Use case
Verify Employment Records in Seconds
Employer
Issues employment record + Checksum proof
Employee
Submits document to lender
Financial Institution
Verifies authenticity in <1 second
Employment verification shouldn't require a phone call
An employee applies for a mortgage.
The financial institution receives an employment record showing their position, salary, and employment status.
But how does the lender know the document is authentic and that the figures haven't been changed?
Today, the institution may need to obtain the employee's consent to contact the employer, reach the employer's HR department, and manually verify the information.
What should take seconds can take hours or days.
Employee
Consent
Lender
HR
Manual Verification
Lender
The employer can proof the document before it leaves the organization
The employer creates the proof at the source.
When the employer issues the employment record, Checksum creates a cryptographic fingerprint tied to that document.
The employee can then share the document with any authorized financial institution.
The institution can verify the Checksum proof and determine whether the document still matches the employer-issued original.
Employer
Employment record + Checksum proof
Employee
Shares document
Financial Institution
- ✓ Authentic
- ✓ Unchanged
- ✓ Verified