OTTAWA, Sept. 13, 2018 /CNW/ - Leonovus Inc., ("Leonovus" or the "Company") (TSXV: LTV) (OTC: LVNSF) announces a new product offering - the Blockchain Evidence Locker. The Company is taking customer orders for trials in Q4 2018 and expects full deployment of this powerful solution in Q1 2019.
All law enforcement agencies, and related organizations, are faced with massive growth for storing digital evidence. This critical evidentiary information needs to remain true, tamperproof, and with a verifiable chain of custody. Car cams, body cams, CCTV, computers, and all forms of communication records, are driving this growth. Leonovus has developed the Blockchain Evidence Locker to address these needs.
The Blockchain Evidence Locker enables law enforcement organizations to address their storage requirements with confidence that their digital evidence remains available and cryptographically-verifiable. Leonovus' patented algorithms encrypt, shred and spreads data across a network of on-premises, hybrid or multi-cloud storage nodes – allowing for the most secure yet internally accessible form of object-based data storage that provides governance, risk management and compliance across the entire Blockchain Evidence Locker solution. The advanced distributed architecture minimizes latency, optimizes geo-availability, reduces remote backup costs and meets data sovereignty requirements.
Police forces, prosecutors and the courts are required to maintain a detailed chain of custody for all digital evidence. The Leonovus Blockchain Evidence Locker records all evidence submissions, supports access monitoring, reports on new evidence submissions along with update and deletion events. The Blockchain Evidence Locker is directly managed by the agency or police force giving them complete control over the process.
This solution allows authorized third-party organizations to access the evidence. Auditors can view and verify all digital activity regarding the evidentiary assets. This includes having a detailed audit of any changes to the information as well as having absolute knowledge about who has submitted, accessed, or updated the digital evidence.
"The Company has eight law enforcement and public safety agencies in its sales pipeline and we expect most of these agencies to start a paid trial product verification process. The Blockchain Evidence Locker has utility beyond the law enforcement and legal markets. Indeed, the GDPR regulations in Europe and the standard compliance requirements of many corporations demand that corporate data be managed much like an evidence locker," said Michael Gaffney, Chairman & CEO.
This press release may contain forward-looking statements and information, which may involve risks and uncertainties. The results or events predicted in these statements may differ materially from actual results or events. Factors that might cause a difference include, but are not limited to, competitive developments, risks associated with Leonovus' growth, the state of the financial markets, regulatory risks and other factors. There can be no assurance or guarantees that any statements of forward-looking information contained in this release will prove to be accurate. Actual results and future events could differ materially from those anticipated in such statements. These and all subsequent written and oral statements containing forward-looking information are based on the estimates and opinions of management on the dates they are made and expressly qualified in their entirety by this notice. Unless otherwise required by applicable securities laws, Leonovus disclaims any intention or obligation to update or revise any forward-looking statements, whether because of new information, future events or otherwise. Readers should not place undue reliance on any statements of forward-looking information that speak only as of the date of this release. Further information on Leonovus' public filings, including its most recent audited consolidated financial statements, are available at www.sedar.com.
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SOURCE Leonovus Inc.