Blockchain Data Authentication
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Blockchain technology is best known in the context of digital currencies like Bitcoin, but those are far from its only useful applications. To understand its other uses, however, you must understand what blockchain is.
As businesses adapt to an ever-changing new normal, extended collaboration and optimization beyond your organization is essential for next-level growth. Transformation isn’t always easy, and technology shouldn’t stand in the way. Drive operational agility, connectivity and open new revenue streams through trusted end-to-end data exchange and workflow automation beyond your organization’s boundaries. Learn how Muttii and partner IBM® is leading the business world into a new era of collaboration and innovation.
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Blockchain benefits
Essentials
Simply put, it is a distributed database that maintains a continuously growing list, or chain, of data transaction records. Every portion of this decentralized system has a copy of the chain – so no single, “official” copy exists. The distributed nature of the chain prevents tampering and revision, which makes it easy to confirm the authenticity and security of every transaction recorded on the chain.
Data “Fingerprints”
Muttii Cyber Notary Cloud computes a cryptographic hash, or “fingerprint”, that is unique for each file. This hash is an algorithm that produces the same output when given the exact same input file, making it useful for verifying the file’s authenticity. Any change in the input file, however slight, results in a dramatically different fingerprint. Because the hash algorithm is designed to work only in one direction, it is impossible to determine the original file inputs from the output alone – making the process tamper-proof.
Anchoring data in the Blockchain
Think of the blockchain as an “append-only” ledger with a transaction order that is distributed across many entities, with each entity keeping an identical copy of the ledger. Every record in the ledger is time-stamped, immutable, and independently verifiable. A hash of the whole structure containing the files’ fingerprints is recorded into the blockchain. The authenticity of those files can be independently confirmed by any party (even one not doing business with Muttii) that has access to the blockchain.
Operational agility and speed to value
Optimize multiparty workflows around trusted, permissioned data and accelerate performance across your value chain with blockchain applications.
Cost takeout and risk mitigation
Streamline shared processes, increase accountability, minimize disputes and automate reconciliation tasks.
New monetisation opportunities
Increase brand trust and sales with smart contracts that support product authenticity and help open new marketplaces with asset tokenization.
Not a combination of separate products
How can Muttii Cyber Notary Cloud be used, and why should you care?
Muttii Cyber Notary Cloud adds an extra level of confidence to the authenticity of your personal and business data. In the future, you may want to simply reassure yourself that a file you previously stored or backed up has remained unchanged since then. Or you may have a file (or someone may present you with a file) that you need to validate, confirming it is authentic and unchanged from its backup. While we share some use cases below, common potential uses include property records, court documents, and long-term archives that could be subject to legal or tax audits.
Strategic partners
Muttii supports multiple services (or products). Individual Muttii service functions and HIPAA compliance status can vary depending on the service and data center used. Please speak with your account manager to clarify the compliance status of particular services and data centers.
Muttii implements Information Security Management System (ISMS) in accordance with the ISO/IEC 5001:2013 framework for information security, which has become an industry gold standard.
Muttii implements Information Security Management System (ISMS) in accordance with the ISO/IEC 27001:2013 framework for information security, which has become an industry gold standard.
Cyber Essentials is a government-backed scheme that is applicable to organizations operating in the United Kingdom. It includes a set of basic technical controls which organizations have to implement to protect themselves against common online security threats.