A Challenger Approaches to Defend Digital Assets’ Data Integrity
Digital assets are only as good as their underlying data. Data integrity startup Cryptowerk has accordingly unveiled its Cryptowerk Seal: a new service that stamps an “immutable seal” on digital assets to one or several blockchains so these assets’ integrity can be tracked.
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With an Eye to Tamper-Proofing Digital Assets
Value itself can and will be programmable. But such value is vulnerable insofar as the digital assets’ harboring that value can be tampered with, which is what Cryptowerk’s new intergrity service is aimed at mitigating.
That offering, the Cryptowerk Seal, is a cloud service that uses SHA hashes to forge digital seals for digital assets. These seals are then used to track whether associated assets have been tampered with or not.
The service comes at a time when the growing trend of hyperdigitization generally points toward a future where wide swathes of previously paper-intensive assets will be digitized.
Programmable money isn't the right description, Ethereum is programmable value–not just a money ledger, a property rights ledger
Money, but also debt, derivatives, collectibles, commodities, coupons, shares, revenue rights, royalties, subscriptions, intellectual property
— Ryan Sean Adams (@RyanSAdams) November 13, 2018
Accordingly, there may soon be no shortage of digital assets that will be prime targets for being compromised, a vector Cryptowerk is betting will become increasingly prevalent in the decades ahead.
In the Cryptowerk Seal, then, the upstart firm sees itself as offering an enterprise-grade parallel to custody solutions, i.e. a service for guaranteeing the assets in custody themselves have integrity.
“The cloud service writes digital seals or ‘fingerprints’ of the data to one or more blockchains at speeds of up to one million times per second, creating a tamper-proof chain of custody that can be used in large-scale enterprise applications.” Cryptowerk said in their Seal announcement.
“With the digital seal, every product, process and transaction can now be matched to its original to verify proof of integrity.”
The Data Problem
Whether Cryptowerk lives or dies, its Cryptowerk Seal service peripherally brings to mind the data problem facing logistics projects in the blockchain ecosystem, e.g. the pharmaceutical supply chain projects currently being explored in Russia and India.
Indeed, logistics is often touted as one of blockchain’s prime use cases, but logistics via blockchain is ultimately worthless if the underpinning data is compromised.
That is to say, you can still input fake data into the supply chain, or into an oracle, so blockchain technology itself isn’t a catch-all solution to all things logistical. There must be a plus-one element to vet for data authenticity, otherwise there are no guarantees.
Some logistics-minded cryptocurrency plays, like WaBi, have attempted to tackle that hurdle via RFID labels, which can indicate whether physical assets have been tampered with or are missing.
That thrust shows what such plays are going up against, and how important it is to keep data clean.
“Businesses must be able to verify that their data is unaltered and pristine. As a result, companies [want] to do business with each other in a trusted, secure, and auditable way,” noted Cryptowerk co-founder and CEO Dirk Kanngiesser.
What’s your take? Do you think data integrity will be a growing problem in the years ahead? Why or why not? Let us know what you think in the comments section below.
Images via Cryptowerk, Pixabay