HOW IT WORKS
We attach a sort of digital footprint to each contract. This document’s footprint is then inserted into the distributed registry, not the document itself. The footprint is unique to each document, so the slightest modification of the data of a contract completely changes its digital footprint.
Document from George Mentes_AXA Car insurance
Creation a digital footprint
The digital footprint is then inserted in the Blockchain
*Blockchain : Distributed and decentralized. Synchronised peer to peer system
You also cannot regenerate the contract with the just the foot print as this only works one way. The footprint itself enables you to verify the contract. This means that all the documents placed in our database are certified and we are then able to make you the promise that your documents will not be modified.
Proof of immutability has many different types of usage:
- Show data ownership without revealing actual data.
- Verifies the data integrity
- Timestamp data
- Proves the ownership of that data
- No third party is trusted
This will prove useful in a variety of sectors:
- Notary and legal services
- Administrative work
- Intellectual property cases
- Supply chain management
- Luxury product certification
- Proof of identity and management
- College degree authentication
- Much more in the future.
The end goal is to make data verifiable without a trusted third party.
“Proof of Immutability brings trust to data.”
“We’re trying to unleash the creativity of an entire generation. We’re building a system, on top of which a thousand applications that require trust can be built”