Establishing trust, accountability and transparency for successful working relationships
What is Blockchain?
Blockchain is a digital record of transactions. On a basic level, digital transactional information (the “block”) gets stored, decentralized, in a public database (the “chain”).
The advantage of using blockchain means that no central party has control over the content. As a result, the records cannot be changed or tampered with because every party has to agree to its validity and can check the history of record changes.
What Kind of Blockchain Does TrueProfile.io® Use?
TrueProfile.io uses Ethereum blockchain to store the validity of our Members’ documents. Ethereum blockchain is a public blockchain, which means it can be used across industries. As a result, any Business Partner in possession of a TrueProof can securely verify the document’s authenticity against the blockchain.
How Does TrueProfile.io® Store Documents on the Blockchain?
TrueProfile.io stores the “fingerprint” of a verified document, but not the document itself, on the Blockchain. Doing so means that the submitted documents, such as passports and certificates, and their personally identifiable information, will not be revealed. Fingerprints are known as “hashes”. The hashes’ signature is stored on the blockchain and can be easily validated by our Business Partners against TrueProof PDFs.
What Are The Benefits of Blockchain Integration?
TrueProfile.io verifications, TrueProofs, are securely stored on the Ethereum blockchain, in the form of a hash, which means that Business Partners who have been granted access to a TrueProof, can quickly validate its authenticity against the blockchain.
Using Ethereum blockchain as our latest-generation database for TrueProofs expedites trust, accountability, and transparency between our Business Partners and pre-verified Members. To find out an in-depth explanation of how we use blockchain to assure a high level of data security, please download our whitepaper here: