New good project in blockchain technology
Enter Blockchain technology
Blockchain is a continuously growing public list of records which are linked and secured using
cryptography. Blockchain is typically managed by a peer-to-peer network, allowing secure,
transparent, and efficient method of transactions between participants, without the need for
intermediaries.
Blockchain technology is being successfully and rapidly adopted by industries from all business
sectors, ranging from financial services to tracking commodities.
Undoubtedly, one of the main industries to be revolutionized next by Blockchain technology and
its derivatives will be online digital data distribution and copyright management. This assumption
is strengthened by the growing number of publications calling for the implementation of
Blockchain in this industry – especially in the larger sectors of audio, image, and video sharing,
as well as in the inability of regulating authorities to properly enforce copyright and IP laws and
combat the illegal download and distribution of digital data.
Enter NKOR Technology
NKOR is a first of its kind, next generation decentralized ecosystem that implements a
groundbreaking technology of multi-layer index hashing and classifying in decentralized systems,
currently under process of drafting patent applications, on Blockchain.
NKOR provides a platform for creators to cement their creation (data and content) on blockchain.
The novel technology at the core of the ecosystem authenticates data that is uploaded to the
platform, which is then linked to a transaction on a blockchain via smart contracts, timestamps it
to provide an immutable and publicly readable record of the time receiving or creating or
changing of digital data or digital content, and keeps track on uploading and sharing of the same
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data by other entities to prevent plagiarism. The process of data authentication, its timestamping
and cementing into a blockchain via smart contracts is called Anchoring, hence – the NKOR
ecosystem.
The synergy between NKOR’s and blockchain technologies will revolutionize and help
democratize the existing structure of digital data distribution, IP and copyright management, by
creating a seamless solution for registering, distributing and tracking digital data.
By Anchoring data on the NKOR platform and adding it on the blockchain, content creators can
verify authenticity of their work, in a method which is inalterable and will last for posterity. In
addition, since the NKOR marketplace enables participants to directly transact and trade data
between themselves, the need for and the power of market intermediaries, such as agents,
record companies and media sharing platforms, will be diminished, if not eliminated, making the
distribution of licensed digital data cheaper and more accessible to the masses.https:
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