Imagine… An Italian hospital orders medical equipment from a German supplier, based on pre-agreed contract templates with a high level of automation for mutual negotiation – where applicable. Within minutes, the contract can be assembled, scheduled, digitally signed, verified, and securely archived – fully compliant with the EU’s new digital identification system called the EUDI Wallet, or other accepted SSI-based identity frameworks. This means binding contracts can be signed at the highest level of compliance. This is the workflow of tomorrow that FACIS is building today.
What Challenges Do European Companies Face in Digital Contracting Today?
Companies today face rising complexity in managing contracts across European countries due to diverse regulations, siloed identity systems and inefficient signing and validation methods. Existing tools cover the basics, but they do not fully meet all the requirements needed for Europe’s future data ecosystem.
FACIS Digital Contracting: Open-Source, Secure, and Ready for Europe’s Federated Data Ecosystem
FACIS is building a solution specifically designed to address these challenges. Our Digital Contracting Service (DCS) will be open-source and prepared for the EU Digital Identity (EUDI Wallet). This means it seamlessly combines digital contract signing with the official European Digital Identity, enabling your digital signature to carry the same legal weight as handwritten ones on paper. DCS is essential for efficient cross-border collaboration in Europe’s multi-provider cloud ecosystem, where multiple stakeholders work together in a secure, federated environment to conduct business quickly and reliably. As open-source software, DCS can be scaled and adapted to diverse use cases and industry sectors.
Security
Securely negotiate, sign, and manage digital contracts
Open Source
Free and Open-Source Software (FOSS) – easily adaptable to your specific use cases and compliance needs
Storage of Templates
Stor both machine-readable and human-readable contract templates
Contract Workflow Engine
Supporting bilateral and multilateral contracts
Trust Services
Integrated verification of powers of attorney and signature chains via trust services
EUDI
Alignment with EUDI (in accordance with eIDAS 2.0) as a qualified electronic signature
Archive
Distributed archiving for all parties involved (decentralized control)
DCS is a free, open-source service that makes digital contracts legally binding. It combines eSigning with qualified electronic signatures such as EUDI to enable secure, compliant transactions across Europe.
Available tools provide a starting point, but Europe’s data ecosystem needs more advanced capabilities. FACIS is building the DCS to reduce complexity, connect siloed systems, and help companies manage contracts in Europe’s digital economy.
Its unique combination of security, openness, and compliance by design: companies can securely negotiate, sign, and manage digital contracts with a Free and Open-Source Software (FOSS) solution that is easily adaptable to specific use cases and regulatory requirements.
DCS support both bilateral and multilateral agreements through its contract workflow engine, stores machine-readable and human-readable templates, and integrates verification of powers of attorney and signature chains via trust services.
Businesses can negotiate, sign and manage any type of contract – from simple NDAs to complex SLA agreements. DCS can be applied in any sector, accelerates cross-border collaboration, and ensures compliance with EU standards.