Regulated industries are often forced to jump through hoops in order to exchange documents, at times being forced to use physical documents. In the United Kingdom alone, the finance sector sends an estimated 5.2 billion documents a year by post. ALT/AVE aims to make this legacy approach actually a thing of the past through the introduction of docStribute.

DocStribute allows for even the strictest of organizations to be able to leverage digital documents through immutable documents. For regulated institutions, docStribute required a way to garner the most trust between each participant. Part of their solution is to create an immutable hyperlink and file to strongly guarantee the information being exchanged has not been tampered with. To create immutable and verifiable information ALT/AVE considered distributed ledger technology.

The team needed a way to send data to a public ledger in a sustainable manner. DocStribute uses Hedera Consensus Service to create an immutable log of each document, ensuring that it hasn't been modified. Upon a document's creation, the document is hashed. This hash is sent as a message to a Hedera topic, put into consensus order and given a timestamp by the Hedera network. This enables all parties to have confidence in the trustworthiness of their documents; able to revalidate the hash of the document to ensure it has not been tampered with.

For businesses, the ALT/AVE team believes the ability to rely on trusted and immutable documents creates an opportunity for all industry processes to be digitized; increasing efficiency while reducing costs and their attack vectors.