London, 15th October – Coinfirm’s innovative document verification solution, Trudatum, is now an officially patented technology.
Trudatum is the only blockchain-based solution that enables the registration and authentication of documents’ contents, timestamp, ownership and chain of custody, without the need to reveal the document itself. This breakthrough technology revolutionized business process trust in large institutions and has for 5 years been in active development, whilst the patent had been pending for the last 3 years.
“We are pleased that our disruptive innovation has been officially patented and recognised as outright proof of how blockchain can create a safer economy. The solution’s use cases have already been proved by a variety of our partners and we look forward to exploring the further opportunities that document immutability through DLT brings.“ – Pawel Aleksander, Coinfirm CIO and Co-Founder
This trusted digital documents flow solution has endless applications in the financial, IT, pharmaceutical and industrial sectors for a multitude of document-intensive and sensitive processes. Trudatum is already used successfully by both the private and public sectors.
The solution is utilised by such organisations as the largest Central European financial institution PKO BP, insurance provider LINK4 and has partnered with technology heavyweights including Dell. Trudatum’s patented technology is additionally implemented by several national governments in the use of vehicle licence plate registrars and for the issuance of bonds.
Trudatum is a simple and user-friendly tool that solves the problem of the management and safe flow of sensitive documents within organizations. Registered files may be verified by any entity who is the holder of the unique hash ID and timestamp abbreviation meaning there can be no question of the authenticity of the document at hand. Clients have the option to register digital documents on private or public blockchains.
Coinfirm is a global leader in AML and regulatory technology for blockchain and cryptocurrencies. It offers the industry’s largest blockchain coverage, supporting over 1,500 cryptocurrencies and protocols including Bitcoin, Ethereum, Hyperledger, and many more. Coinfirm’s solutions are used by market leaders globally, ranging from crypto exchanges such as Binance, and protocols like XRP, to major financial institutions like PKO BP. The company’s services also include Reclaim Crypto, as well as Trudatum, a standalone regtech platform that allows any file to be registered, signed, and verified with 100% accuracy. For more information, please visit: https://www.coinfirm.com/