Proof-of-Existence on Blockchain for IP and Innovation

Proof-of-Existence on Blockchain for IP and Innovation

The Bitcoin technologies, namely blockchains are sidechains are used for various other purposes than just for registering and facilitating transactions over the Bitcoin network. Some of the new companies like Astroblocks and Bitproof are building Proof-of-Existence platforms (there is also another platform by the same name) over the Bitcoin blockchain. These Proof-of-Existence platforms provides a smart tamper-proof way of storing encrypted information on the Bitcoin blockchain. Each file stored on the blockchain will be associated with a unique irreplicable transaction hash. These....


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