Lecture 8 - Hands on: Developing another Sample application using Hyperledger platform. Flashcards
1
Q
what is “Proof of Existence”
A
“Notarization is the official fraud-deterrent process that assures the
parties of a transaction that a document is authentic and can be
trusted.
It is a three-part process, performed by a Notary Public, that includes
of vetting, certifying and record-keeping.”
– National Notary Association
2
Q
what does hashing offer?
A
• Same document will always yield same hash output.
• Hash output is always of a fixed length, do not depend on input
document size.
- Change of document will have different hash output.
- Complex to recover original document from hash output.
- Increases data privacy about document with low storage.
