Name of beneficiary: Blocksafe Limited Liability Company

Project title: Development of a cloud-based blockchain solution for the recording and validation of verbal agreements and contracts

Contracted amount of aid: 29 660 160 Ft

Amount of aid: 59.58%

Project ID: VEKOP-2.1.7-15-2016-00061

Short description: The aim of the project is to develop and prepare the market launch of a cloud-based solution that will enable the recording of audio material, in particular oral contracts, in an indestructible, uncorruptible format that allows for unique identification, and the secure storage and retrieval of the resulting documents. The result thus contributes to the legal certainty and the fulfilment of the cooperation of both operators and public authorities. Within the framework of the project, Blocksafe Ltd will design and implement the IT system of the solution, both the backend (server-side) and the frontend (user-side) components; the training materials necessary for the use of the solution. The solution to be created under the tender will be unique both in Hungary and in the countries of the European Union and the wider global market, providing a cost-effective, easily scalable solution based on modern technologies to a critical unmet business need.