Smart Contract Assurance

While blockchains are effective in securely storing data, there is still a significant issue in authenticating data inputs that may have varying degrees of trustworthiness. An immutable ledger is not trustworthy if the data contributed to it is not reliable. The Proof of Trust protocol solves this problem.

Proof of Trust Protocol

The precise and indelible nature of smart contracts demands trustworthy data.

The automation and immutability that makes smart contracts so appealing also has the potential to derail their viability. While Proof of Work and Proof of Stake provide distributed trust for data storage, the introduction of PoT provides distributed trust for data input.
Just as courts and lawyers provide a vital validation and appeals processes for paper contracts, PoT Delegates provide the same process for digital Smart Contracts.

Proof of Work & Proof of Stake Based Systems

  • Computation ensures Data is immutable when written
  • Only confirms data, does not check the data
  • No mechanism to detect rogue incoming data inputs anomalies
  • Irreversible inputs create risk for invalid data being perpetuated

proof of trust based systems

  • Additional layer of trust audits data inputs for reliability
  • Increases smart contract applicability
  • Added protection against rogue or incorrect data inputs
  • Validates data inputs

Regulatory Approach

The Proof of Trust team works with legal and compliance counsels Greenspoon Marder and Deloitte to ensure compliance across 20+ jurisdictions under current US and international law.

  • Australia
  • BVI
  • Canada
  • Cayman Islands
  • France
  • Germany
  • Hong Kong
  • India
  • Ireland
  • Israel
  • Japan
  • Luxembourg
  • Poland
  • Russia
  • Saudi Arabia
  • Singapore
  • South Africa
  • South Korea
  • Switzerland
  • United Arab Emirates
  • United Kingdom
  • United States
  • Canada
  • United States
  • Israel
  • Saudi Arabia
  • United Arab
    Emirates
  • India
  • South Korea
  • Japan
  • Hong Kong
  • Singapore
  • BVI
  • South Africa
  • Ireland
  • Germany
  • United Kingdom
  • France
  • Poland
  • Luxembourg
  • Switzerland
  • Australia
  • Russia
  • Cayman Islands

Timeline

Q2 – 2019

During Q2, the Company will continue to develop the dApp and the Proof of Trust protocol. In addition, the Company intends to:

  • Issue and secure listings of its token on multiple exchanges
  • Develop strategic partnerships
  • Begin Proof of Trust development for usability across multiple blockchains
  • Ensure continued legal and regulatory compliance
  • Add new features (i.e. engagement and retention tools) to upgrade the platform for the benefit of the community

Q3 – 2019

Launch blockchain-based decentralized app (dApp) for smart contracts and roll out multiple blockchain based Proof of Trust protocols.

Q4 – 2019 & Beyond

Continue to solidify its corporate relationships with conglomerates in multiple industries and geographies, and offer additional utility use-cases to the The Proof of Trust Token.