A Chattanooga digital signing company is issuing its own cryptocurrency this spring as part of its use of blockchain technology for securing and handling contracts.
SIGNiX is preparing an initial coin offering for the second quarter of 2018, which is expected to raise tens of millions of dollars as the 16-year-old company enters a new growth phase.
Executive Vice President Pem Guerry, CEO Jay Jumper and CFO Gary Peate, from left, are photographed outside the Signix Offices on Friday, Jan. 19, 2018, in Chattanooga, Tenn. The company is entering the blockchain market for providing digital signatures and security.SIGNiX, started in 2002 by ProNvest President Jay Jumper, has grown to become one of the leading digital signature providers in North America, handling more than 40 million documents a year from its 40-employee operation headquartered in Warehouse Row downtown Chattanooga.
SIGNiX uses a patented technology for cloud-based digital method to make signing documents online secure and legal for any business or organization. The company’s complex cryptographic construct known as Public Key Infrastructure, or PKI, can be used with block chain technology
The company could be entering its biggest growth phase ever with a new contract to use one of the biggest digital platforms for real estate agents in the country and its plans to develop a blockchain technology for smart contracts that use a computer code contract that is autonomous and self executing.