We’re Collaborating with DocsinBlocks to Bring Immutability and Transparency to Document Management
At Eleven01, we are constantly on the lookout for partnerships with those who are looking to build solutions for everyday problems with blockchain. On that note, we are happy to announce a partnership with DocsinBlocks, a decentralized blockchain venture focused on document management. We will work together with the goal of solving documentation problems like data tampering, identity theft, and the mismanagement of information using the Eleven01 blockchain Protocol and DocsinBlocks identity verification and management systems.
The current practice of document management not only leaves information vulnerable to hacks but also costs time and money to maintain. Ombud’s research revealed that e-signatures save an estimated $20 per document and reduce turnaround times by 80%, proving that high-tech systems of document management are not only effective to time management but costs as well. With this collaboration, we plan to provide a decentralized document management platform, where users can manage all of their documents digitally. In order to do this, they will use Time Stamped Tamper Proof (TSTP) protection to provide an on-demand and secure identity verification platform by using Eleven01 protocol.
With DocsinBlocks working towards materialising a simple yet relevant blockchain use case, Rama Iyer, President and CTO of Eleven01, expressed his enthusiasm for the partnership. “DocsinBlocks has developed the solution for a problem that is a textbook example for a blockchain use case. Their team has diligently detailed the redundancy and unreliability that is present in the current document sharing and management systems and will be using blockchain technology to bring auditable trial and real-time verification to the world of documents, ” said Rama Iyer, President & Chief Technology Officer at Eleven01. “This is truly an area ripe for disruption and we are happy to be partners on this journey. We will work closely to help them build a trustless, immutable document database on the blockchain using the Eleven01 protocol,” he added
The partners will initially focus on building document management solutions for the education, finance, and travel industries followed by insurance, pharmaceuticals, and other sectors. In addition to streamlining the management of private use documents, DocsInBlocks and Eleven01 will be providing solutions for corporate companies, enterprises, and government entities to help maintain security and confidentiality of vital information.
“Every individual possesses at least three important documents which reinstate their identity. This is in addition to other educational, professional, and executive documents. DocsinBlocks is attempting to make the management of these documents hassle-free using blockchain technology. Partnering with Eleven01 gives us the opportunity to scout all the possible ways of employing blockchain innovation in achieving this. Their industry expertise and technological support is truly invaluable.”, said Brijesh Aggarwal, Founder & CEO of DocsinBlocks.
We can look forward to a high-performing blockchain application that will change the way we interact, edit and share documents online.
About DocsinBlocks
DocsinBlocks is disrupting the way e-documents are organised and stored. It is the first decentralized document management platform with blockchain to secure e-documents as UNIQUE Master Original copy which stands reusable, timestamped and NON-tamperable and protected at all times in the digital world.
Digital Documents stored on DocksinBlocks are immutable and allow the user to manage all his documents digitally without any threat to security.
