Today’s technology landscape offers many ways to store, share, and update digital documents effectively. However, leveraging these methods to send and receive electronic files can cause trouble for businesses as they are susceptible to fraud, alterations, tampering, and misdistribution. They also need to make massive investments in document management platforms to maintain proper storage and keep these traditional documents organized. To effectively respond to these challenges, blockchain has emerged as a cutting-edge technology, enabling decentralized and secure information storage and transfer.
Translating this new-age blockchain technology to help businesses create, share, issue, and trace file-less documents is Doctrace. The company focuses on immutable transactions that show resilience and veracity as they are published into the blockchain and consequently recorded. Its patented file-less technology allows the data to be protected and encrypted at the point of creation, eliminating the possibility of fraud and guaranteeing that every document is authentic and doesn’t need notarization.
At the heart of Doctrace, we are driving confidence and credibility by delivering
a unilateral record issuing platform for clients’ e-files. Our new age platform
ensures higher levels of reliability to issue, create, update, and share
documents and is built on a private blockchain network.
“At the heart of Doctrace, we are driving confidence and credibility by delivering a unilateral record issuing platform for clients’ e-files. Our new age platform ensures higher levels of reliability to issue, create, update, and share documents and is built on a private blockchain network that promises higher availability and adaptability on top of economizing the cost and time,” states Marcio Esteves, CEO and co-founder, Doctrace.
The Doctrace platform acts as a single place for clients to keep their entire file-less documents, including IDs, permits, licenses, event tickets, receipts, certificates, prescriptions, grade sheets, transcripts, warranty certificates, vaccination records, attendance sheets, and hundreds of other one-way entitlements. Intending to pioneer the next revolution of document management, Doctrace’s platform allows clients to issue file-less documents, known as logs. These logs are issued based on custom templates allowing different attachments, including images, QR codes, and PDFs. The contents of the issued logs are stored directly in Blockchain blocks instead of e-documents such as PDFs for ultimate data protection.
Doctrace works with two categories of users—receivers and providers. The receivers have the liberty to share information privately and publicly and un-share any received logs. They can also download free iOS and Android native mobile apps with wallet features to categorize, search, tag, add/remove to favorites, and archive their logs as required. On the other hand, the providers can issue logs attached to their unique ledger, deeming it impossible to delete, update, or alter.
Doctrace’s easy-to-use platform offers clients a seamless document management and storage experience. Providers can sign-up to Doctrace and log in to the web portal to create custom templates. In case a log needs to be edited or revoked for licenses and permits, providers can modify the logs, where a new version of the log is issued and permanently attached to the old version due to the guaranteed immutability of blockchain records. Once a new version is created, all older versions are marked with an obsolete watermark. This eliminates the possibility of receivers sharing older versions of any status or privilege that they once had but is now revoked or expired. Doctrace also provides APIs for providers to integrate its powerful blockchain issuance capabilities with their systems of records, eliminating the need to utilize the web portal.
With its length and breadth of capabilities, Doctrace has created an indisputable track record of storing data in the e-safe ledger using blockchain technology, offering zero opportunity for fraud. It continues to pave the way to becoming the leading provider of immutable document management by running its platform on a private blockchain network without relying on public blockchains. Doctrace will pursue leveraging the potential of blockchain to enhance its offerings and create a more secure and robust document management solution for clients today and in the future.
