THE IMMENSE ROLE THE BLOCKCHAIN PLATFORM HAS PLAYED THROUGH THE SCRIV NETWORK
A NITCH TO BE FILLED
It is no more news that the for some time now the fintech space has been experiencing some difficulties in the aspect of data verification. Considering the fact that we find our selves in a digital era that gives us the ease of data access and operations, this also comes with a down side given that there is still the unanswered question of how to handle unauthorized data modification. There is vulnerability of some personal documents given that their contents could be compromised. The advent of the blockchain technology has finally availed us the opportunity that would provide a lasting solution to the issue of confidence and the originality of data and identity which the system simply referes to as "hashing". The process of hashing simply involves submitting digital information to the input of some algorithms, which eventually brings out a short unique output and this is so important because in the fast growing world of technology because most times people do not consider the importance of properly verifying data and given that the verification process is digital makes things a lot easier. According to the build of this system each time conventional hashing then timestamping of the data storage has to be taken care of.
THE RELEVANCE OF THE SCRIV NETWORK TO THIS NITCH
The SCRIV network has used to the blockchain technology to successfully provide a long lasting solution to the issue of data verification, assurance storage and even timestamping this network uses its special hashing features to verify digital data in the network, the network which is already on its way to full fledged actualisation promises speed, availablity of everyday use and above all safety, There would be 10 times lower verification fee, as the platform carries out all of these tasks through its own blockchain.
MASTER NODE AND MINING FEATURES
The scriv network is attractive both from a stand point of an investor and a user. It possesses a Minning algorithm that allows the system to achieve true Decentralised like Dash. For users they would have to run their masternodes to allow them pay fees by regenerating coins, but for investors who are looking for assets to invest in for long term purposes, all the fees would be payed by scriv service usage which would be distributed among miners and masternode owners. You should create a natural and healthy circulation of coins in the future, and in the long run with the increase reward for minners and also return on investments for masternode owners.
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I like the fact that it can be used to timestamp.
Ya it's a unique feature that the network uses to ensure authenticity of data. Thanks for the review
cool article, if you want to learn more about the project then check out my interview with one of the devs, here:
https://steemit.com/blockchain/@kryp70kn1gh7/scriv-network-exclusive-dev-interview-and-details-about-the-project-that-seeks-to-revolutionize-data-verification