Review on SCRIV NETWORK by Umut ERDOGAN
The New Special : Scriv !
How Does Scriv Network Stand Out?
Data Assurance: As we keep evolving to adopt technology in more and more usage in our daily life, the importance of data keeps getting higher precedence. Automation, Big data, data mining, higher IP traffic, etc. are fueling the need for stronger data processing and management needs. Big data itself is expected to cross the $50 billion market size, and retail+business storage on cloud is expected to cross $75 billion within the next couple of years.
SCRIV Network provides decentralized data storage on the blockchain using an InterPlanetary File Sharing (IPFS) network and services like data assurance, verification, and time stamping. This helps users (ranging from critical government or business data to retail consumer personal data) in the secure storage of their data and verifying data at any given time using timestamp processes that confirm the data ownership originality. The process is straightforward. The user uses their wallet to upload data/documents, generating a hash (unique identification number). The wallet initiates the data assurance process and tags the data to the user using timestamps. The users have options to keep it public or get it encrypted. There are also public labels options being attached to the data by getting the user profile updated and verified. After time stamping on the SCRIV blockchain, the user paid the assurance fee and is saved to IPFS Network. Miners earn a reward for validating the blockchain data. The unique proposition here is that the ‘Assurance Fee’ earned is also shared with the miners. It is split into two parts: the first part is added to the next block and paid to the miner who finds that particular block; the second part is split equally to all running the masternodes
SCRIV data assurance provides solutions to the various data management needs like demonstrating data ownership (beneficial for copyrights by content creators, patents by innovators, property ownership and in general litigation in case of conflict), time-stamping (to verify true ownership), document integrity (changes cannot be done without validation of the parties involved), preventing copying/duplication of data. On top of it, the complete system is secured from breach by using enterprise-grade security protocols. SCRIV scores very well in comparison to its peers like Stamp, Stamped, Poex:
Fast processing with a confirmation time of 30 seconds Vis 5-10 mins by its peers.
It provides instant file access that other players are yet to launch.
Meager verification fee of just $0.01, which in traditional set up runs into dollars.
File storage integration is another unique feature.
Internet of Things (IoT) is coming up, which will make the value proposition much stronger.
If data storage, security, validation is something you are looking for then, SCRIV is a viable solution you should consider among your options.
Pros
- Enhancing Profitability
- Hardware Management
- Multiple Mining Algorithms
- The software already supports exchange Support
Cons
- I didn't see any negative side of it
