TimeStamps arrive on the NEM blockchain
TimeStamps arrive on the NEM blockchain
Blockchain

TimeStamps arrive on the NEM blockchain

By Alfredo de Candia - 22 Jul 2020

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NEM Venture, the investment venture capital of the NEM ecosystem, announced that it has invested in SharpShark, a platform that provides a timestamp solution to protect the rights of content creators.

SharpShark is a project born from the minds of CEO Sasha Ivanova and product designer Valeria Panina.

The two have developed the project first as PoC (Proof of Concept) and then jointly with Cispen, the newspaper of the union of journalists.

The whole system has been redesigned to obtain the patent on American territory.

SharpShank chose the NEM blockchain, now called Symbol, to record the signature of the files. This, together with the author’s data, proves the authenticity of contents. 

The data is GDPR-compliant, despite being saved in an immutable and public way.

The choice of this blockchain is explained directly by the CEO, who claims to have followed NEM for several years:

“As long-standing members of the blockchain community, we’ve followed the NEM project for years, and the Symbol blockchain suits perfectly for intellectual property management. Symbol has a layered architecture that enables trustlessness, and performance optimisation, which was a natural fit for our solution. We’re excited to work with the NEM Ventures team to further develop our product, with the aim of making copyright and intellectual property protection more accessible and equitable.”

This blockchain allows different uses, such as creating a token at a very low cost.

It should be noted that living in a completely digital world has increased the risk of running into fake news and forged documents.

Thanks to the timestamp, it is possible to set a specific moment of time to determine with absolute certainty both the date and the content of a certain file or news.

This allows checking the date when the news or file was published, who published it and the content, without it being altered over time or being deleted.

This, however, is not the only project in this respect. In the crypto sector, there are many companies that have this objective, for instance the Zilliqa (ZIL) blockchain or WordProof with its integrated system within WordPress that uses the EOS blockchain

Alfredo de Candia
Alfredo de Candia

Android developer for over 8 years with a dozen of developed apps, Alfredo at age 21 has climbed Mount Fuji following the saying: "He who climbs Mount Fuji once in his life is a wise man, who climbs him twice is a Crazy". Among his app we find a Japanese database, a spam and virus database, the most complete database on Anime and Manga series birthdays and a shitcoin database. Sunday Miner, Alfredo has a passion for crypto and is a fan of EOS.

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