FOR IMMEDIATE RELEASE
DAYTON, OH – February 27, 2018 – 10XTS, a blockchain technology innovator, is proud to announce that its development team placed second in the regional division of the global Legalhack hackathon, showcasing a groundbreaking blockchain solution aimed at enhancing access to benefits for U.S. military veterans. The proof-of-concept application presented by 10XTS leverages blockchain technology to secure and streamline the management of veterans’ essential records, ensuring more efficient access to benefits and reducing the need for complex legal assistance.
The hackathon project, inspired by the challenges veterans face in accessing benefits, tackled issues such as mental health care delays, bureaucratic backlogs, and disconnection between veterans and the agencies designed to support them. Many veterans, particularly those struggling with homelessness or mental health challenges, often lose or lack access to essential records, such as the Department of Defense DD-214 discharge document, which verifies their service and eligibility for benefits. Without these records, veterans can be excluded from life-saving benefits and services, exacerbating homelessness, untreated mental health issues, and even premature deaths.
10XTS’s solution addresses this critical need by encoding DD-214 discharge documents on a secure blockchain. This approach ensures that veterans’ discharge records are easily accessible to authorized agencies, creating a digital, tamper-proof version of their service history that is readily available even if physical copies are lost. By allowing veterans and approved service providers secure, blockchain-based access to these essential documents, the solution reduces the friction and delays often associated with accessing veterans’ benefits.
“Veterans should not be denied benefits simply because they lack the means to store or retrieve their service records,” said John “Codewookie” Bentley, CTO of 10XTS. “Our blockchain-based proof-of-concept provides a solution that could bridge the gaps in veterans’ access to benefits, improving outcomes and potentially saving lives.”
10XTS’s participation in the Legalhack hackathon underscores the company’s commitment to using blockchain technology to address real-world challenges. The 10XTS team collaborated closely with other developers, legal experts, and advocates throughout the hackathon, gaining valuable insights into the complexities surrounding veterans’ benefits and identifying opportunities to simplify the process through innovative technology.
Challenges Facing Veteran Benefits Access and the Need for Blockchain Solutions
Veterans often face numerous hurdles in securing the benefits they are entitled to, including legal barriers, bureaucratic delays, and logistical challenges related to managing and verifying essential documents. For veterans experiencing homelessness, these barriers are even more pronounced, as the lack of stable housing often means losing track of essential documents, which leads to a vicious cycle of inaccessibility. This, in turn, perpetuates mental health struggles, untreated health conditions, and financial instability.
By developing a blockchain-based solution, 10XTS is working to bridge the gap between veterans and the agencies responsible for delivering their benefits. Through a secure, distributed ledger, veterans and authorized agencies can easily access encoded discharge documents, creating a decentralized yet verified record that can be shared without risking data tampering or loss. This approach has the potential to improve collaboration among the Department of Defense, Veterans Affairs, and local agencies, fostering a unified approach to veterans’ benefit access.
The 10XTS project’s successful ranking in the hackathon demonstrates both the viability and the value of blockchain applications in addressing these significant challenges. It also highlights the potential for future solutions to streamline access to essential services for vulnerable populations, creating new standards for transparency, efficiency, and accessibility within the social services sector.
About Legalhack Hackathon and 10XTS’s Commitment to Social Impact
The Legalhack hackathon is a global event that brings together technologists, legal experts, and innovators to address pressing issues within the legal sector through technology-driven solutions. Participants are encouraged to develop applications that tackle challenges across a range of legal and social issues, fostering collaboration between developers and advocates. The hackathon serves as a platform for innovative, socially impactful projects like 10XTS’s blockchain solution for veterans.
10XTS’s achievement at Legalhack aligns with the company’s mission to leverage blockchain technology to improve access, transparency, and efficiency across various sectors. As part of its commitment to social impact, 10XTS continually explores new ways to apply blockchain to real-world challenges, particularly those affecting marginalized or underserved communities.
About 10XTS
10XTS is a blockchain technology company focused on delivering secure, efficient, and transparent solutions for data management and asset tokenization. With innovative products designed for both public and private sector applications, 10XTS aims to empower businesses, governments, and individuals to leverage blockchain as a transformative tool for enhancing transparency and accessibility. The company’s commitment to social impact and community development drives its focus on building solutions that address critical issues and improve outcomes for individuals and communities.
Media Contact
10XTS
Email: info@10xts.com
Website: www.10xts.com
