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Blockchain

MakoLab’s research on Digital Object Identifiers (DOIs)
Blockchain is not part of a distant future, but a technology which is already expanding and encompassing an increasing number of diverse areas. MakoLab’s advanced research is focused on implementing Blockchain in order to secure the creation and storage of digital identifiers. Our achievements in this field have been honoured by the world’s most prestigious business forums.
In brief, Blockchain is an open, dispersed and easily distributable database with a security factor or, to be precise, with data authenticity of an extremely high level.
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The mathematical and algorithmic rules make all data saving irreversible.
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The data are immutable; their history cannot be erased or changed in any way.
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The reverse modification of data is impossible.
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Blockchain provides an guarantee for the authenticity of the data saved.
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Blockchain is neither based on a particular technology nor owned or managed by an organisation. This guarantees total system independence and neutrality.
The potential of Blockchain has captured our attention, particularly as regards its technological application for digital ID storage security and, especially, for sensitive data. Another highly promising feature takes the form of authenticity warranties, such as the Legal Entity Identifier (LEI), a digital identifier for legal entities participating in financial transactions. Find out more about LEI and our own LEI solution here.
Augmenting the LEI resolver with Blockchain is only a stop on the road we are following in our research and development with this technology. Given its growing potential, we are working on further enhancing the LEI resolver with other top-end solutions, particularly semantics, and on taking Blockchain into other business areas, moving a long way beyond finance and insurance.
Why is Blockchain a game changer for Digital IDs?
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Trust
is guaranteed by mathematics and algorithmic consensus
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Decentralisation
is guaranteed by the system architecture
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Resilience and persistence
is ensured by easy and low-cost total system distributivity
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Data openness
is supported by replication technology
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Non-repudiation
is ensured by data immutability
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Neutrality
is guaranteed by independence from any form of technological or organisational frame
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Uniqueness
is ensured by the associated algorithms
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Authenticity
is guaranteed by consensus mechanisms
GraphChain - a blockchain in practise
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The new invention of MakoLab is not another “extension” of Blockchain.
It is a new concept that rather than adding Graphs and Ontologies to Blockchain, it starts with RDF database and then adds Blockchain features to the system.