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Cryptocurrency News Articles

Simple Proof: How Bitcoin Safeguards the Integrity of Real Information

Aug 07, 2024 at 02:03 am

In the age of digital records, how do we know that data has not been tampered with? Rafael (Rafa) Cordón has an answer.

Simple Proof: How Bitcoin Safeguards the Integrity of Real Information

Simple Proof, a Guatemalan company founded in February 2023, is using Bitcoin to safeguard official data and prevent fraud. The company's technology, which leverages Peter Todd's OpenTimestamps protocol, has been used in high-profile events such as the 2023 Guatemalan presidential election.

Simple Proof is currently in talks with various government officials and private companies interested in using its services to attest to the authenticity and integrity of public records, including election results, birth certificates, and land titles.

The company's goal is to expand its reach and make its technology accessible to a wider range of institutions and individuals seeking to protect digital information from manipulation and falsification.

Original source:bitcoinmagazine

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