Document distribution is critical to the function of virtually every business in every industry. Late documents, lost documents, or delays in transfers can cause significant losses in many different situations. Similarly, many businesses transmit documents of a highly sensitive nature that must be adequately secured.
A new blockchain based platform aims to change this by bringing document distribution onto the blockchain. Aston Auto Document Distribution has recently announced a next generation document distribution platform that they claim will make document distribution headaches a thing of the past.
Aston intends to launch an initial coin offering to gather the capital necessary to develop their platform, which will be built on top of the X-chain blockchain, which offers a number of advantages over other blockchain technology. The platform will evolve into a completely distributed, decentralized document distribution platform that makes third-party document authentication and transfer redundant.
In this article, we’ll take a look at the Aston platform and find out what it plans to deliver. We’ll also break down the specifics of the Aston initial coin offering and examine the white paper to help you determine whether it’s worth getting involved.
What Is Aston?
The Aston platform is a secure automatic document distribution platform that delivers multi-factor authentication at every step of the way. The platform integrates a number of different blockchain technologies to ensure high levels of security, such as X-chain and Smart-PassOn, which is a unique and highly effective security layer.
Interestingly, the Aston solution is harnessing security technology developed in tandem with LGU+, one of the largest mobile carriers in the world. The Aston platform is intended to address the issue of the inherent security flaws that are present in the current paradigm of electronic document distribution. Currently, there are very few services that are able to deliver secure document transmission.
Blockchain technology itself is highly secure, but is not well adapted to the storage and circulation of electronic documents that need to be updated on a regular basis. Aston will operate on a new blockchain network called X-chain, which is uniquely suited to the distribution, circulation, and management of secure documents.
The X-chain network replaces contemporary blockchain architecture with a multi-dimensional structure that facilitates vastly scalable electronic document authentication. In addition to a wholly new blockchain architecture, the Aston solution incorporates a security layer called Smart-PassOn.
Smart-PassOn integrates both public key infrastructure and biometric signature authentication to create highly effective two-factor authentication at every level of the platform. One of the most promising aspects of the Aston platform is that it’s already in use at a number of enterprise businesses and hospitals in Korea, which means there is already a scalable, viable product for the ICO to support.
Aston has publicly commented on the potential applications of the Aston platform at a seminar on the upcoming initial coin offering:
“We are extremely excited to introduce this new Document Distribution Platform to the market. Hospitals, Banking Institutions and Governmental Organizations are just a few that will be adopting this technology in the near future. It wouldn’t have been possible to have such success with our ICO Launch without the support from so many players in multiple industries. This ICO is going to be one for the record books and we can’t wait to see consumers benefit from it by getting their documents where they need to be at the speed of light!”
In addition to providing secure document transmission, Aston will also offer users a secure Aston wallet, available in both a normal wallet solution and an Aston business wallet. The Aston wallet will allow users to authenticate their identity using smartphones or other smart devices, as well as confirm and request documents and view the activity logs of documents they are managing.
The Aston ICO
The Aston ICO is scheduled to begin in December 2017, and is set to raise over 286,000 ETH between December 6th and December 17th over both the pre-sale and the crowd sale. During the pre-sale, investors will receive a 30% bonus, while the crowdsale will offer just a 15% bonus.
Fully half of the proceeds generated during the token sale event will be used for development, while 30% will be reserved for marketing and promotions, with the final 20% reserved for operational and legal expenses.
The Aston ICO is a unique platform in the currently token sale space in that it already has a viable product that is in use today. If you’re looking for a promising new ICO to consider investing in, Aston is definitely worth a close look.