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.
Company Details
- Founded
- -
- Address
- Ireland, Ie
- Industry
- Information Technology & Services
- Website
- theproofoftrust.com
- Keywords
- cryptocurrency, micropayments, decentralized tech, Remittances, Bitcoin, legaltech, assetmanagement, blockchain, smartcontracts.
- HQ
- Ireland
The Proof Of Trust And Assurance Questions
The Proof Of Trust And Assurance's website is theproofoftrust.com
The Proof Of Trust And Assurance's LinkedIn profile is https://ie.linkedin.com/company/theproofoftrust
The Proof Of Trust And Assurance's industry is
Information Technology & Services
The Proof Of Trust And Assurance's top competitors are
Hudson Structured Capital Management Ltd.,
The Care Collective,
Fotin Media,
Astra Enterprises,
Astra,
Gmt_networks,
Seen@work,
Fly Ai,
Bayfield Capital Ltd,
Corestone Capital Llc.
The Proof Of Trust And Assurance's categories are Information Technology & Services
The Proof Of Trust And Assurance's founding year is 2019
