Distributed networks resolve the time-stamp and possession drawbacks mentioned above. Working in a distributed network enables a trust mechanism that makes it much harder for malicious actors to bypass a distributed system’s security with abnormal behavior in a real-time environment.
WAVE BL reimagined an application of asymmetric encryption and digital signatures for members of the supply chain to conduct paper-based global trade transactions digitally. Tying distributed networks to digitally signed document distributions verifies the sole possessor of any given document
and validates the entire hand-off journey of the document accurately.
The ingenuity of our solution enables total confidentiality while working in fully transparent blockchain networks (a type of distributed network), utilizing asymmetric encryption. As a result, WAVE BL eliminates nearly any threat of document forgery and misinformation by embedding a significant security element of exchanging sensitive documents. The supply chain entities can collaborate seamlessly on a singular platform that preserves confidentiality and ensures the authenticity of any digital trade document and process associated with a shipment.
To learn more about the types of digital signatures we offer, download the PDF on WAVE BL digital signature.