Blockchain is a digital ledger, where transactions are recorded in a secure, verifiable and permanent way. The name describes what is quite literally, a growing list of cryptographically stored records that are stored in blocks.
The blocks are linked to each other and inside the block, contains the hash of the previous block, a timestamp and the transaction data. The more ”blocks” in the “chain,” the more difficult it is to breach and the safer the environment.
Do you know those A-List clubs that you can’t get into unless your name is on the special list? If your document is the club, then blockchain is the big muscle-bound security guard checking the list for your name at the gate. Only with SignOnTheGo, we have thousands of those security guards. With blockchain, size matters, the bigger the network, the better the security. SignOnTheGo uses the biggest in the blockchain game to strengthen the document authentication process: Bitcoin.
The size and stability of this network is most in line with SignOnTheGo’s goal to provide a secure and immutable method of authenticating documents-beyond what digital signatures can provide.