Technology

Storing Your Life on the Blockchain with iNation [CoinTelegraph]

Storing a document on the blockchain is one of those crypto promises people have been been promised for a long time. The Blockchain Factory is set to actually bring it to the user with their iNation platform.

The founders of the Blockchain Factory have been putting out some useful tools at a pretty quick clip, and as such we have talked to them several times in the past. David Mondrus already pioneered commitment to the blockchain when he and his wife Joyce recorded their marriage on the Bitcoin Blockchain. But now Mondrus and his cohort (and co-founder of Blockchain Factory and iNation) Nathan Wosnack want to bring that capability, and perhaps much more, to the masses.

Your Passport on Blockchain

iNation is designed to bring blockchain recording to the end user and small businesses. This might sound mundane, but it really isn’t. With it, users will be able to keep a perfect copy of their passport or deed or will or other legal document in a cryptographically secure place, and be able to access it at anytime using a mobile app.

Their stated short term goal with iNation is to allow you to travel internationally using only your phone, but it is hard not to think about the long term possibilities. International travel would be very impressive but it is potentially only the beginning. Once legal documents and contracts are uploaded to the blockchain, that is only one step away from smart contracts that are both stored and executed on the blockchain while also being enforceable in the fiat world. This is something they tell me they are “absolutely” working on.

Blockchain factory

Source : http://cointelegraph.com/news/113706/storing-your-life-on-the-blockchain-with-ination

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