Why Carmentis
With digital transactions becoming increasingly vulnerable to manipulation, the global demand for secure, decentralized and verifiable solutions is critical. Carmentis meets this need by offering a platform that ensures data integrity and privacy. The World Economic Forum ranks digital fraud as a top global risk, with deepfake fraud attempts increasing 31-fold in 2023 alone. The Carmentis platform targets sectors heavily impacted by data fraud, including finance, logistics, and digital content, representing a multi-billion-dollar market.
Restoring trust in the digital economy
Carmentis is a blockchain-based data integrity solution that digitally fingerprints data sources and securely records them on a private, permissioned ledger (micro-blockchain) as authenticated proof of origin, providing verifiable data integrity proof for all parties in transactions. Whether it be digital records, videos, files, social media posts, communications or payment records, Carmentis definitively proves the existence of the data in its original form and cannot be tampered with or altered after the fact. Each ledger record is anchored in the blockchain, either publicly or privately. Public records are openly verifiable, while private records are accessible only by authorised parties, with privacy ensured through standard encryption.
Service operating companies pay transaction fees (in CMTS) to use the platform, while Carmentis validator nodes earn these fees through a Proof-of-Stake (PoS) distribution model. Validators must stake CMTS to operate. Carmentis open infrastructure to connects multiple sources of truth called oracles to certify the existence and authenticity of original data (ID bank records,...) that can be used by operating companies in their data workflow.
Learn more about Carmentis protocol
Learn more on our approach by looking at our overview, explaining the general concept and technical details.