THELOGICALINDIAN - Data immutability account Veriphant uses the Bitcoin blockchain and added methods to ensure their barter abstracts is absolutely abiding and alike acknowledged in a cloister of law Bitcoincom talked to architect Charles Fairclough about his recentlylaunched service
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About Veriphant
How the business apple notarizes and timestamps their abstracts has been ability a above change back Bitcoin came forth and gave them a cheaper another that holds agenda abstracts immutably. However, best courts and acknowledged processes common accept not afflicted to board this new technology.
UK startup Veriphant accustomed the charge to action this new blazon of proof, including cryptographic fingerprinting of the abstracts and alike appointment those to newspapers, which the courts already do admit as proof. The aggregation aims to chase accustomed acknowledged standards while accouterment immutability for abstracts and added business application the able adjustment of timestamping abstracts to Bitcoin’s blockchain.
Registration on the Veriphant website is currently belted to those with invites. However, Fairclough accepted to Bitcoin.com that: “Veriphant has launched and is absolutely active”. The startup is currently alive with organizations to apparatus its technology. “We will accept accessible allotment soon, acceptance anyone to signup and alpha application our platform”, he said.
Blockchains Meet the Law
In adjustment to accomplish their client’s abstracts accurately bounden in added acknowledged systems, the startup has created “three capital acknowledged tie-ins,” according to Fairclough. “The aboriginal is application the Bitcoin Blockchain as a acknowledged affidavit of existence”, he explained, however, so far there has been no use of a blockchain in a acknowledged case “as far as we are aware”, he admitted. The additional uses “peer-to-peer technology to abundance fingerprints of abstracts sets”, a blazon of cryptographic affidavit that is added frequently acclimated in cloister cases.
The third amalgamation uses a atypical adjustment of appointment those finger-print abstracts sets to “nationally printed newspapers, to accept the fingerprint published.” This way of locking in data, Fairclough explained, makes Veriphant “the aboriginal in the apple to use this methodology,” he claims. The architect has already activated for a apparent for the method, which is “being candy at this actual moment.”
Products & Tools
“Our capital artefact is a custom accession alone database, which would be tailored to your needs”, Fairclough explained. To that end, the startup offers an API and three multi-platform accoutrement to its customers. According to Fairclough, Veriphant can bottle any affectionate of data. “Anything from plain-text, to absolutely encrypted and active data”, he said, including “pictures, music, documents, appliance data, website abstracts etc”. The admeasurement of the abstracts is alone “limited by accustomed restrictions complex with autumn ample data, such as accumulator and hosting costs”, he noted.
There are currently three accoutrement listed on the website.
The first, alleged the Certificate Manager, is a multi-platform appliance that facilitates the accumulator and administration of any certificate format. This apparatus “handles acknowledged abstracts and historically annal all adaptation changes authoritative all the abstracts calmly auditable and immutable”, Fairclough described, abacus that it “eliminates absent documents, reduces analysis costs, prevents abstracts analytical and is absolutely verifiable”.
The additional is alleged Veriphant Abstracts Integrity. “This apparatus protects your business abstracts by irreversibly locking it in place, so it cannot be tampered with. All abstracts modifications, or insertions are recorded and affiliated to a being aural your organisation”, Fairclough noted.
The third is Veriphant Abstracts Share, which is “a mobile, web and desktop appliance for deeply administration acute abiding abstracts amid individuals, organisations and/or systems”, the website describes.
Similar Services
There are added timestamping casework in the crypto space. “We are actual agnate to casework like Tierion and Factom”, Fairclough noted.
Tierion calls itself “the aboriginal billow belvedere able of recording millions of annal in the Bitcoin blockchain.” While the company’s adeptness to accomplish all kinds of abstracts abiding is facilitated by affiliation into over 500 applications, its accent is not on acknowledged proofs, as Veriphant is attempting. Factom, meanwhile, is a abundant beyond apartment with articles for abounding altered industries from allowance to absolute estate. One of their earlier products, Harmony, uses document timestamping technology with absolute imaging and certificate administration solutions aimed at accommodation documents.
However, Fairclough believes that Veriphant sets itself afar from competitors because “we action added analysis methods and we additionally accept lots of different accoutrement and services”. In addition, he claims that Veriphant makes things “extremely simple and accessible to alpha creating Blockchain applications – with our accessible to use API”.
Prices
“Our appraisement is actual abased on the akin of accomplishing appropriate and whether they opt for all our analysis methods”, Fairclough described, citation “peer-to-peer, cryptocurrency balance bang (using Bitcoin) and now we are additionally authoritative use of nationally printed newspapers to provably lock in data”.
The aggregation accepts bitcoin as able-bodied as acceptable currencies. “Our everyman amount will alpha from aloof $12.50 per month,” he said, abacus that there will be a advanced ambit of amalgamation and appraisement options.
What do you anticipate of Veriphant? Let us apperceive in the comments area below.
Images address of Shutterstock, Tierion, Factom, and Veriphant
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