BCHGraz - Apostille - NEM Blockchain Tech
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During Meetup #6 we got a presentation from Helmut Siedl about Apostille powered by NEM Blockchain Technology.
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BCHGraz - Apostille - NEM Blockchain Tech
- 1. Apostille Branded, Certified, Transferable, Conjointly Owned, and Updatable Blockchain Notarizations Powered by NEM Blockchain Technology
- 2. Blockchain … Notarization • “Bitcoin is a Blockchain but Blockchain is not Bitcoin” • Notarization is the official fraud-deterrent process that assures the parties of a transaction that a document is authentic, and can be trusted. (Source: Wikipedia) • Apostille is a service & a 2nd layer protocol that additional applications can be built on. • Apostille focuses on using blockchain technology to prove the existence of documents in a dynamic blockchain setting.
- 3. A New Perspective Know Your Object KYC KYO?
- 4. Do More With Blockchain Notarizations Conjointly Own Transfer Notarizations 3rd Party Certification Update and Amend
- 5. Prove Authorship • Use to show authorship • Share rights with others • Keep track of updates and new versions Novel Blockchain Notarization Use Cases Achievement Certificates • Awards can be made non- transferable • Can be certified by multiple parties • Identity and data can be public or encrypted Counterfeit Prevention • Make a notarization for each item • Counterfeiters aren't able to reproduce a certificate • Notarizations can come from officially branded and named accounts
- 6. Two-Party Contracts • Multiple parties sign and upload the file • Additional partners can be added or subtracted • Notes can be added indicating the status of the contract Novel Blockchain Notarization Use Cases Property Titles • Add messages to show repairs • A full history of owners can be seen • Can transfer the blockchain notarization when a sale occurs Logistics • Track items with QR codes attached to each package • QRs not only hold account info, but also messages • Namespaces allow the buyer to know exactly who scanned the QR
- 7. How Does It Work? Apostille utilizes core features of the NEM blockchain technology. Each input file is hashed and that digital fingerprint is included in the blockchain. A dedicated key pair is created for each input file. The fingerprint of that file and any additional data can be sent to that account. Branded, Certified, Transferable, Conjointly Owned, and Updatable Blockchain Notarizations
- 8. Apostillle Uses NEM´s Features Document fingerprints, notarizations and re-notarizations are transmitted using NEM’s messaging feature. Additional notes can be added in encrypted or open formats. Sharing, splitting, and transferring blockchain notarizations are handled with NEM’s advanced multisig and multi-user contracts. Branding of notarizations is done with unique domain names purchased on the NEM blockchain making sure no two people can make a notarization using the same name. Third parties can also make comments about the status of the item notarized or updates on its repairs, amendments, and registrations. Official, branded, and non-transferable tokens can be sent to the notarized account certifying it.
- 9. One Great Service, Two Great Options Public and private chains designed to meet the specific needs of each business Permissioned Chain • Good for 1000's tx/s • Pay no tx fees • Can be anchored to the public chain Public Chain • Anybody can use it • DYI notarize on your PC • Immutable and decentralized record
- 10. • Enter your password, choose a description, drag and drop your file to be notarized and click send • Your Apostille certificate and stamped file will be given to you in a zipped file as a receipt Create
- 11. • Drag and drop and look for confirmation whether the file has been notarized or not • Any wallet can verify any file as long as the file is in the user’s possession Audit
- 12. • Use NEM’s Namespaces to buy a unique domain name • Now two people can not use the same brand name to notarize documents Brand
- 13. • Re-notarize the file to get a new file fingerprint timestamped on the blockchain • Or send notes to the Apostille account to represent amendments status updates or changes Update
- 14. • Transfer accounts to pass control of the Apostille account to another user • Or use NEM’s multisignature and multi-user contracts to split ownership of an Apostille account Transfer
- 15. • Use NEM’s mosaics to send certification mosaics or assets to a notarization’s account. • Or use a notarized account to create its own assets and send those to other accounts. Add Value
- 16. • Monitor your account to make sure your notarizations are in order • Track messages and transfers of notarizations Review
- 17. Download your version NanoWallet and run it locally: https://www.nem.io/install.html, or Apostille Project Manager Jeff McDonald: jeff@nem.io Go to apostille.nem.io and try Apostille for free. Try Apostille with the Mijin web wallet: http://mijin.io/nanowallet/#/
Hinweis der Redaktion
- Ethereum for smart contracts or Ripple for banking platforms Documents can represent objects, computer files, ideas, contracts and more. Practically anything. But we just don’t prove they exist. We put this proof in a live system that can then be Branded, Certified, Transferable, Conjointly Owned, and Updatable Blockchain Notarizations. This has been a dream of many people since the start of the blockchain, but we have made it happen for the first time in a working service. Lets explain a little bit about blockchains and notarizations and then blockchain notarizations.
- Know Your Customer is famous, but lets talk about Know Your Object.
- Poof of Authorship = Proof of Existence and this is where most other services start and stop. But we are offering even the ability to not just put a proof of a document on the web, but we can update it, share the rights, and more. Use case = Counterfeit Prevention can now be made all but guaranteed. Anybody making a fraudulent product will not have a notarized certificate of ownership, and if they tried to fake it, they are leaving full evidence of their fraud on the blockchain that can be easily audited and traced back to them. Use case = LuxTag, a company in Malaysia I will introduce later. Achievement Certificates are already being done by many different universities, but we offer those to be branded by a university under its namespace, and even certified by third parties such as the government board of education
- Property Titles include things like cars. Use case = car repairs and oil changes can be recorded and tracked. So it is isn't just a certificate to represent ownership of a car, but a full history of everything related to the car. Even insurance and taxes paid. Even starting the car or killing it with a secure on chain transaction Multiple party contracts can now be issues so that both parties are signing off on the creation of a notarization or amending it. Logistics takes us beyond just “blockchain notarizations” but allows the Apostille Service to do more. We can now make an agnostic back end that can work with any and all logistic companies in a way that they can share data but not compromise their security or make difficult updates to their current systems.
- NEM is Amazing. I new re-imagining of what an ideal blockchain would look. It has been in development for almost 3 years and has been launched for almost 2 years by 4 full time enterprise level professional developers, not just some hobbyists. It is tried and proven technology with an excellent track record. It also has lots of new features. It was the first with multisig contracts, the first with a new kind of namespaces, it introduced highly customizable assets that can have adjustable quantities, levies, and adjustable transferable rights. It has spam protection, node reputation to ignore malicious or faulty nodes, and a new proof-of-importance consensus that is much more environmentally friendly and much more efficient to operate than PoW making the NEM network light, fast, and easy to maintain with all these rich features built in. I really suggest if you are interested, please go to the NEM website. For Fingerprinting…… This has been done for a long time. Proofofexistence.com started as far back as 2012. Then there are others like stamp.io or cloudstamp.io in Korea. There is even a whole chain dedicated to fingerprinting documents named Factom. And it has long been a dream for many of these services to do more than just fingerprint, but to make these fingerprints in a live ledger system. In fact, many have tried, but only one has succeeded!
- Sharing, splitting, and transferring blockchain notarizations can be done both to an initiating account before it makes a notarization or can be done to the file’s HD account.
- A lot of people say private chains are Too new Too powerful Too complicated Too much disinformation They are real. And they can be designed for high throughput, to specifically meet government and organizational requirements. I have always been amazed with the idea of Bitcoin and public chains. I was mining Bitcoin on my GPU in 2012 and selling Bitcoins for $10. At first, I was very skeptical of private chains and if they would work, but now I see they are going to be really useful and important with regards to many industries and governments. One of the biggest complaints about private/permissioned chains is that they are able to be tampered with or edited so why not just use a database, but actually databases can be hacked and can be manipulated so they are definitely not secure. But a private chain can have its blockheaders anchored to a public chain. This means that a private chain that has headers that match the anchored hashes, has just as much as immutability as the public chain. This process is not unlike how Counterparty anchors each transaction to the Bitcoin blockchain to secure its confidence when auditing.
- We are happy to say we have creating and auditing down to a simple process. 1 minute to download the walled as single zip file, unzip it and click start. Log into your wallet, enter your password and drag and drop the file to be notarized or audited and click okay. We have worked really hard to get this as simple as possible and we think that we are the point now where regular uses can start to use something as complicated as blockchain notarization without having to go through 10 steps and multiple programs/platforms.