Silent Notary: Secure storage of evidence in the blockchain
Technology is changing the traditional way we handle many things. These days, the cryptocurrency has been positioned to such an extent to provide their users with ATMs to make transactions. Throughout our lives, we make decisions and do things that will always have consequences. Sometimes this can have a negative impact and it is necessary to have evidence that protects our interests and defend us.
In previous days, this process was very tedious and long but now, thanks to the development of technologies such as social networks, byzantine fault tolerance, and smart contracts, everything is easier. You can access that information at any time regardless of location.
Silent Notary is a new system that promises to take care of all your evidence and ensure that you can review it through technological devices as your smartphone. Elements such as your correspondence, photos and videos can be stored in digital. It does not pretend to become a notary, which is characterized by being centralized.
On the other hand, Silent Notary focuses on being a decentralized institution that makes it possible to establish in an unambiguously way the existence of an electronic document at a certain time. The basis of this system has a sophisticated mathematical algorithm that is very easy to use. You can secure your evidence in the block chain. All information will be stored in thousands of computers with permanent confirmation of authenticity.
This system has an app and you establish an intelligent contract that runs on a decentralized Etherium virtual machine. The use of the system is very easy, through messengers who use chatbot. The creators think about the clients and that is why they designed this type of chat where you can upload documents, photos and video files in a familiar way.
The chatbot has been built in FB messenger, which is very convenient because according to statistics, the number of active users in messenger in the 1st quarter of 2017 is 1.2-billion-people. This organization led by Breus Maxim, has an interesting route map divided into three points:
The scheme of the guarantee function is quite simple and we will explain it in a short and precise way. You through the chatbot will select the "Witness my data" and "Send data" option. After several interactions, a file is formed that includes the date, valuable details of the document and the document itself.
After this process, the SHA-256 algorithm calculates the hash of this file and with the help of a smart contract is written in block chain Etherium, which means that the file itself is stored in a storage.
The user then receives a hash consisting of the result of calculating the hash function in the user's file, Txhash that is the hash of the transaction in the block chain Etherium and a link to the document in his personal account that users can visit anytime and anywhere.
This type of service can be useful in many scenarios of life. Here are some examples of using this promising service.
Very interesting post. I am thinking of ways this could have drawbacks but the benefits seem to be great.