THELOGICALINDIAN - On the Bitfury blog Executive Vice Chairman George Kikvadze delivers a usecase for the Bitcoin blockchain as a aegis layer
In an anytime agenda world, why do we still await on cardboard affidavit for our best important pieces of information?
Many Paper Documents Already Function Digitally
Kikvadze highlights the archetype of an all-embracing flight to allegorize the phenomena.
Not continued ago, this could absorb a diffuse claiming at the border, whilst admiral anxiously advised your passport. Whereas nowadays we accept agenda authorization and facial scanners. If we charge to collaborate with a bound official at all, they will accept cyberbanking admission to all our accordant authorization and acceptance information.
So why do we charge the cardboard certificate at all?
Kikvadze argues that we don’t… “but alone if we badly advance our cybersecurity.”
The Digital Version Of Anti-Forgery Features
The capital purpose abounding cardboard abstracts serve today is to assure adjoin forgery. It is harder to adapt with a avant-garde authorization with all its aegis features, than it would be to adapt an cyberbanking document. But it’s the cyberbanking abstracts which counts, absolutely area passports are concerned.
For example, on a contempo cruise my authorization became water-damaged, abashing bisected of my photo, which; let’s aloof say that it was unrecognisable. My acceptance folio additionally had some advice which was illegible. But bound admiral could see that the certificate had not been advisedly tampered with, and I travelled with no issues.
The Bitcoin blockchain could be acclimated to defended a agenda passport.
The Bitcoin Blockchain Doesn’t Just Store Transactions
Wouldn’t it be acceptable if we could abundance our authorization (and added important documents) on our phone? We can already abundance our tickets on it, and it is consistently abutting to hand, sitting in our pockets or bag. But of course, if it got baseborn again somebody could adapt and use you passport. This, of course, would be a bad thing.
But if a agenda signature of that authorization was stored on the Bitcoin blockchain, again the aboriginal adaptation could be authenticated. If any advice afflicted alike hardly again the agenda signature would change, and the adored blockchain adaptation would highlight that.
Bitfury has already started to use such a system, recording agenda signatures for land-titles in Georgia. Without absolution any clandestine information, citizens can prove that their appellation is authentic and unaltered.
It can alone be a amount of time afore cardboard affidavit become boarded to the history books.
Which will additionally be digital… and conceivably alike tamper-proof.
Will Bitcoin be acclimated for added use-cases besides money? Share your thoughts below!
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