Smart contract signing is being transformed with the partnership struck between EthSign and The Open Network.
TON announced that it is teaming up with EthSign to provide a more secure, multi-chain, and decentralized digital contract signing to the Web3 ecosystem within Telegram.
The Open Network (TON) is a decentralized and open internet created by the community using a technology designed by Telegram. TON is a Proof-of-Stake network that is scalable and designed to onboard billions of users.
The platform has its native token called Toncoin, which powers the infrastructure and is used for governance as well.
The company has entered into several partnerships in the industry to advance the innovations created for Web3 users. From Chainbase to Tencent Cloud, TON is committed to promoting the adoption of Web3 infrastructure.
EthSign is a decentralized electronic agreement signing application built on Polygon, Ethereum, IPFS, and Filecoin. It aims to connect legal agreements with smart contracts and provide a versioned and consensus-based signing process.
One of its advantages is the permission given to users to sign digital contracts directly from their Web3 wallets or through Web2 social logins, including Twitter and Gmail.
EthSignBot on Telegram
According to TON, the partnership with EthSign brings EthSignBot, a Telegram-native feature that offers mobile users the ability to sign contracts within the Telegram app itself. The bot will also serve as a notification system, alerting users when new contracts arrive.
TON also noted that its commitment to making Web3 services available to billions of users around the world is part of the inspiration behind the partnership with EthSign.
“TON is giving billions the opportunity to own their digital identity, data, and assets,” it said. “EthSign aligns perfectly with this vision, as it empowers users to handle legal contracts in a decentralized, secure manner.”
It added that the collaboration with EthSign aims to improve the accessibility and management of digital contracts within the TON Ecosystem.
TON analytics and farming program
Two months ago, TON launched the Beta version of re:doubt, an analytical platform for the TON cryptoverse. It provides tools, including an emerging Train Virtual Machine (TVM)-based blockchain coverage, AI-enabled charting tools, and insights from the community-driven market, allowing users to access complex data for a web3 immersive experience.
It also introduced a decentralized token farming program in collaboration with STON.fi DEX. This program involves supplying liquidity to specific pairs and earning yields at the end of the staking period.
