Using Blockchain Technology to Secure Digital Files
Edward Snowden's public leakage of intel from the National Security Agency (NSA) has been one of the biggest threats to the institution's security and reputation. Cryptocurrency industry experts say that blockchain technology can be employed to prevent this scenario from ever happening again. Blockchain refers to the public ledger of transactions for bitcoin, as each block is added for every verified transaction. This verification process is done by a network of computers solving complex algorithms in a system initially introduced by Satoshi Nakamoto back in 2008. Blockchain Technology....
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Users can take advantage of the cryptographic protection offered by GPG to secure files and data that they want to keep well under wraps.
A blockchain technology company based in Berlin called Ascribe is using the bitcoin-related ledger to help protect artists' intellectual property. The company can enable artists to retain credit to their work even when sharing their work online and can also transfer or sell their rights without having to go through a third party. These are just one of the many blockchain technology applications being harnessed currently, as some have used the ledger to create a secure land registry database or to protect digital files. Blockchain is considered immutable, as the ledger is publicly stored....
Over the past months, there have been plenty of developments highlighting the potential of the underlying technology of bitcoin, which is the blockchain. This refers to the public ledger of transactions associated with the cryptocurrency, which requires a network of computers solving complex algorithms to complete verification and add a new block to the blockchain. With these characteristics, blockchain is rendered secure and immutable, as the entries cannot be altered. This has given rise to the use of practical applications, such as creating a database of land titles or enhancing....
It is not like black markets never existed, but Bitcoin technology indeed gave them a simplified and secure platform to trade in and flourish. As developers continue to experiment with this new decentralised P2P payment network, some among them seem to be actually creating ills out of it. In this case, we are speaking about Darkleaks - a blackmarket running on the Bitcoin blockchain for leaking "confidential secrets, hollywood movies, software exploits and so on." Wikileaks or Darkleaks. Their introductory post describes Darkleaks as some tool that can trade any kind of confidential....
Non-fungible tokens (NFTs) are a unique data unit contained within a digital ledger and cannot be interchanged. They are used as a representation of items that can be reproduced easily like artwork, images, videos, and audio files, among other digital files. NFTs are unique in their own way, using the blockchain technology in building a verified and accessible certificate of ownership. Happy Hippos are a class of AI-generated NFTs randomly produced via a programmed mechanism and base on based on the Ethereum blockchain. The Hippos have been developed from more than one million varieties....