TransPerfect Announces New Transcend Integration with True Digital Dossier's Blockchain Technology

Jun 27, 2019


TransPerfect, a provider of language and technology solutions for global business, and distributed ledger firm True Digital Dossier (TDD) announced a partnership to integrate TDD's new blockchain technology with TransPerfect's virtual data room (VDR) tool, TransCEND, for the mortgage, art, energy, regulatory, and supply chain sectors. 

This partnership is the first integration of blockchain technology with VDRs on a global scale. Branded under the TDD "Digital Dossier" name, the service aims to help professionals prevent lost revenue from poor due diligence and poor record keeping. It will serve markets where the value of assets, such as a mortgage or work of art, is tied to the quality of their information packages.

VDRs are online document platforms that compress the time for M&A transactions by allowing concurrent document review by unacquainted parties. Customers can manage, read, write, execute, search, audit, and access documents in a secure, collaborative environment. By integrating blockchain technology, owners can now embed a "digital fingerprint" in documents, creating a long-term tracking system for an asset's paper trail and ensuring protection from data tampering.


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