The internet has a deep-rooted issue: trust. How do consumers know whether the information presented by websites can be trusted, and how can website owners claim ownership over their content? These issues can be solved with the help of the WordProof Timestamp Ecosystem and blockchain, one of the few technologies able to prove authenticity and to make information verifiable, ultimately leading to trust. It will improve economic development, push innovation, support the implementation of European directives, and open up blockchain into the daily life of European citizens. It will protect the small from the big and make the powerful accountable.
WordProof is built on mathematical hashing of web content in combination with public blockchains. Content, combined with its date, time, and URL is transformed into a unique string of characters called, “the hash”. This hash is then published on the blockchain. With the timestamps, content owners can show that they did not tamper with their content since a specific date or time. Besides, as content changes and develops over time, the history becomes verifiable for both humans and machines through the timestamp. WordProof can make a positive social impact by addressing some of the concerns below through the use of blockchain technology:
- Valid information sharing.
- Consumer protection.
- Protecting intellectual property.
- Increasing trust and accountability on the Internet.
WordProof uses decentralised open-source technology and sets a global timestamp standard by collaboration with several international organisations. It is offered as a free plugin and Software as a Service (SaaS) solution. The holistic approach, using multi-signature and tiered timestamp protocols, adds critical trust-building values to one-dimensional timestamps and is one of the reasons why in less than three months after launch, many community and opinion leaders celebrate WordProof next to the 161,000 created timestamps.