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A Blockchain-Based Document Sharing Alternative
Fileverse, a Web3 startup that aims to provide alternatives to popular Google products, has launched ddocs, a blockchain-based collaborative document sharing platform. This new product emphasizes greater privacy and integrates more Web3 features, distinguishing it from traditional document sharing solutions.
The startup is backed by several major Web3 companies and investors, including crypto venture capital firm Factor, angel investor Balaji Srinivasan, and blockchain entities Gnosis Chain and Safe. Fileverse founder Andreas Tsamados informed The Block that the development of this product has been ongoing since 2022. The project has successfully completed several closed funding rounds via the Web3 crowdfunding platform Gitcoin.
Building on the Gnosis Chain: A Smooth User Experience
The Fileverse team created ddocs on the Gnosis chain, with the goal of positioning it as a competitor to Google Docs, while ensuring an easy transition for users. The platform allows users to access this decentralized alternative by simply typing ddocs.new into their browser’s URL search, mimicking the familiar ease of creating new Google Docs with docs.new.
Fileverse clarified in a press release that ddocs does not require users to be cryptocurrency savvy. However, it does support multi-signature wallet accounts powered by the Gnosis chain, allowing users to store hashed versions of documents on the blockchain. This feature acts as a ledger for the stored content, providing a hash representing the information in the document when it is published to the InterPlanetary File System (IPFS). Regardless of the circumstances, users always have a view of their document list that exists off-chain in a peer-to-peer network.
The introduction of ddocs represents a significant step in the evolution of document sharing platforms, bringing the benefits of blockchain technology to improve user privacy and control. This development is part of Fileverse’s broader mission to create decentralized alternatives to widely used Web2 products, giving users greater autonomy and security in their digital interactions.