What is Registry Blocks?
REGISTER ITEMS & DOCUMENTS IN THE BLOCKCHAIN.
Registry Blocks is a fraud prevention platform based on blockchain technology, for decentralized registration of items and documents.
Registry Blocks technology links any registered item or document to a UniqueID in the Ethereum blockchain database. This opens up endless opportunities, especially in fraud prevention, which Registry Blocks will utilize as explained on this website. By offering an intuitive, multi-purpose environment, Registry Blocks commercializes its blockchain technology to real-world users.
(1) Insurance Fraud
EVERY YEAR BILLIONS OF DOLLARS ARE LOST ON INSURANCE FRAUD: INSURANCE CLAIMS ARE OFTEN OVERINFLATED. THIS IS THE MAIN REASON FOR EVER INCREASING INSURANCE RATES.
While submitting an insurance claim after a theft, victims often feel entitled to add additional items of value to their claim, that are not actually missing. They justify this by stating they paid “more than enough” to the insurance firm over the years.
These illegal claims are often covered by insurances, due to the inexistence of a reliable check for the claimed items. Insurance firms are forced to spread these fraudulent costs over every policy holder, driving all insurance prices up.
REGISTRY BLOCKS INSURANCE IS THE BRIDGE THAT CONNECTS THE UNIQUEID ITEM REGISTRY TO INSURANCE COMPANIES FOR FRAUD PREVENTION. THIS RESULTS IN CHEAPER AND MORE COST EFFECTIVE CONTENTS INSURANCE.
If the owner of the product UniqueID submits a fraudulent claim, this person can never legitimately use, sell, register or insure the item again. This drastically decreases the amount of fraudulent claims, which results in decreased insurance costs.
Registering items also benefits policy holders because they only pay for products they actually own, rather than paying for the average collective spread of all policy holders.
When policy holders register a significant amount of their belongings, insurance firms make much more accurate risk calculations, further reducing insurance costs.
- Reduced costs due to decreasing fraudulent claims.
- Accurate risk calculations in comparison to traditional insurance firms.
- Cheaper insurance due to cost savings of insurance firms
- Exclusively pay for actual belongings.
(2) Document Fraud
DOCUMENT AND SIGNATURE FORGERY IS AN INCREASING PROBLEM. DIPLOMAS ARE FAKED AND BUSINESS CONTRACTS ARE TAMPERED WITH FOR ILLEGAL PERSONAL GAIN, AT THE EXPENSE OF THE INNOCENT.
According to the NY Times, “diploma mills” sell more than 50,000 fake Ph.D.s every year. Ironically, this number is higher than those legitimately earned in the United States. This results in businesses falling victim to employing fraudulent and incompetent deceivers, who steal away opportunities from legitimate contenders with actual degrees.
Scammers often force unsuspecting people to pay off a faked contract for nonexistant computer services or magazine subscriptions the victim never asked for, effectively stealing money from innocent people.
UTILIZING UNIQUEID DOCUMENT REGISTRATION, REGISTRY BLOCKS NOTARY IS THE IDEAL SOLUTION FOR DOCUMENT FRAUD PREVENTION.
By utilizing decentralized storage and document registration, Registry Blocks technology offers several anti-fraud solutions for businesses and private parties alike:
Enhanced eSignature ensures security and authenticity. Any registered document can be digitaly signed by the owner within the Registry Blocks platform. The owner of the document can invite other users to sign this specific document with Registry Blocks eSignature. By merging both signing user IDs with the document serial number, these signatures will be proved in the blockchain.
Notary Self-Service is a key ingredient of Registry Blocks Notary: simplifying the document creation process, improving storage safety and decreasing costs for both private users and businesses.
Users can easily create simple legal documents that would usually require a notary, following the step-by-step templates of the Document Creation Tool.
To expand upon the services conventional notary firms offer, the Registry Blocks Document Creation Tool fully utilizes the decentralized security of blockchain technology. This ensures the document’s authenticity, timestamp, proof of existance and secure storage.
Notary Support enables certified notaries and notary firms to become partners to further enhance the Registry Blocks Notary service level. These partners are listed within the Registry Blocks Notary interface, providing their expertise at competitive pricing to reach the potentially enormous clientele of the Registry Blocks Notary platform. Registry Blocks welcomes partners from all countries across the globe.
BUSINESSES AND PRIVATE USERS:
- Reliable digital signatures.
- Safe document storage.
- Efficient and affordable document creation.
- Proof of Existance for any document.
- Trackable document timestamps.
- Reach potentially enourmous clientele.
- Able to offer enhanced services compared to traditional notaries.
(3) Marketplace Fraud
TRADITIONAL ONLINE AUCTIONS ARE NOT SAFE: ONE IN TEN PEOPLE FALL VICTIM TO ONLINE FRAUD. ONLINE MARKETPLACE SCAMS ARE ONE OF THE FASTEST GROWING INTERNET CRIMES, WITH APPROXIMATELY 70% OF THE TOTAL REPORTED INTERNET FRAUDS.
Conventional online Marketplace platforms all have one common enemy: scammers. Every buyer feels some kind of anxiety after winning an auction bid and transferring their payment. Uncertain if the product will be as described and even wondering if it will arrive at all.
THE FINAL SOLUTION TO SCAMMERS. REGISTRY BLOCKS CREATES THE FIRST SOLUTION TO SAFELY BUY AND SELL GOODS BETWEEN TWO PRIVATE PARTIES.
By introducing the decentralized Registry Blocks powered Marketplace, users will always get exactly what they purchased.
Decentralized Authentication ensures a registered product put up for sale is real and not a counterfeit.
SecureCollect is an optional service to further enhance the Marketplace safety. This user driven feature establishes a third party between buyer and seller to receive, verify and distribute an item purchased on the Marketplace.
Online Marketplace Partners are able to promote and utilize the security Registry Blocks Marketplace offers. Parties like Ebay and Craigslist could, for example, recommend their clients to exclusively buy Registry Blocks authenticated items to enhance security and to prevent getting scammed.
Partners can also utilize SecureCollect services, to further increase buyer comfort and trust.
- Protected from scammers: the registered item exists.
- Purchased item is authenticated.
- Payment upon collecting the item when using SecureCollect service.
- Trustworthy reputation by offering a Registry Blocks registered product.
- Guaranteed to receive payment upon delivery.
- Decrease of scamming on their platform by promoting Registry Blocks technology.
(4) Big Data Scandals
THE AGE OF DIGITIZATION PUTS SOCIETY’S TRUST IN BUSINESSES TO THE TEST: THE THIN LINE BETWEEN EFFECTIVE DATA COLLECTION AND PRIVACY INFRINGEMENT IS OFTEN CROSSED BY POWERFUL COMPANIES FOR FINANCIAL GAIN.
Triple-A businesses fail to properly inform their users about the collection and sharing of their private data, abusing the innocent users’ good faith. Some companies even enable unauthorized third parties to identify individual users and their behavior, by granting access to specific private data that should never be shared.
REGISTRY BLOCKS TAKES FULL RESPONSIBILITY TO GUARD THE USERS’ PRIVACY AND ANONIMITY.
Collected user data will be encrypted and stored decentrally for optimal security. Third party access to personal data will always be restricted to prevent user identities to be tracked. All Registry Blocks datacollection will always fully comply with regulations like the General Data Protection Regulation in the European Union. Registry Blocks is always transparent about the use and collection of personal data and will only do so with the user’s explicit consent. Users will be able to manage their private data on a single page to, for example, extract or remove their personal data.
REGISTRY BLOCKS BIG DATA PROVIDES BUSINESSES WITH INVALUABLE PATTERNS TO FIND NEW MARKETING OPPORTUNITIES OR TO IMPROVE THEIR PRODUCTS AND SERVICE LEVELS.
Registry Blocks item registration generates an unimaginable stream of extremely detailed userdata by linking consumers’ belongings, behaviour and geographical locations. This creates valuable marketing information about consumers’ products and their interests. Registry Blocks will be able to provide businesses with unique and very specific marketing insights.
Registry Blocks Big Data supplies the consumer with personalized advertisements that actually match their desires. Imagine a user who primarily registers red guitars. Guitar manufacturers can now specifically advertise red guitars to this consumer group and blue guitars to users who likes blue, which results in a high conversion rate and low advertisement costs.
Imagine people in a certain district primarily purchase 42″ flatscreens and do not own any sound systems. Marketing efficiency greatly increases because manufacturers know advertising 55″ flatscreens is useless in this district and promote 42″ TVs instead. Additionally, they invest in sound system promotion in this area for strong market adoption.
- Priceless marketing insights.
- Conclusive product and service analytics.
- Leadgeneration by premium advertising.
- Increasing marketing efficiency
REGISTRY BLOCKS USERS:
- Own Your Data: Personal data can be extracted or removed at any time.
- Transparent datacollection with full user consent.
- Decentralized encrypted data storage for optimal security.
- Specific user-personalized offers.
Why invest in Registry Blocks
REGISTRY BLOCKS REWARDS REG TOKEN HOLDERS BY SHARING 100% OF ALL PROFITS.
Registry Blocks as a business, focuses on making profits. By offering numerous services utilizing the Registry Blocks technology in exchange for REG tokens, revenue will be generated. This creates multiple opportunities for Registry Blocks to become a lucrative company, sharing 100% of all future profits with the REG token holders by an innovative reward system.
Initial Coin Offerings
THE REGISTRY BLOCKS ICO WILL START AT JUNE THE 1ST, WITH 50% DISCOUNT ON THE FIRST 0.75% OF REG TOKENS.
An Initial Coin Offering is essential for Registry Blocks to raise funds, reach development goals and become a successful start-up. Registry Blocks tokens (REG) will be created during the Token Generation Event.
Registry Blocks issues a supply of 500,000,000 REG tokens, 65% (325,000,000) will be for sale during the initial coin offering. No further REG tokens will ever be created.
Soft Cap: 750,000 USD / 11,250,000 REG tokens
Hard Cap: 29,906,250 USD / 325,000,000 REG tokens