What business problem does DocuChain resolve?
Many legacy chains of custody are not always fit to deliver business performance objectives in an accessible and equitable manner, since they have many intrinsic points of failure:
informal and ad hoc delivery structures;
not always logically or consensually defined;
sometimes intrusively managed by third parties who add transactional friction, uncertainty and fees;
do not provide real time accessibility to authenticate supporting data, documents and people;
do not provide an easily auditable archive.
4Trust is diametrically opposed to legacy processes. 4Trust embraces:
Structured process, we call it chain of custody;
Consensus on the constituent elements that comprise the chain by all stakeholders;
Equitable and real time access to the chain by all stakeholders;
Immutable, accessible, searchable, blockchain records of the chain.
What business processes does DocuChain focus on?
DocuChain created 4Trust based upon a comprehensive review and understanding of the shortcomings in the technologies and processes used to initiate, manage and audit the veracity of:
provision of best practice,
assurance of regulatory compliance.
How does 4Trust Chain of Custody drive business performance?
4Trust provides a unique and proprietary capability to electronically, consensually and transparently:
Define business performance processes, milestones and check points;
Define the data and documents that support the processes;
Agree the participants in the process;
Link the process, data, documents and people together in real time using Android, iOS and Windows based applications;
Authenticate the provenance of all data and documents;
Authenticate the identity of all participants using biometrics;
Confirm the ownership and rights associated with the Chain of Custody’s primary assets or entitlements;
Record and immutably archive the Chain on a private, permissioned blockchain infrastructure.
Chains of Custody deliver many tangible returns to businesses and governments:
Lower operational, execution and litigation costs,
New sources of revenue,
Business processes that encourage custom and reduce churn.
How does DocuChain’s 4Trust ensure a trustworthy transactional environment?
4Trust has re-established and re-defined trust, identity management and transactional integrity using computational processes that employ:
encryption (for both transmitting and archiving data);
documents and ArtiFacts with embedded intelligence;
encrypted blockchain archives that comply with European data protection laws;
mobile and desktop applications that create and maintain real time communications amongst Chain participants.
We see 4Trust as, a timely and well-defined, amalgam of public key infrastructure, digital signatures, distributed ledger, identity management and access control technologies with a real time access layer that allows instant authentication of any bespoke Chain of Custody using smart phone and desktop applications to access your bespoke portal.
What sectors does DocuChain serve?
4Trust meets the investment and operational requirements of many large addressable markets including: banking, aviation, pharmaceutical, energy, luxury goods, logistics, healthcare and certification authorities.
DocuChain is rolling out its B2B licensing model to delivery partners that are trusted by end users to deliver easily-deployed, low risk business tools that deliver business performance!
Docuchain was established - and 4Trust was designed - to provide all participants in with an equal and transparent role in all of the Chains of Custody in which they have agreed to be a stakeholder.
Does 4Trust comply with GDPR?
Private data always remains in private hands in the owner’s cloud. The data held in the blockchain of custody only references its location, its issuer and their desire to include it in the agreed chain of custody. End users must provide permission for access to their private data in the cloud. The can easily opt for erasure, the right to be forgotten or to correct inaccurate data with new reference blocks.
Opting into Chains of Custody, whether personal, enterprise or governmental, can provide participants with an encrypted track record that allows them to manage and request services from a position of privilege – as customers rightfully deserve and demand.