Authtrail.com announces the closing of its $3.6 million strategic funding round. The blockchain-based Software as a Service (SaaS) platform for enterprise data integrity, based on the Moonbeam network, revealed that the fund will be used to spearhead the next stages of product development and business growth.
Authtrail, one of the few projects in the Web3 ecosystem that has already achieved adoption on an enterprise level. The strategic round of funding will set the pace for the subsequent stages of business growth and aid set the pedestal for The as a go-to solution for data integrity and a model for enterprise adoption of blockchain technology.
Authtrail.com was co-founded by Matjaž Sobočan (CEO), Tadej Vengust (CTO), and Domen Uršič (CMO) in 2020 as a Kalmia spin-off. Authtrail has expanded its network of enterprise clients in need of higher quality data. As a result, this advanced data integrity solution gained the interest of multiple clients across different industries. One of the clients is a member of a multinational technology group with over 6,000 employees across 30 countries.
Token Basic Information
|Whitepaper||Click Here For View Whitepaper|
|Website||Click Here For Visit ICO Homepage|
According to Deloitte, companies that fail to develop and implement suitable data integrity standards risk falling behind global regulatory requirements and may face consequences ranging from recalls and plant shutdowns to criminal charges, in addition to losing the competitive advantage of valuable data insights.7
Authtrail is a universal platform for data integrity and verification that adds value to enterprises through advanced technologies of blockchain and cryptography.
It gives users the ability to check the veracity of enterprise data and its history without relying on a trusted external authority. The mission of Authtrail is to support digitized organizations in leveraging quality and reliable data, so they expand to new business opportunities, bring down costs, and gain a competitive edge.
Authtrail.com Data manipulation and mismanagement are pain points for companies worldwide. While blockchain technology could solve these issues, organizations don’t know how to utilize it to their advantage.
Authtrail changes that.
The is a market-ready, fast, and simple data integrity platform powered by blockchain. It allows businesses to ensure data integrity with less hassle for everyone involved.
How does it work?
Deployed on a cloud, Authtrail.com stores data and periodically anchors its fingerprints to the blockchain. This way, it ensures data integrity while increasing performance and decreasing transaction costs.
Instead of dealing with complex code, This is easily integrated and boasts an intuitive user interface that speeds up adoption.
Unlike products that lack scalability due to high transaction costs, They can hash and store large amounts of data more affordably.
Passport-grade data identity
By anchoring data fingerprints on the blockchain, Authtrail provides a complete overview of enterprise or product data history.
Zero data risk
Dealing only with data hashing and anchoring, The never stores data on private servers, which means no GDPR issues or data leakage risks.
Working product examples
Ensuring product authenticity and provenance through verifiable product and production data.
Authtrail.com Reducing the risk of complaints and penalties through accurate and reliable compliance data.
Improving production process in 5G-powered smart factory infrastructure with data traceability.
They provides a thorough insight into compliance with data protection standards and legal demands at a lower cost of internal and external audits.
The provides advanced traceability and shareability of product data to prevent disputes and boost product life cycle (PCL) management.
Authtrail ensures high security and regular audit of sensitive electronic health record (EHR) data for optimal data management at a lower price tag.
They enables easy sharing of product traceability and audit trail of production events and parameters for greater customer trust.