UTStamp system is an open blockchain system that reliably keeps and tracks digital assets at low cost. It produces a unique digital mark for each digital asset (document, picture, digital currency, among others) that can be verified with the combination of Bitcoin’s blockchain and UTStamp blockchain for the following attributes:
The UTStamp system is very scalable and cost efficient and can stamp very large volume (billions per second) of digital assets with Bitcoin’s blockchain backed digital mark. UTStamp also provides public API and SDK for 3rd party integration.
View the UTStamp website >One of the main challenges in auditing is how to verify data integrity. With SKTLab’s UTStamp solution, the raw data (eg. smart meter records, financial records, contracts, etc.) can be registered with UTStamp as it’s being collected. The digital mark that is associated with these records can be easily verified for the integrity of those records. The same approach can be applied to prove the other digital records. There are many applications that can be implemented on top of this, especially in the IoT space.
UTStamp is completely secure and maintains privacy of data. When the digital documents are being registered with UTStamp, it only requires the one way hashed values of the documents. The information kept in UTStamp are also hash values, therefore the actual contents of the original digital documents do not need to be revealed for proof of time and content.
Based on UTStamp technology, SKTLab provides both online and on-premise non-SQL database system, which allows the user to save data as a read-only repository. As long as the data is saved in the database, the content will not be able to be altered. If any data itself or sequence is altered this will be detected.