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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Imagine a will/testament set on a timer so that it is executed automatically upon the death of its creator. No, it is not as crazy as it sounds. Thanks to the blockchain, it is now possible. Blockchain, one of the most important elements in Bitcoin technology is responsible for enabling Bitcoin transactions between peers. Blockchain is a glorified ledger in the Bitcoin network. Apart from playing a role in transactions, blockchain has other applications as well. Blockchain is extensively used in proof-of-existence platforms designed for various purposes. Some of the well-known platforms in....
Bitcoin Blockchain presents us with endless possibilities. Apart from being a ledger for bitcoin transactions, Blockchain has expanded to accommodate various applications. It is now being increasingly used to create proof of existence, intellectual property management, medical records management, smart contracts and even internet of technology applications. Proof-of-Existence on Blockchain for IP and Innovation. Blockchain provides a secure, transparent and economical way to file and manage documentation. Each non-transactional entry on the Blockchain will have its own hash key which can....
Proof of existence is an online service to anonymously & securely store an online distributed proof of existence for any kind of document. In this way, the blockchain technology can be used as a notary service. Yes, this notary system has a difference. The difference being that the 'proof' which is basically an 'acceptance' by someone with authority to accept or reject, is decentralised in nature. Consensus as a service. This creative application of the bitcoin technology can revolutionise the intellectual property rights landscape for artists, legal systems, journalists and authors. I....
As the world (or at least a part of the world) moves towards bitcoin, there are few in the scientific community who are using the same technology behind bitcoin for a different purpose. Astroblocks, a project by Blockchain University graduates Dr. Jeff Flowers and Yvonne Tang is directed towards the most important aspect for the scientific community - establishing the proof of discovery or invention. Astroblocks is a proof-of-existence platform for science and innovation. In order to use the system, the user logs into the Astroblocks web platform and describes his observation. The system....
The bitcoin block chain is well known for its use as a ledger for digital currency transactions, but it has the potential for other, more radical uses too - uses that are only now beginning to be explored. The online service Proof of Existence is an example of how the power of this new technology can have applications far beyond the world of finance, in this case, giving a glimpse of how bitcoin could one day have a substantial impact in the fields of intellectual property and law. Although in its initial stages, Proof of Existence can be used to demonstrate document ownership without....