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- Coinfirm, the British-Polish RegTech firm, the creator of the durable medium solution Trudatum used by companies such as the largest CE bank PKO BP, has started to work together with Dell EMC
- Coinfirm and Dell EMC, who is offering storage solution as well as the WORM matrix, are working on the integration of Trudatum, providing clients with a blockchain based solution enabling new features and security
In recent month Coinfirm joined Dell’s Technologies Forum, which took place in Warsaw on the 11th of September. During this one day event, Coinfirm had engaged in discussions with the broader Dell EMC team as well as their customers and presented the possibilities resulting from Trudatum implementations.
Trudatum is the data provenance and verification platform that allows the registration of document abbreviation in a dispersed network (blockchain) with the digital signature of the owner and registering body. The registered file may be verified by anybody who is the holder of the unaltered copy or abbreviation. It’s a simple and user-friendly tool for the registration and verification of data that solves the problem of the management and safe flow of documents within the organization and with clients. The solution has been recently used by PKO BP to send terms and conditions to over 5 million customers via email rather than the traditional post. In effect not only the documents were delivered in a more customer friendly way, but also the bank was able to save significant amounts of time and money and it was fully compliant with the durable medium requirement.
“Our solution can be added to any type of storage – its integration is very easy and the cost is not related to the amount of data, making it a very efficient solution” – says Pawel Kuskowski, Coinfirm CEO and Co-founder.
During the forum, Coinfirm had the chance to meet not only the local team, but also the international team including Michael Dell, Founder & CEO of Dell Technologies. The next step of the cooperation is a joint offering between Dell EMC and Coinfirm that would be launched in the coming months.
“We are excited to team up with Coinfirm, a technologically advanced and forward thinking company. Both Dell EMC and Coinfirm share the same values with regard to innovation. This synergy will make our cooperation more exciting and effective” – said Dariusz Okrasa, Senior Channel Sales Manager, Dell EMC Poland.
Coinfirm serves as a foundation for the safe adoption and use of blockchain. The Coinfirm AML/CTF Platform uses proprietary algorithms and big data analysis to provide structured, actionable data that increases efficiency, reduces costs and streamlines compliance to near automation. The company is currently analyzing over 500,000,000 addresses and close to 10,000,000,000 transactions on digital currencies markets.
A recognized leader in their field and among the most influential blockchain and regtech companies, the blockchain agnostic platform benefits not only companies operating around blockchain but also major financial institutions, asset management, and BI companies.
Coinfirm also develops dedicated blockchain solutions such as their data provenance platform Trudatum, currently being piloted for adoption by multiple financial institutions. Trudatum is an easy to use blockchain solution to register and verify the ownership and authenticity of any type of document, file, or data.
About Dell EMC
Dell EMC, a part of Dell Technologies, enables organisations to modernise, automate and transform their data center using industry-leading converged infrastructure, servers, storage, and data protection technologies. This provides a trusted foundation for businesses to transform IT, through the creation of a hybrid cloud, and transform their business through the creation of cloud-native applications and big data solutions. Dell EMC services customers across 180 countries – including 98 percent of the Fortune 500 – with the industry’s most comprehensive and innovative portfolio from edge to core to cloud.