We believe in the transformative potential of blockchain technology. However, for this potential to be fully realized, trust and security are paramount. The current challenges of fraud and opacity hinder the widespread adoption of blockchain technology and inhibit its ability to revolutionize various industries.
Per capita fund losses surpass those of any other industry, a staggering $14B was stolen in 2022 alone, twice as much as the $7B in direct losses from all non-crypto cybercrime.
With the OnChainTrust solution, the risk of frontend and supply chain attacks could be eliminated, as we build the protocol to ensure that users interact with trusted counterparties. Even if the website or smart contract of a Dapp is hacked, Dapp owners have the opportunity to halt all interactions with their website with a single click until they regain control of the platform.