Swiss Start-up Proxeus in Partnership With Mount10

Proxeus Est., the workflow engine and document generator for creating blockchain applications, has announced a partnership with storage facility, MOUNT10 AG.

This partnership is an element in Proxeus’ goal of disrupting storage and access through blockchain.

“Before Proxeus, the problem was that consumers were faced with an impossible choice: security, or accessibility,” says Proxeus co-founder, Antoine Verdon. “Proxeus lets them have both.”

Military-grade security
Proxeus makes this possible by using blockchain technology. Data is secured with military-grade encryption, while still being easily shareable and accessible. This is achieved by securely transmitting data encrypted by Proxeus on the client’s computer to an off-chain storage on MOUNT10’s server infrastructure.

Access and ownership are controlled by smart contracts designed by Proxeus and made accessible through decentralized Apps (Dapps). This allows users to create digital safe deposit-box, where to share access, a ‘key’ is securely provided via blockchain technology, instead of insecure methods like email.

More than just a typical storage facility, MOUNT10 provides nuclear levels of protection to client data through the use of underground data centers. Referred to as ‘The Swiss Fort Knox,’ it owns and operates two secure data centers in the Swiss Alps and currently provides a range of customers automated, standardized backups.

“As blockchain technology continues to dvance, partnering with someone like Poxeus opens an entire new market to the world of storage and archiving, and that’s a very exciting proposition for us,” says Thomas Liechti, MOUNT10.

This news follows on winning the Early Stage Award at the Swiss Fintech Awards and a successful ICO by Proxeus. The team raised $25 million over two days in a silent ICO with zero marketing budget. $10 million was raised by 20 buyers during the presale, with the remaining $15 million being raised during the main sale from approximately 800 investors. Funds will be used to continue to build the product and the community surrounding it.

“When pitching a previous project, we were once asked by a potential investor ‘How do you intend to boil the ocean‘,” says Patrick Allemann, co-founder, Proxeus. “It was a humbling, but very valid question. We’re answering that with Proxeus. We don’t intend to boil the ocean – we empower companies to boil their own patch of water. The ocean will boil… we just won’t do it alone.”

Built on the Ethereum blockchain, Proxeus offers a robust framework available for decentralized applications. With it, companies can digitize their workflows and start connecting them with smart contracts on the blockchain, resulting in efficiency gains and cost reduction, and opening the door to new business models.