ALT/AVE to drive new funding into its DLT offering
Summary
Having secured £535,000 investment, regtech ALT/AVE plans to further develop its distributed ledger solution docStribute, to expand its core uses beyond financial services. The DLT-based technology meets all regulatory frameworks to keep institutions in line with governance protocol while reducing costs, waste, and emissions for its users. When implemented the solution will result in a 95% reduction in paper usage, a 24g decrease in CO2 emissions per document compared to postal delivery and will cut costs by up to 70%. Hedera is a decentralised entreprise-grade public network on which anyone can build secure, fair applications, and is owned by a clutch of world leading organisations: Boeing, Dentons, DLA Piper, EDF, eftpos, FIS [WorldPay], Google, IBM, LG Electronics, Standard Bank Group, and Tata Communications, among others. “This funding will aid further development of the existing product and enable us to continue our push into new territories, extending the deployment of the technology, and research in what direction we may take docStribute next.
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