Today, I am going to write about RecordsKeeper, an open public blockchain for record keeping and data security. This is a new and undiscovered blockchain, which had just recently started to appear on Twitter and other social media apps recently.
Use Cases of RecordsKeeper
As the title of this blockchain suggests, the main use case of RecordsKeeper would be to store records (information). Below is the introduction video of RecordsKeeper, which can also be found at their website.
RecordsKeeper provides a better data security for any infrastructure with the following features:
- Data Immutability
If you are familiar with the characteristics of blockchain, you will know that any data that is stored on the blockchain are immutable (unchangeable). If there is any attempt to change the block data of the blockchain, it would causes the block header to be invalid, and since block header are linked to the previous block header through hash functions, it would be creating a conflict in the whole blockchain. Therefore, any attempt to modify or alter the block data in any way would fail. - Data Integrity
Compared to storing data on a single computer or on several servers, storing data on blockchain is way safer. This is because there are always more full nodes (computer that stores the whole history of blockchain) available than data backup servers. Plus, setting up servers or purchasing server hosting services are expensive. By storing data on the blockchain, single-point failure would be totally eliminated. As long as one full node survives, your data will be secured. - Data Authenticity
In this era, there is a need for trustworthiness in terms of data storing. A solution needs to guarantee that the data is indeed what it portrays itself to be, meaning that no third-party has purposefully or accidentally changed what has been agreed upon and documented. Since data stored on blockchain is immutable, it means the data would be tamper-proof. Plus, blockchain is able to provide timestamps, which would allows blockchain to prove the time and authenticity of the input data. - Data Verifiability
With RecordsKeeper, there will be record identifier as well as record identifier data section. Data uploader can input their own record identifier, which can be used to search for their data. Record identifier data is where the data uploader input the data or information that they want to upload to the blockchain. After finalizing the record identifier and the corresponding record identifier data, the data uploader will sign the message by using their private key. Data on the RecordsKeeper blockchain can then be retrieved by using the public address of the data uploader or the record identifier. Therefore, anyone can verify data on the RecordsKeeper blockchain.
Cost of Data Storing on RecordsKeeper blockchain
The maximum block size of RecordsKeeper is 1mb, and every 1kb of data size will cost the data uploader 0.1 XRK. XRK is the cryptocurrency ticket of the RecordsKeeper blockchain. It is not yet available on any exchanges, and initial price on exchange will be 20,000 XRKs for 1 BTC, which is 0.00005 BTC per XRK or 5000 satoshi per XRK.
Highlights of RecordsKeeper
- Not an ICO
- Data storing demo available at their website (the first data storage blockchain with demo that I came across)
- Closed mining currently (any interested miner needs to get permission from the team first)
Website : https://www.recordskeeper.co/
Airdrop : https://airdrop.recordskeeper.co?r=4FPR0WZF
Twitter : https://twitter.com/records_keeper