All network participants store and jointly verify the ledger in which transaction details are recorded based on a hash function (input data → fixed-length 'hash value' output) to ensure data integrity and reliability without a third party accredited organization skill to do.
Technical overview
Technology for blockchain based content distribution platform for data trading
Use of blockchain to simplify procedures that required 3rd party involvement. Create direct data market services that guarantee data distribution transparency and quality
Overcome limitations of data trading such as absence of trust, ineffectiveness of data usage, unsafe data exchange, etc.
Necessity and importance
(Market) Areas of communication, content, and automobiles in the blockchain AI convergence market are growing rapidly, at an average rate of over 27%
(Policy) Conforms with the policies and investment direction set by I-KOREA 4.0(‘18.1), Strategic Investment Direction for Innovative Growth (‘18.8), and Strategy for Blockchain Technology Proliferation (’20.6)
Applications
< Application Areas for Blockchain Based Content Distribution Platform >
Areas
Description
Distribution
Trade platform that replaces intermediaries and automates product and inventory management
Transport
Generate tokens based on vehicle movement tracked by GPS (Proof-of-Movement). Provide a platform that uses such mobility tokens for diverse applications
Authentication/
Ownership
Store information in blockchain for verification, authentication, and fraud detection to prevent notarial and ownership disputes (e.g., document forgery, tampering)
Metaverse
Market platform for trading in the metaverse virtual world