Blockchain Technology For Beginners: The Ultimate Beginner's Manual to Understanding Blockchain Technology by Douglas Ken

Author:Douglas, Ken [Douglas, Ken]
Language: eng
Format: epub
Published: 2020-12-13T16:00:00+00:00

Uses of Proof of Existence

Individuals can revalue the digest publicly, and if a conflict should arise, they can prove they possessed the data they produced in the digest. Proof of Existence comes in handy for copyrighted material, parents, etc. A person can prove the same existence of detailed data at any moment in time.

As we utilize bitcoin Blockchain to store the document Proof, so can anyone certify the existence of the document with no need of a central authority. The computing power of the whole bitcoin network is what is utilized to certify your data.

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