Document Management on Blockchain (VirtualVaults)
USE CASE

Document Management on Blockchain

Document management systems can be used for any type of document. Adding blockchain helps with authenticating everything that takes place in a DMS.

Virtual Vaults

Involved parties

Enterprise clients

Business challenges

Evidence of date and time

In case there is a dispute about when and at what the exact time a document was uploaded, you need to be able to verify this reliably.

Document authenticity

In case there is a dispute about which document and it's content was uploaded, you need to be able to validate which one is the original one.

Document verification

Documents that are shared and used by multiple parties need to be trusted by everyone involved, and independently verifiable.

Solution overview

Immutable files

A document can be represented as a digital fingerprint by 'hashing' the document. LTO Network stores the hash of this document through a with LTO Network connected systems Anyone with access to the data can verify the document by hashing it and comparing it against the stored version.

LTO Network - Immutable files
LTO Network - Verifiable timestamp

Verifiable timestamp

Not only the hashed document (fingerprint) is stored on the blockchain but also the timestamp of the document. By making documents verifiable and independently auditable, they become more valuable. LTO Network creates portable proof of your timestamped claims. These blockchain-based verifications can be shared and transferred to other parties.

No need for third party verification

Using the on open standards-based LTO Network is, any party can independently verify the authenticity and timestamp of the document, without having to rely on a trusted third party.

LTO Network - No need for third party verification

Advantages using LTO Network

LTO Network - Rock LTO Network - Rock LTO Network - Rock LTO Network - Protection against claims

Protection against claims

The evidence that a document has been uploaded by a person in the data room or other document management system is indisputable. This protects your organization against potential claims.

LTO Network - Rock LTO Network - Rock LTO Network - Easy integration

Easy integration

With LTO Network, you don't have to change your entire IT infrastructure. You can use your existing systems and applications to administer, record, and communicate with LTO Network. The implementation of LTO Network is as simple as connecting an API.

LTO Network - Rock LTO Network - Rock LTO Network - Data governance

Data governance

Documents uploaded and the blockchain receipt with the details of the upload can never be altered. Therefore, you have a foolproof record of everything that goes in and out of your dataroom. LTO Network combined with Virtual Vaults makes it easy to manage who has access and whether documents where viewed, downloaded or removed.

Theme
LTO Network solution
Traditional solution
Theme
Security
LTO Network solution
LTO Network solution

In Virtual Vaults documents are saved securely, and hashed for proving its existence at a certain moment.

Traditional solution
Traditional solution

Physical and centralized storage is prone to file losses, hacks and manipulation.

Theme
Counterfeiting
LTO Network solution
LTO Network solution

Blockchain technology ensures immutable and authentic document records.

Traditional solution
Traditional solution

Identification of counterfeited paper documents is time consuming costly.

Theme
Sharing
LTO Network solution
LTO Network solution

Creating an audit trail of document sharing and version control allows for independent verification of the documents.

Traditional solution
Traditional solution

Sharing documents in a secure way is complex and inefficient.

By implementing LTO Network into Virtual Vaults, new product opportunities arise. It prevents potential disputes about the discussion whether a file was uploaded in a M&A deal or you can prove that IP actually belongs to your organization instead of the one filing for a patent.

Jeroen Kruithof
CEO of Virtual Vaults
Run a node

Run a node

Set up a node on your local machine or in the cloud. It only takes minutes.

Stake LTO

Stake LTO

Become a validator on mainnet and share the non-inflationary network rewards.

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