Provenant is a
Blockchain Solution for
Financial Guarantees
One of the first blockchain implementations accessible to the consumer.
Digital originals.
Replacing online
trust with truth.
The Platform
Provenant is a blockchain platform for the origination, storage and transmission of digital original documents. Provenant’s mission is to significantly lower online transaction risk for businesses and consumers, removing the last bastion of paper based documents, the ‘original’ document. Our vision is to replace online trust with truth.
The digital era has allowed simple storing, sharing, and encryption of important documents. However little progress has been made on verifying the origin and history of such documents which makes the other services moot. The current solution is to focus on “in person” or “physical” verification of hard-copy documents which is repetitive, extraordinarily expensive, time-consuming and highly complex at scale. The inability to verify easily the origin and history of documents stored and distributed electronically can create significant risk for business and consumers. Provenant will solve this problem.
Provenance
A record of the origin[ator] and history of each document will be held on a public blockchain. Verifiable at any time by any platform user with access to the document.
Permanency
An autonomous decentralized application, recording encrypted documents, their history and metadata on a public blockchain. Stored permanently in the distributed cloud.
Privacy
Zero Knowledge Encryption, Biometric 2 Factor Authentication and ID verification ensuring document access and transmission is secure and only between known parties.
Production Tools
Provenant will facilitate digital native transactions including document workflows, electronic signatures, forms, and managed sharing.
Provenant is different from other document management solutions as it eliminates document fraud through use of a blockchain.Provenant will be one of the first blockchain implementations accessible to the consumer.
Application
Innovating Financial Guarantees. A three way closed loop transaction.
Financial Guarantees can include any form of commitment to pay from a financial institution (Guarantor) to a third party (Beneficiary) on behalf of the Applicant.
Trillions of dollars of guarantees are in place at any one time globally, and are updated, amended and exchanged frequently. Financial guarantees are a core piece of commercial infrastructure underlying global trade.
The first commercial application of the Provenant platform will exist to serve this market place.
Our vision is to replace trust with truth.
Capturing a Guarantee’s complete history and making it instantly verifiable via a blockchain, eliminating the risk of forgery, and providing a single source of truth.
Our mission is a truly paperless word.
The Applicant
The Applicant can easily understand and visualise the financial guarantees they have outstanding and associated summary information (metadata) such as amount, subject, commencement, expiry, guarantor, beneficiary, and any pointers to any historical
guarantees.
Our vision is that the Applicant will be able to execute new financial guarantees and request replacements, amendments or cancellation of existing guarantees through the Platform. The platform is the single source of truth for the all of their financial
guarantees.
The Guarantor
The Guarantor can view the financial guarantees they have outstanding and associated summary information (metadata) such as amount, subject, commencement, expiry, applicant, beneficiary, and any pointers to any historical guarantees.
Our vision is that the Guarantor will be able to issue all new financial guarantees and replacements, or manage any requests for amendments or cancellations through the Platform.
The platform is the single source of truth for the all of their financial guarantees.
The Beneficiary
The Beneficiary can view the financial guarantees they have received and associated summary information (metadata) such as amount, subject, commencement, expiry, applicant, guarantor, and any pointers to any historical guarantees.
Our vision is that the Beneficiary will be able to execute new financial guarantees and request replacements, amendments or cancellation of existing guarantees through the Platform.
The platform is the single source of truth for the all of their financial guarantees.
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