Simple Proof, a company founded in February 2023 by Rafael Cordón and Christian Lowenthal, is making waves in the world of digital records. Based in Guatemala, the company aims to safeguard official data using the Bitcoin blockchain.
In a recent interview with Bitcoin Magazine, Cordón explained how Simple Proof works to uphold information integrity. The company leverages Bitcoin Core developer Peter Todd’s OpenTimestamps protocol, which timestamps information onto the immutable blockchain using hash functions.
Cordón described the process in simple terms, stating that Simple Proof takes the hash of a document, which acts as a digital fingerprint. This hash is then included in a Bitcoin transaction using the OP_RETURN function, allowing it to be stored immutably in a block on the blockchain.
While Simple Proof does not ensure the authenticity of the data it helps store, it has already made an impact in safeguarding information. The company was employed to prevent fraud in Guatemala’s presidential election, and Cordón and his team are in talks with various government officials and private companies interested in utilizing Simple Proof.
One of Simple Proof’s recent clients, whose identity remains undisclosed, has contracted the company to develop an application for managing public records. This client will store their proofs privately, with the option to reveal them if needed for authentication in the future.
Looking ahead, Simple Proof is advancing its technology with the help of new team member Carlos Toriello. Toriello, who oversaw a vote audit in Guatemala, is now working to have Simple Proof preserve the integrity of election results in a US county.
As Simple Proof continues to grow, Cordón remains focused on the importance of tools like Simple Proof in the fight against disinformation. He believes that technologies like digital signatures and blockchain can play a crucial role in authenticating documents and protecting against misinformation.
With the rise of AI tools and evolving technology, Cordón emphasizes the need for robust defenses to ensure the integrity of information in the digital age. Simple Proof is just one piece of the puzzle in this ongoing battle against misinformation and manipulation.
