The article presents the implementation of an electronic document in the form of electronic forms that can be used in legally binding way in transactions execution regardless of the field of application, the type of entity involved in the transaction or their local information systems. Paper also presents the concept of the form in which the data layer, the presentation and the logic is encapsulated in a one single XML file, whose syntax is described using XML schema (XSD). Presentation of the document is done on the background of the discussion about the general concept of the document and the transaction. Authors present also the ways of implementation a few basic types of transactions, from which more complex solutions can be composed. The vision of the further research and development of the electronic document towards the use of crypto - currency, smart contracts, block chains and distributed autonomous organization is outlined in this paper.