self-managing Know Your Customer (KYC) program using blockchain and smart contracts. 7. YobiChain, our open source project, enables anyone to build a private blockchain ecosystem preloaded with development tools, database, web & FTP servers and blockchain proof-of-concept applications within minutes. 8. We have conducted over 25 events - conferences, blockathons, training sessions and meetings. 9. Although we are focusing on the Banking & Financial Services sector, several of our solutions are also relevant for other industries including Government, Healthcare & Pharmaceuticals, Insurance, Manufacturing, Aviation, Shipping & Logistics and Telecommunications, Defence & Military.

43 Contact Us Primechain Technologies Pvt. Ltd. 410, Supreme Headquarters, Mumbai-Bangalore Highway, Near Audi Showroom, Baner, Pune (INDIA) Phone: info@primechain.in Web: