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What is Cronica
Cronica is a blockchain-based platform that enables banks and institutions to securely generate, authenticate, and retrieve programmable documents. It replaces an imperfect system – of physical authentication, susceptible to mishandling and misuse – with a secure and scalable platform.
How it works
Step 1
An issuer issues a document by securely uploading it to the Cronica platform
Step 2
Cronica prepares the document for authentication. Document data and document representation is split, and digital signifiers are generated
Step 3
Document data is placed onto the Cronica blockchain, retrievable at any time by those with the document’s unique digital signifiers (an ID or QR code)
Step 4
A verifier uses a document’s digital signifier to retrieve the encrypted document data and verify its authenticity. The document may then be reformed by combining the document data with the document’s template
Step 1
An issuer issues a document by securely uploading it to the Cronica platform
Step 2
Cronica prepares the document for authentication. Document data and document representation is split, and digital signifiers are generated
Step 3
Document data is placed onto the Cronica blockchain, retrievable at any time by those with the document’s unique digital signifiers (an ID or QR code)
Step 4
A verifier uses a document’s digital signifier to retrieve the encrypted document data and verify its authenticity. The document may then be reformed by combining the document data with the document’s template
Benefits
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Secure and TransparentCronica uses blockchain technology to combine the security of a vault with the ease and convenience of a website. Documents can be verified by anyone with the associated ID, but only read by permissioned parties
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Fraud PreventionCronica prevents fraud by eliminating physical authentication. Cronica does not rely upon manual handling or human intermediaries. Sensitive data is always protected
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Reduces CostsCronica drastically reduces the administrative burden of document generation, authentication, and retrieval, and minimizes the possibility of human error. Documents cannot be lost or mishandled
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Improved User ExperienceCronica’s simple interface provides frictionless document authorization and authentication – through document ID and QR codes – to encourage end-user adoption
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Added-Value ServiceCronica enables organizations to offer more to their customers with accessible, self-serviceable authentication: verifiers do not need to wait for a reply from issuers to authenticate documents
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IntegratedCronica is fully integrated and modular. Built on the blockchain, it provides programmable document authentication with permission-based access to any existing infrastructure
Integration
Integration
Cronica can be integrated into existing infrastructure, as a standalone or supplementary authentication solution
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