Key functions

The ivault Chain is crucial for storing and securing user data, supporting a host of functions in the ivault app.

1. Secure data storage: The ivault Chain acts as a distributed ledger, creating an immutable track record of transactions and activities on the blockchain. This means no one can hack or manipulate the data.

2. Encrypting and protecting user data: details about items, transaction history, ratings and other data is stored securely on the blockchain, safeguarding user privacy.

3. Secure transactions: records peer-to-peer transactions on the blockchain and users have a record for their payments.

4. Genuine ratings and reviews: no more fake feedback. ivault’s ratings and reviews are anchored to verified transactions recorded on the blockchain, so users can trust their authenticity.

5. Seamless experiences: securely automate escrow services and transactions using smart contracts. For example, releasing funds after an item has been dropped off, or even resolving disputes.