A blockchain-based system to safeguard the uniqueness, authenticity, and transferability of digital documents.
Blockchain
WaveBL’s technology uses blockchain, anonymization, and encryption technologies to ensure the authenticity and transferability of each digital document. The blockchain technology ensures that all transactions on our WaveBL eBL platform are tamper-proof without any interference in the business workflows. Data is owned and controlled exclusively by our customers.
Direct data flow between users
The Peer-to-Peer (P2P) technology guarantees that documents are transmitted directly between users. This means that we, as WaveBL, are never a principal in the transaction, neither commercially nor legally. The user identity verification and Know Your Customer (KYC) processes are only done by members of the WaveBL network themselves.
Privacy
The Distributed Ledger Technology (DLT) and our accompanying Anonymity Layer ensure that the identities of our platform users are concealed from prying eyes. Furthermore, DLT also ensures that all transactions on our platform cannot be manipulated or altered.
Encryption
All user data generated by transactions on our WaveBL platform is end-to- end encrypted. This encryption is done using a combination of symmetric (AES) and asymmetric (RSA) keys, without passing through the WaveBL servers. This encryption technology is a secure payment method for trade transactions.
Digital Signatures
WaveBL employs non-detachable digital signatures that are registered in the blockchain ledger to prevent removal or tampering. The use of these non-detachable digital signatures ensures that the document is valid and authentic.