The story behind Evident Proof
As the amount of data the world is producing grows exponentially each year, the need to prove the integrity of that data becomes more and more important.
But immutably proving data integrity has always been difficult to achieve. If a single organisation has control over data, others have to trust that the data won’t be changed in some way. There also has to be trust that the organisation has the security in place to protect the data from third-party interference.
This raised the question as to whether Ethereum blockchain technology could be leveraged to solve this problem — by immutably and verifiably storing the provenance of data. Blockchain technology’s ability to permanently record all the steps in a process was well known. But optimising blockchain technology to provide a legal certificate demonstrating a specific chain of events felt like a huge opportunity.
Adrian explains: “As the amount of data in the world, and its value, continues to grow, compliance requirements are becoming more stringent, and the ability to prove provenance increasingly important. We recognised that the tools previously available to address these issues had limitations and saw a critical need for a service that would provide immutable, unhackable proof securely, efficiently and cost-effectively.”
Software developer, Berkshire Cloud, worked with Microsoft to develop a proof of concept for a new platform and Evident Proof was born a few months later. The platform aims to deliver businesses, organisations and individuals immutable proof certificates that verify the accuracy, completeness and time order of digital records it holds for them.
By the start of 2018, Evident Proof had already demonstrated the platform’s effectiveness with several more proof of concepts. The management team — which has vast experience in running and building large-scale multinational IT platforms — is in talks with a range of enterprises who intend to use the platform in the future.
Evident Proof CTO, Matt Roden, takes up the story: “As a team, we were well aware of the growing need to immutably prove the integrity of the vast amounts of data being created.
“We wanted to solve that problem and we knew that, as a team with a lot of experience in building secure enterprise scale cloud architectures, we could exploit the potential of blockchain technology to do it.
“We saw an opportunity to help businesses share in the wealth generated from proprietary data transactions. We also saw a huge opportunity to develop and support a healthy open-source community that could benefit everyone.”
The team is being supported by several highly experienced advisors and entrepreneurs in commercial strategy, business management, accountancy, sales, marketing and technical evangelism. Their experience spans financial services, blockchain technology, IT software and cloud services.
Evident Proof’s platform is ready to transform the way risk sensitive data is stored, and to create a new form of value from data transactions worldwide.
A public pre-sale of Evident Proof Tokens (EPT) begins on April 27. Public General Sale starts on May 10 and closes on June 10.
Join us in our Telegram room to be part of the conversation: https://t.me/EvidentProofOfficial
