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MIT explores cryptographic heritage solutions with bitcoin and blockchain

Monday 25 April 2016 11:23 CET | News

MIT has expressed the intention to explore blockchain technology, allowing the creation of cryptographic heritage.

There are certain advantages to using a distributed and tamper-proof ledger that anyone can access at any given time. Moreover, this technology allows for authenticating documents and securely signing messages, making it a far more favorable solution than any other option in existence right now.

Signing external documents on the blockchain could be achieved by regular Bitcoin transactions. Additionally, a text could be written into the blockchain itself, either through miners or encoded in specific addresses. However, neither of these solutions are favorable in their current form.

MIT is a good player in this regard, as their campus is being used to recreate destroyed heritage in a participatory project. Recreating this lost culture through plexiglass jewelry arranged as pixels is an interesting spin on things. 

Cryptographic heritage would allow keys to be more than just a key, as it would also represent a token, store of value and medium of communication.


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Keywords: Bitcoin, blockchain, cryptographic heritage, distributed ledger, transactions , cryptocurrencies, MIT
Categories: DeFi & Crypto & Web3
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DeFi & Crypto & Web3






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