Around the Bitfury blog, Executive Vice Chairman, George Kikvadze, offers a use-situation for that Bitcoin blockchain like a security layer.
Within an ever digital world, so why do we still depend in writing documentation for the most significant information?
Many Paper Documents Already Function Digitally
Kikvadze highlights the instance of the worldwide flight as one example of the phenomena.
Not lengthy ago, this might involve a extended interrogation in the border, although officials carefully examined your passport. Whereas nowadays we’ve digital passport and facial scanners. If we have to communicate with a border official whatsoever, they’re going to have electronic use of all of our relevant passport and visa information.
How come we want the paper document whatsoever?
Kikvadze argues that people don’t… “but only when we dramatically improve our cybersecurity.”
Digital Form Of Anti-Forgery Features
The primary purpose many paper documents serve today would be to safeguard against forgery. It’s harder to tamper having a modern passport with all of its security measures, than it might be to change a digital document. However it’s the electronic data which counts, certainly where passports are worried.
For instance, on the recent trip my passport grew to become water-broken, obscuring 1 / 2 of my photo, which let’s just say it had become unrecognisable. My visa page also had some good info that was unreadable. But border officials often see the document was not deliberately tampered with, and that i travelled without any issues.
The Bitcoin blockchain could be employed to secure an electronic passport.
The Bitcoin Blockchain Doesn’t Just Store Transactions
Wouldn’t it’s convenient when we could store our passport (along with other important documents) on the phone? We are able to already store our tickets onto it, which is always near to hands, relaxing in our pockets or bag. However, whether it got stolen then somebody could alter and employ you passport. This, obviously, will be a bad factor.
But when an electronic signature of this passport was stored around the Bitcoin blockchain, then your original version might be authenticated. Or no information altered even slightly then your digital signature would change, and also the saved blockchain version would highlight that.
Bitfury has began to make use of this type of system, recording digital signatures for land-titles in Georgia. Without releasing any personal data, citizens can be their title is accurate and unaltered.
It may simply be dependent on time before paper documentation become is thrown into the history books.
Which may also be digital… and possibly even tamper-proof.
Will Bitcoin be utilized for other use-cases besides money? Share your ideas below!
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