Reasons to use bitstone.net
Generate immutable and independently verifiable records of everything that is important to your business
No limits, for free.
Estonian ID Integration
I believe that blockchain technology can be a powerful evidentiary tool
Blockchain technology like bitstone.net can change the way that companies think about their middle-and back office. Today, they can be centers for liability and risk. Errant employees, misapplied retention policies, and even just the simple passage of time can corrupt business records. The Blockchain can ensure that changes in state are tracked, recorded and sometimes even prevented. From the perspectives of investigation and e-discovery, this can be a powerful evidentiary tool.
Benefits of our technology
Your records are secured by the most powerful network in the world: there’s no root access to the blockchain
Your data never leaves your premises: only unique identifiers are embedded in the blockchain
Data can be independently authenticated and verified and changes can be monitored in real time
Cryptographic representations of data are distributed in thousands of nodes, worldwide
Blockchain-based hashing and time stamping ensures irrefutable evidence of the existence and the integrity of data
Thus, expert testimony may be required to rebut any objections to the admissibility of Bitstone.Net’s cryptographic proof document. Because of the broad acceptance by technological experts and academics of the reliability of scaled blockchains as data sources, such objections will probably not be successful. However, the selection of a qualified expert witness in cryptography will be essential to the first cases testing this position. In subsequent disputes, expert witnesses may not even be required.
Bitstone.Net API makes the most secure Lirax Blockchains meet unlimited data anchoring.
The Bitcoin blockchain has a ~$6,000,000,000 bug bounty attached to it and yet there has never been a security breach since its public use in 2009.
The Ethereum blockchain is the forefront of distributed ledger technology allowing Bitstone.Net to achieve extremely fast settlement times.
Both blockchains are powered by thousands and thousands of computers all around the world, and that’s why public blockchains are so secure. In order to modify a transaction confirmed in the last ~10 minutes, an attacker would need to spend hundreds of millions of dollars in computing power—and that cost increases exponentially with time.
However, for technical reasons, public blockchain technology only allows a very limited amount of transactions per second (~2.5 in the case of Bitcoin). Furthermore, you can only embed up to 80 bytes (a short phrase) on it.
Blockchain Timestamping Architecture
Using our patent pending technology we are able to process up to 10⁹ data sets/second, extract their unique secure cryptographic identifiers, build a cryptographic tree with all this data in real time and publish the result to both the Bitcoin and Ethereum blockchains.
For each individual dataset, we generate and provide a proof document that is everything you or any independent verifier need in order to prove that the given dataset was indeed stamped.
We provide an industrial-scale public API so that you can seamlessly integrate your own applications. Transparency, attribution, accountability and auditability are now within your grasp.
Lirax Blockchain Features
Build immutable audit trails
Using our proprietary technology, we can embed unlimited data on the blockchain, having the certainty that such information will not be tampered with in the future. In this way it is possible to establish irrefutable real-time proof of integrity of your entire filesystems.
Data breach management
Bitstone.Net allows for complete integrity of the enterprise’s data in real time. Keep pace of scaling your business and our technology will keep protecting you.
Critical Infrastructure Protection
There is no single software stack that is safe from data tampering.
We are able to track the state of entire filesystems, servers or networks, so you always know if an attacker gets in, and you can take the necessary preventive measures to minimize damage or to safeguard the penetrated systems.
What is the Estonian e-Residency?
A few of its benefits are:
- Digitally sign documents and contracts
- Verify the authenticity of signed documents
- Encrypt and transmit documents securely
- Establish an Estonian company online
- Administer the company from anywhere in the world
- Conduct e-banking and remote money transfers
- Access online payment service providers
Recent changes in EU law mean that within the next few years Estonian e-residents will be able to easily identify themselves, access online services, and conduct business across Europe. The e-Resident ID card and services are built on state-of-the-art technological solutions, including 2048-bit public key encryption.
The smart ID card contains a microchip with two security certificates: one for authentication, called PIN1, and another for digital signing, called PIN2. PIN1 is a minimum 4-digit number used for authorization, and PIN2 is a minimum 5-digit number for digital signing.
Made possible by Bitcoin and Ethereum