Blockchain has taken the world by storm in the last 2 years. Bitcoin which is built on Blockchain has seen an unprecedented rise in importance in the last few months alone. There have been various applications of Blockchain, from popular digital currencies like Bitcoin and Litecoin to innovative projects based on smart contracts.
What is Blockchain
“The Blockchain is an incorruptible digital ledger of economic transactions that can be programmed to record not just financial transactions but virtually everything of value.” Don & Alex Tapscott, authors Blockchain Revolution (2016)
Blockchain is a distributed ledger duplicated thousands of times across a network of computers. The network is auto-regulated in the sense that there is no central entity that controls it. As such, it evolves in a trustless environment meaning that you do not need to trust anyone to perform an action. The very essence of the network makes sure that whatever you have programmed will be executed. Transparency is embedded in the structure of the network. Based on the fact that anyone will need an enormous amount of computing power and cost to make any alterations to the network, data in the Blockchain is considered very safe and secure from any tampering.
“Blockchain solves the problem of manipulation. When I speak about it in the West, people say they trust Google, Facebook, or their banks. But the rest of the world doesn’t trust organizations and corporations that much — I mean Africa, India, the Eastern Europe, or Russia. It’s not about the places where people are really rich. Blockchain’s opportunities are the highest in the countries that haven’t reached that level yet.”
Vitalik Buterin, inventor of Ethereum
StoragePlus.io – The First Blockchain App in Mauritius and among the first in Africa
StoragePlus.io, being an advanced and full-fledged Document Management System (DMS), takes full advantage of this technology. By being the first in Mauritius to set up a Blockchain-based system, StoragePlus.io shows that it is at the forefront of technology.
Document tampering is a real security issue when dealing with documents. Businesses and organisations often need to make sure that data that they store have not been tampered with and are genuine. StoragePlus.io uses its proprietary Blockchain-based technology called TamperProofID to make sure that documents are genuine and have not been modified or hacked.
Based on the immutability of records stored in the Blockchain, the TamperProofID system offers an extremely secure and safe way to ascertain that records are genuine.
Blockchain – A first in Mauritius
StoragePlus.io is the first Blockchain application that has been developed in Mauritius. Pioneering such an innovative comes after months of intensive research and prototyping on Blockchain. As such, the team at StoragePlus.io has acquired a very important and rare expertise in Blockchain technology. We aim at letting companies and organisations make full use of our expertise and the TamperProofID system.
Mauritius has been among the first countries in Africa to show interest in Blockchain technology. This system is further proof that Mauritius can become a Blockchain hub in the Indian Ocean as well as the African continent.
Blockchain aimed at Financial Institutions and Law Firms
Blockchain technology is especially appealing to financial institutions and law firms. In order to make sure records are kept securely, StoragePlus.io can be used as a full-fledged document management system as well as an archiving solution to store all regulatory and non-regulatory paper documents in a public or private cloud. Coupled with its integration of Blockchain, StoragePlus.io can easily empower institutions and companies to make use of one of the best and safest systems to store and retrieve data, while at the same time, making sure that all their records are stored in a compliant system.