Block Systems Inc. Announces Apocrita: New Access Management Platform With Innovative Revenue-Sharing Model

SAN FRANCISCO, Sept. 21, 2018 /PRNewswire/ -- Block Systems Inc. recently unveiled the development of Apocrita (https://apocritaaccess.com/), a digital-access platform that promises to fix a deeply flawed access system currently dominated by outdated third-party authentication models. Apocrita offers user identity privacy with solutions that run on top of web-based technologies and maintains competitive pricing due to much lower infrastructure costs, while also incorporating blockchain technology and a unique revenue-sharing incentive.

Apocrita's foundation was built on a distributed platform that stores a ledger of operations in the blockchain and allows nodes to live inside web pages. This transforms all navigating web browsers into candidates that can join the network and contribute to solving operations.

Apocrita also incentivizes contributions through a reward model that allows online content monetization, which then becomes the access platform's vital second business: providing an alternative to digital advertisement. The Apocrita prototype is currently live and on display via the company's website, with mobile and desktop versions now in development.

Block Systems Inc. created Apocrita to address a threefold problem experienced by current access platforms, which do not contend with evolving digital identity models.

• Disconnection — Current access management solutions fail to address the varied needs of end users, who all have multiple identities across the web. These technologies make it often impossible to organize the identitis and accounts which inevitably develop from a mixed professional and personal digital life.
• Expensive — Conventional centralized solutions are both expensive to scale and protect. Existing access management platforms rely on large private infrastructure. This common design results in higher costs when compared to most decentralized approaches.
• Uncontrolled — Access-related services use models that are based on the number of users and not in actual service usage. This leaves businesses with no control over their budgets.

Apocrita's Revenue Sharing Approach to Access Management

Apocrita supports the World Wide Web and needs no special download or setup. Like modern web-based services, Apocrita provides a small code snippet that can be included in any website and allows viewers easy access to the network. Peers in the blockchain assist validation of transactions and reply to access requests.

All transactions end up in a block, creating a public access ledger that is primed for audits and validations. As peers collaborate in the platform, they are rewarded, and current profit-sharing models promise returns of around eight percent of Apocrita's overall revenue.

"Apocrita is unique because not only are we decentralizing how digital access is handled, we are also using a revenue sharing model that builds a strong peer-to-peer network community. This allows us to offer lower prices when compared with other access solutions, provides digital creators an alternative monetization model to traditional advertisement, and provides end-users an easy access solution that supports multiple digital identity models," said co-founder, CEO and CTO Diogo Strube.

About Block Systems Inc.

Founded by Ed Costello and Diogo Strube, Block Systems Inc. was formed to solve complex and ubiquitous access management limitations. Creating the company's flagship access manager, Aprocrita, for developers and administrators, Block Systems designed a distributed web platform that is powered by revenue sharing and enabled by blockchain technology. Aprocrita's overarching goals are to simplify user access while reducing overall costs, as well as provide a monetization model that is an effective alternative to digital advertisement. Learn more at: https://apocritaaccess.com/.

Contact:

Diogo Strube de Lima, CEO & CTO
+1 (408) 718 6265
[email protected]

View original content to download multimedia:http://www.prnewswire.com/news-releases/block-systems-inc-announces-apocrita-new-access-management-platform-with-innovative-revenue-sharing-model-300716343.html

SOURCE Block Systems Inc.

[ Back To TMCnet.com's Homepage ]