Neotrust is a peer reviewed, patented tool that allows businesses and individuals to verifiably secure digital documents and files to protect them from any kind of tampering, while tying the ownership of those files to the verified identity of the original owner.
A detailed explanation of the methodology employed by Neotrust can be found on the official Patent information page (Link Here).
Digital signature platforms, such as Docusign, are still inherently vulnerable to security leaks, and rely on a 3rd party for document retrieval and validation. Additionally they store and control the documents at the end of the day, and if you stop paying your account, all old documents you have remain in their control, creating issues in retrieving old documents. With our solution, the document owners own the access and control of their own property at all times. Meaning even if they leave the platform, the client always has control of their property and can access their documents, even if Consentize were to stop working or go down. Additionally the security benefits of blockchain are far superior to any traditional cybersecurity measures from a foundational point of view.
These Laws, and others like it, have accelerated the pace at which activities that previously required a physical visit of some sort (ie. notary, DMV registration, Doctor Visits, etc) are being given options to be completed virtually. We know this will lead to much more personal and private information being sent over electronic means, and blockchain, being the most secure form of data validation, will have a significant foothold in this market. The major issue with blockchain technologies currently is trust.
How can a government entity (Notaries in this case) trust a blockchain service with all the imposters currently in the space? The answer is validation through peer review and government oversight from the beginning, which we have achieved with acquiring the patent. This ensures Undoubtedly that the Neotrust Methodology is a trusted process to ensure the security and immutability of all files, opening the door to government programs and enterprise level solution opportunitieser to this item.
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