Storage of Your Documents on Blockchain: Why & How?

blockchain secure documents

The world is getting digital, and the conventional way of doing tasks has gradually faded. Businesses, transactions, employment, education, hiring, and many other things are mostly done online. The growth of this digital era looks good, but it has a serious problem too. The problem is how to guard your document information against vicious attacks.

Since you store and transmit a lot of your professional, personal, and sensitive information online, tight security and privacy are essential for everyone. Here, the concept of blockchain secure documents can be useful. But before you know about it, walk through the document security issues that have been there.

Issues Faced with Storing Documents Traditionally

The present way of issuing and confirming certificates and receipts has been somewhat ineffective. It can be seen in the number of forged and counterfeit documents instances globally. Unfortunately, in the present-day world, forged documents are widespread. Most of you have an idea there is no trouble in getting forged documents. As the forged documents precisely look like the originals, it is unwieldy for the layman to recognize the real and fake.

Higher Level of Forgery

The conventional-day system gives room for documents like certificates and receipt forgery. There are no ways to authenticate the authenticity of the certificates presented. The manners that have been there taking longer processes or work long after the forged certificates might have been used.

Blockchain: A Powerful Alternative

Blockchain technology has been one of the huge technological breakthroughs of this century. With blockchain, everything is encrypted, and no person can tamper with the blockchain without everybody noticing it immediately.

Blockchain for Data Storage

One can store sensitive documents like Certificates, degrees, and more on a distributed ledger. It allows anyone to access data at any time and from any location. The documents are securely stored on the blockchain network, and only authorized individuals having private keys can access them. Hence, universities, colleges, and other institutions do not need to spend endless hours to validate the certificates and degrees of their graduates. Hence, blockchain technology efficiently stores data in an unchangeable format.

Basically, rather than simply handing your files to a company like Microsoft or Amazon, you distribute them across a strong and secure network of people worldwide. The community shares the cloud, and no one can read or even tamper with the documents or data of anyone else. Hence, you have control in hand.

Document Encryption

The encryption model saves a cryptographic signature of a document or your file on a blockchain network. It will give users a way to ensure that a document is untampered. It is without saving the entire document on the blockchain. Once you look at a document, you can vouch that it is the same version of the document that was at another time.

For example, with blockchain, you get an encrypted document, and one has to scan the secure QR code to access the document. The document unfolds if the hash value in the QR code matches up with the hash value of the secure QR code on the blockchain network. Hence, you can store your documents in a secure and immutable way.

The Bottom Line

With blockchain, everyone can have access to inexpensive and secure ways of handling the most sensitive data without any role of third parties. After all, document storage security is now one of the main targets for blockchain developers. Learn more about blockchain solutions for your business document storage with ProofEasy.