Eleven01 Partner with DocsinBlocks to Help Solve the Documentation Problems via Blockchain
The Eleven01, which has been considered to be India’s very first blockchain protocol has gone ahead to announce the new partnership they have gotten into with DocsinBlocks, one that is a decentralize blockchain venture that has focused on the document management system.
Both teams have come together with the primary goal of solving the various documentation problems that exist; all this will be possible by using the Eleven01 and the DocsinBlocks for the identity verification and the management systems.
More the partnership they have developed
The Eleven01 plus the DocsinBlocks have collaborated to provide users with a decentralized platform for proper document management; it is where the users will be able to manage all their personal documents digitally. For this to be made possible, they will need to use the TSTP, referred to also the Time-Stamped Tamper Proof protection that will be able to provide a secure and on-demand identity verification platform, this is by using the Eleven01 protocol.
With these two entities in place, there is a lot of developments we should expect to see, but they will first focus on the proper development of the document management solutions that can be used for finance, education, together with the travel industry and insurance, plus other industries in the market.
They have been able to streamline the adequate management of the private use of documents.
The DocsinBlocks and the Eleven01 platform will be able to provide solutions that can be used in the enterprises adequately, corporate companies together with the government entities, this is all to ensure they are able to help maintain security along with the need for confidentiality on vital information.
Each individual has at least three critical documents
The company states that individuals have at least three different vital documents, which are used to reinstate their identity. All this is an addition to the professional, education and the executive documents that we each have.
Thus, the DocsinBlocks company is trying to find effective ways that will make the management of these documents to be hustle free for individuals; this is with the use of the blockchain technology.
According to a survey that was carried out by the Harris Interactive, it was found that about 92% of the knowledge workers would collaborate over documents through the mail, this is for edit and sharing. And the same professionals would spend about 50% of their precious time in searching for information; thus, this leads to a lot of productivity that is lost in a given day.
As a result, the current system for document management is leaving information to be vulnerable to the frequent hacks we witness, and also it would cost a lot of time and money just to ensure to is adequately managed. With the development of a high tech system that can be used in document management not only saves time but it is also cost effective for all.
More on the Eleven01 platform
The platform has been considered to be India’s very first native protocol that has been built for both the privtae and the public sectors that are aimed to bring the blockchain technology to the next billions of people. All this has been done with an emphasis on the emerging markets. The protocol that they have established is expected to be pivotal to drive the blockchain technology adoption among the billions of users that are present.
The protocol has been able to employ cutting edge technologies; this is the likes of customizable consensus, homomorphic encryption together with the oracle models. Additionally, the company has been able to forge several powerful partnerships across the emerging markets.
As a result, this is expected to empower the developers within the market with the easy to use protocol that will allow them to build different dApps across the various industries.
The partnership will ensure users are able to efficiently manage all their documents digitally without any fear of security concerns.