THE UNIFIED DIGITAL REGISTRY
We know, all too well, that right now blockchain is being touted as the next ‘big thing’, surpassing the invention of the Internet itself, some claim. We too believe that the invention of the blockchain is truly remarkable and there will be irreversible changes to how the world works going forward.
Stoneblock is a unified digital registry utilising distributed ledger technology to securely store all of a citizen’s government-verified and -issued documentation accessible from a mobile “vault” application. The “vault” application permits the careful sharing of the citizen’s government documentation out to actors in the economy with which the citizen wishes to transact.
Stoneblock is the result of re-thinking the needs of the citizen and how the value of government can be demonstrated in a more meaningful way on a day-to-day basis.
At the heart of every e-government service, somewhere inside the myriad racks of servers, e-commerce services, databases, Internet connections, storage devices and other componentry; lies information that matters critically to citizens: a government-verified and issued document.
These “documents of value” include a national ID, a business registration, a life-event certificate, a passport, a tax account, a healthcare entitlements card; whatever the information may be, it is secured largely by the complexity of the systems around it. For the citizen, accessing and presenting these digital documents in transactions in the economy is by way of presenting various paper-based versions of the document obtained from different departments, held carefully and securely, updating them when necessary usually by way of another interaction with the department that issued them.
Stoneblock allows the citizen to claim digital versions of these “documents of value”, storing them in a mobile “document vault”. The citizen is then free to present them in their day-to-day transactions within the economy. The documents are governed by smart contracts which allow them to autonomously expire based on government business rules.
Stoneblock uses the power of the blockchain to securely manage all of this complexity in a single cross-government application. One application, unbreakable because of the uniting of cryptography and the Internet, to manage all citizen information.
Stoneblock is efficient and low-cost because servers, staff, facilities, and all of the other componentry needed to share out digital documents on the Internet are now housed within the technology of the blockchain. Citizens control who can access their “documents of value” and for how long and on what conditions.
Stoneblock makes transactions involving government-verified and -issued information simple, secure, and efficient and thereby helps go government jurisdictions to demonstrate real value to its citizens.
WHAT IS BLOCKCHAIN?
Blockchain, also known as distributed ledger technology, is a new way of recording and sharing information that is set to fundamentally change how we transact with each other over the Internet.
Recording information on a blockchain has the potential to remove middle-agents from transactions of all kinds, improve transparency over information normally held by a centralised authority, and to create trust between parties who don’t know each other.
Blockchain technology combines the open nature of the Internet, with the safety of strong cryptography, to provide everyone with a safe, fast, and low-cost way to verify important information and to establish trust between parties without requiring a central authority.
RECENT BLOG POSTS
We published a short online presentation to explain who we are and what #Stoneblock is. Stoneblock is referred to as the world’s first “Unified Digital Registry”, it improves the efficiency of citizens’ transactions with their government or other institutions, giving them a mobile “digital vault” to hold documents-of-value verified and
On the 27th February, #Neocapita will present #Stoneblock to the UK’s whole-of-government Blockchain Community of Practice, comprised of the senior leadership of the British civil service, international academia, and the private sector. #Neocapita will demonstrate how #Stoneblock uses self-sovereign identity linked to government-verified and -issued ‘documents of value’ to improve transparency,
On May 25, the European General Protection of Data Regulation (GPRD) will come into effect. The impact is likely to be significant and global in reach. Any business in the EU, or business that holds data about an EU citizen, will need to comply with the GPDR. For Stoneblock, a
Neocapita released some simple data sets on how the Stoneblock platform’s storage requirements grow over time to handle the “documents of value” for an entire population: http://bit.ly/2Bu1hGp. These estimates have become a hot topic among the e-government planners we are currently working with around the world. We hope the estimates
Neocapita will conduct an assessment in the context of a central bank. The objectives of the engagement will include the identification of how best to implement distributed ledger technology for faster confirmation and settlement times for cross-border transactions, improved identity and attribution of transactions, enhanced transparency, and secure, auditable interoperability
Neocapita is to deliver the “Technology Teach-in” in Brussels on the 14th November at the inaugural Finance Watch (EU) #FinTech Workshop Series event. We look forward to working alongside some of the best researchers in the DLT space: Demelza Kelso Hays (University of Liechtenstein), Brett Scott (Journalist), Tom Debus (Integration Alpha,