PRESS RELEASE. Santa-Clara, California – Taraxa has just been released testnet was just used for a process audit platform that minimizes operational friction in multi-party business processes. The Silicon Valley-based blockchain startup builds audit solutions that make database-integrated systems transparent and credible by using data anchoring and cryptographic evidence to mathematically verify the origin and integrity of operational transactions.

Cryptographically secured infrastructure and the flagship application

Taraxa takes operational auditing to the next level with the cryptographically secured audit log and finally solves the problem of capturing unstructured operational data with the highest level of integrity. The purpose-built infrastructure gives legacy enterprise platforms an unsurpassed advantage of transparency and verifiability that automatically captures critical business data to prove the integrity of organizational planning, execution, and assessment.

Taraxa offers a whole range of innovative solutions for a wide range of industrial branches:

  • Independent audit trails and chain of custody of all operations: Automatic and tamper-proof audit trails ensure full process transparency and make process audits a breeze through clear and systematic cryptographic evidence.
  • DLT implementation for companies: one-click deployment, compatible with legacy systems and other dApps.
  • Secure machine secures data at source through an immutable hardware endpoint for data anchoring to ensure the integrity of critical network infrastructure and revenue-generating assets

More business applications are to come

All applications built on top of Taraxa specifically focus on data visibility by implanting trust verification mechanisms into the backbone of operational transactions. Marinate is the first platform built by the team to make it easier to track multi-party processes and day-to-day agreements by anchoring operational transactions in the Taraxa ledger.

With the public test net and the first app to already use Taraxa’s audit trails live, CEO Steven Pu offers a glimpse into the company’s future: ‘The technologies we build can help drive positive and measurable business efficiency from day one without redeploying existing digital business infrastructure‘.

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