Storage and sharing of private information are big issues these days as the centralized platforms are susceptible to data breaches, exposing the identity of users and exploiting their privacy. The Andia protocol allows us entities to interact with each other only when there is a need for compliance, transactions, or KYC without exposing their personally identifiable information.
Our Blockchain-based protocol allows us to scan personal documents in a secure & anonymous way, enabling companies and third parties to verify the authenticity of the documents using the blockchain, without the need of storing any personal data of users. Using homomorphic encryption, once the data is verified, they are wiped off and only the hash representation of the document is stored and distributed on the blockchain.
Our protocol is designed to enable parties to share information securely by a smart contract, re-enforcing the rules of sharing specific information only by a transaction. In this way, information can be shared between environments where there is no trust, or without compromising the complete database.