Once digitized, data about us (i.e. personal data) becomes “money-like” and takes on a transferable or transactional quality. This is why our personal data is frequently described as a form of money or commodity (e.g. “personal data is the new oil” or “the new currency”), or a form of “property” capable of bei…
To permissioned/enterprise blockchainers: be honest about what you’re building and in your marketing! If you’re building a database controlled by a consortium of pre-permissioned entities, don’t claim or imply it will have similar reliability characteristics to systems that are designed to live in far more adversarial environments. Imagine how you would market your system had Bitcoin not been invented. And — let the public blockch…
The reason ‘blockchain’ is such seductive marketing, in this critic’s opinion, is the subtle implication that the data structure alone — absent PoW or open validation — could convey the same benefits as Bitcoin, without the token or costly anti-sybil protection.
When the blockchain is properly used as a decentralized verification network, it offers the ability to unlock the power of digital records by making them trustworthy and instantly verifiable anywhere in the world. Improperly used, the blockchain becomes an unnecessarily cumbersome technical layer. So let’s ask the right questions.
All of this means that Blockcerts is the safest way to issue digital records that leverage a blockchain for decentralized verification. Using this standard means that your resulting digital records can be read anywhere, will be instantly verifiable — regardless which blockchain you choose.
ents can rec…d everyone who issues, receives, or verifies the records has to become part of the network somehow. With Blockcerts, institutions can issue, recipients can receive, and relying parties can verify digital records without having to buy tokens, run a node, or become “members” of a network. You don’t even have to know what a blockchain is to use Blockcerts. It’s designed to be as open and easy as possible.
It’s time for a change. The maturity of the web, mobile, and now blockchain networks have come together to make it possible for people to own their official records in a digital format that can be shared peer-to-peer and instantly verified anywhere in the world.
ne …r own identity records without paying rent to central authorities for transmission or verification. Instead, people can receive their records once, then share them online or directly with third parties like employers whenever needed. Even if vendors or institutions cease to exist, people never lose the ability to use their official records and prove their identity.