The blockchain and decentralized ledger technology have evolved into every industry you can think of. The technology is overcoming challenges in industries such as centralization, high cost of transactions, proof of authenticity, time stamping, and many more.
Preserving digital information on a long-term basis is a major issue in the business world. This requires confidence in the credibility of digital archives to always provide content that is accessible and usable. Making sure the information given starts unchanged over a long period of time is a real challenge.
Document verification has always been a tiresome task in the business world. Every business has to go through numerous rounds of the document verification process in the traditional setup. Furthermore, the whole process is time-consuming and expensive. And in the end, proof of ownership and authenticity of such documents is never guaranteed.
The blockchain technology performs major functions like storing of data, verifying of data, upholding the privacy and accountability of all data and transactions carried within the blockchain. This reduces security threats and fraudulent activities and also keeps the network decentralized.
By offering a decentralized platform to the business industry, blockchain technology has proven to be the best solution to document verification.
Document Verification with Time Stamping
Time stamping is an effective method that allows you to prove that a specific content existed at a particular date and time.
Blockchain document verification proved its potentiality in the field and completely erased these woes via offering a decentralized platform to the associates. A quick, easy, and cheap transaction was assured. The document verification is seamlessly carried under the blockchain technology.
Trusted timestamping is an effective method that allows anyone to prove without any doubt that specific content existed at a particular date and time. You can also refer to time-stamping as “Proof of existence”. Any digital data can be time stamped. Therefore, anyone can prove a digital content is authentic without the need for a third party.
One such platform is WordProof. WordProof allows you to timestamp every version of your content on any EOSIO blockchain. Therefore, this means that you can create a verifiable record on any piece of content you create. In addition, this includes the time you published it and every change you made on it.
To further sensitize the public on the importance of timestamping and how WordProof can help businesses prove the authenticity of their digital content, Lightblocks will host a live session to discuss timestamping in blockchain and how it can help businesses.
The event takes place at Zoom on September 20th.
Samuel Joseph is inviting you to a scheduled Zoom meeting.
Topic: Blockchain Time Stamping
Time: Sep 20, 2020 01:00 PM Africa/Lagos
Join Zoom Meeting
Meeting ID: 873 7743 2586
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