The Proof of Trust and Assurance

www.theproofoftrust.com

The Proof of Trust and Assurance’s proprietary protocol stands to be the first-ever Insurance protocol for blockchain transactions and smart contracts. Its proprietary Proof of Trust (PoT) enables real-world inputs to be validated by decentralized participants before settling smart contracts on any blockchain. PoT reduces the chance of an invalid contract executing from a hypothetical 1 in 20 to less than 1 in 500 million. While many large enterprises are looking into blockchain systems, they are unable to utilize blockchain with the existing risk of settlement inaccuracy. In the analog world, contracts can be contested and corrected by humans (i.e., lawyers, banks), but smart contracts execute automatically based on whatever inputs they receive. If an incorrect input is submitted to a smart contract, it could have millions of dollars of consequences. A risk that major organizations cannot take. The Proof of Trust is the solution: It allows smart contract users to contest and confirm a determination by distributing verification to highly qualified delegates before being recorded irreversibly to the blockchain. Real world users participate in the network while incentive mechanisms ensure and reward delegates for providing trustworthy data.

Read more

Reach decision makers at The Proof of Trust and Assurance

Lusha Magic

Free credit every month!

The Proof of Trust and Assurance’s proprietary protocol stands to be the first-ever Insurance protocol for blockchain transactions and smart contracts. Its proprietary Proof of Trust (PoT) enables real-world inputs to be validated by decentralized participants before settling smart contracts on any blockchain. PoT reduces the chance of an invalid contract executing from a hypothetical 1 in 20 to less than 1 in 500 million. While many large enterprises are looking into blockchain systems, they are unable to utilize blockchain with the existing risk of settlement inaccuracy. In the analog world, contracts can be contested and corrected by humans (i.e., lawyers, banks), but smart contracts execute automatically based on whatever inputs they receive. If an incorrect input is submitted to a smart contract, it could have millions of dollars of consequences. A risk that major organizations cannot take. The Proof of Trust is the solution: It allows smart contract users to contest and confirm a determination by distributing verification to highly qualified delegates before being recorded irreversibly to the blockchain. Real world users participate in the network while incentive mechanisms ensure and reward delegates for providing trustworthy data.

Read more
icon

Country

icon

Employees

11-50

icon

Founded

2019

icon

Social

  • icon

Employees statistics

View all employees

Potential Decision Makers

  • Chief Compliance Officer

    Email ****** @****.com
    Phone (***) ****-****
  • Chief Innovation Officer

    Email ****** @****.com
    Phone (***) ****-****
  • Chief Compliance Officer

    Email ****** @****.com
    Phone (***) ****-****

Technologies

(15)

Reach decision makers at The Proof of Trust and Assurance

Free credits every month!

My account

Sign up now to uncover all the contact details