Thursday, June 28, 2018

Unenforceable

“Thus, there is a need for a technical solution whereby an entity may participate in a transaction where transaction details may be posted publicly to ensure accountability and trust in the data, while still providing anonymity and inability of others to track individual transactions or volume information by transaction party identifying information of both parties of a transaction to satisfy the confidentiality needs of each entity involved in the transaction.”

The idea is that the private information is verified privately and only the hash value is published, along with public data.   We have a common name for this, signing up and qualifying for a service, OK?  We been talking about this and prequals for years, decades, since the beginning of time.  There is no useful patent here, we just keep doing what we always done.

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