Available solutions include:
WORM or physical media
Go beyond and use global and open Blockchains to time stamp and store documents like terms of service and offers
Easily hash, store and publish public documents
We leverage IPFS and OpenTimestamps to offer financial institutions alternative to legacy expensive solutions
Various EU regulatory provisions require that a firm must provide certain information to a client in writing, either on paper or in another durable medium. Some provisions also permit the use of digital media but meet certain conditions.
A durable medium needs to:
Blockchain use is accepted among possible solutions. We propose the use of undisputed global decentralized open access guaranteeing unchanged reproduction and storability for future reference using well known combination of protocols including IPFS, OpenTimestamps and Ethereum
All documents including terms of service, price lists digitally signed by the financial institution will be timestamped on the blockchain and stored in permanent web of IPFS
All documents are stored in so called permanent web powered by IPFS protocol.
IPFS protocol took advantage of blockchain protocol and network infrastructure in order to store unalterable data, remove duplicated files across the network, and obtain address information for accessing storage nodes to search for files in the network.
IPFS has no single point of failure, andnodes do not need to trust each other not to tamper with data in transit IPFS provides deduplication, high performance, and clustered persistence. IPFS and the Blockchain are a perfect match!
Large amounts of data can be stored with IPFS and linked into a blockchain transaction. This timestamps and secures content, without having to put the data on the chain itself
INPAY S.A.
Grzybowska 4/106, 00-131 Warsaw, Poland
info@inpay.pl
