Authtrail obtains $ 3.6 million to expand its global market presence for the data integrity of companies
Authtrail obtains $ 3.6 million to expand its global market presence for the data integrity of companies
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in the age of big data, in which more than 2.5 trillions bytes are produced every day, data integrity has become an urgent problem. Bad data quality leads to losses and can lead to bad decisions, which affects the future viability and sustainability of every company. As a result, the need to take suitable measures to maintain the integrity of the data collected from various sources is becoming increasingly important.
In general, data integrity refers to the overall degree, accuracy and consistency of the data. It also includes areas in connection with the security of the data, compliance with official guidelines and the possibility of checking the data source if necessary.
to achieve all of this is not an easy task, especially in view of the daily amount of data. Although several existing solutions enable companies to secure and verify data afterwards, these technologies are not suitable for offering end-to-end data integrity systems.
With the advent of blockchain technology, however, several promising ideas were developed to protect data integrity during the entire life cycle of the data. Authtrail is a leading solution that leads to the efforts to convey security, transparency and unchangeability of blockchain networks.
By bridging off-chain ecosystems with on-chain infrastructure through user-friendly APIs, Authrail has created a number of products that offer simple solutions for complex data integrity problems and at the same time maintain an extremely user-friendly and intuitive user interface at the best price. Performance ratio.
Because of its properties, Auttrail recently completed a successful round of financing. Supported by prominent names from the blockchain and fintech industry, the authtrail team collected $ 3.6 million out of the round. These funds will accelerate the development of the authtrail infrastructure and business expansion, as the AuthRail team aims to dominate the global market for data integrity.
In addition, part of these funds is also used for the expansion of the company's market presence by offering grants for startups, developers and companies that develop new solutions and tools on the AuthRail launch.
The end-to-end solution for corporate data integrity
as a provider of end-to-end data integrity solutions Authtrail has established itself as the first blockchain-based SaaS solution for companies from a variety of industries, including pharmaceutical, healthcare, finance and more.
Authtrail builds on the Moonbeam Network based on Polkadot and has built up a product suite in the form of a data integrity-SAAS platform and adjacent applications. Together, this product ecosystem offers a faster, safer and more reliable approach for the review of critical information and the creation of trust and the simple persecution of various processes within the data generation process.
By using the functions of Moonbeam, Authrail overcomes the restrictions of the transaction speed and the gas costs, by gasping and storing large data records faster and cheaper than existing solutions. While Authrail was originally used on Ethereum, the increasing problems with gas fees and throughput the team caused the team to switch its infrastructure to the Moonbeam network based on Polkadot, since in addition to access to all the amazing functions that Polkadot offers over its functions, faster speed and lower gas offers paracets and relay.
Derek Yoo, CEO of pure take and founder of the Moonbeam project, is optimistic with regard to the potential of the authtrail project. He states that Authtrail is a great example of the use of open web3 technologies to solve real problems for normal users. We look forward to supporting the Authtrail team to provide Moonbeam as a solution for challenges in corporate environments. Authtrail combines the company company with the certainty, traceability and unchangeability of blockchain-based data so that company users can easily prove that their product or service data are valid, trustworthy and compliant. The best thing is that it does not bother existing processes, but works as an easy to implement add-on to all existing data management systems. Matjaz Sobocan, CEO of Authtrail, underlines the vision of the company and concludes: "Authtrail is supported by several Angels and several VCS and will help companies use high-quality data that is equipped with integrity, while they are seamless and inexpensive in the daily Implement the operation. ”
Source: Crypto-news-flash.com
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