The blockchain technology has many different applications. Today we will talk about a company which has created a technology that uses blockchain to verify files. Our review is about a company called ConceptCrypt.
What is ConceptCrypt?
ConceptCrypt is a blockchain company which was born from the idea that the blockchain is one of the best means (if not the best one) to store information. Being easily accessible, immutable and eternal, the blockchain can easily be used for information storage. From this fact, the company had the idea to create a service which will be used to verify files.
Also, the blockchain is stored on different computers all over the world, so it is almost impossible to hack it (at least using the current technology) and it does not depend on a single server, but many of them. All these possibilities enabled the company to create a system in which you can upload a file on the system and then be able to verify it anywhere at any time.
The idea is that any work of your authorship can be recorded using ConceptCrypt. Imagine that you are a photographer. You will be able to post your photos anywhere and prove that they are yours because you will hold a timestamped record of the authorship of your work.
How Does ConceptCrypt Work?
Basically, you have to upload the file on the company’s system and it will use its blockchain technology to register it. You have to choose a file, pay a fee to store it and upload it. AS soon as you do that, you will have been verified and that file will remain there forever.
The program extracts a hash (a unique identifying code) from the file and then uses something called a SHA-256 checksum to extract the file from the browser. Once the process is done, you will be able to check the file from anywhere in the world.
There are certain formats that you should use while uploading the files: PDF, TXT, JPG, PNG, MOV, AVI, MP3 or formats like ZIP, TAR, GZ or 7Z. These formats are less susceptible to alterations on their metadata, so it will be easier to use them.
While any type of file might be used (if they have up to 250MB of size), you should avoid different formats because of metadata issues. Avoid using formats like DOC, DOCX, PPT and EXCEL (or any Microsoft format) because they are more prone to metadata alterations and this might cause problems.
Only you will be able to read your file in the blockchain and nobody else can do that because you will receive a unique identifying key that will be recorded there. It works just like a digital signature.
You will have to pay fees for the upload and the verification process everytime that you want to verify the files.
You should note two points before you finally decide whether to use this company’s services or not: laws among the world vary a lot, so you might not be able to use the company’s service to legally prove that some work is yours. This will depend on the legislation of your country. The second point is that the company reserves itself the right of changing its terms anytime.
How to Invest in ConceptCrypt?
There is no way to necessarily invest in ConceptCrypt because this company is not having or planning an Initial Coin Offering (ICO) right now, so this means that there is no opening for buying tokens or shares from this company right now. The only action that you can really take is to pay for the services of the company.
If this changes in the near future, you can be sure that our blog is going to update the information about ConceptCrypt for our readers, so be sure to follow our blog if you want to know more about the possibility of investing in ConceptCrypt.
The ConceptCrypt Verdict
Is ConceptCrypt the right choice for you? Only you can say that, but we can certainly you give you some tips. The service provided by this company, while not official in any country, is certainly interesting and it might be very useful for you in the future. Because of this, you might want to save this company’s name in your memory if you plan to use it in the future.
While this company might be useful for a lot of people, the services offered by ConceptCrypt are more useful for a very specific type of person: people who work in the creation of a certain type of small-sized files who are not very protected by copyright.
While a big software will be protected by the law, sometimes a photo or a text might be harder to prove that it was yours or you might lose some time trying to prove it. In any case, if you liked this company, feel free to use its services. We have reviewed it and found no glaring problems or red flags on the company’s services, so you are safe using it.