iov42, Tata Steel UK and the Welsh Government join forces
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Proofmesh

03rd July 2022

The iov42 Proofmesh® is our unique way of recording transactions. With our Proofmesh® mechanism, each identity and asset type combination has a distinct chain of transaction proofs. For every transaction involving two or more identities or assets, the chains of the respective identities and assets are combined, forming an...

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Proof of Work (PoW)

03rd July 2022

It requires members of a network (‘miners’) to expend effort solving an arbitrary mathematical puzzle to prevent anybody from gaming the system. From an energy efficiency perspective, PoW is the least efficient consensus mechanism.

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Proof of Stake (PoS)

03rd July 2022

With Proof-of-stake, cryptocurrency owners validate block transactions based on the number of coins a validator stakes. PoS was created as an alternative to Proof of Work.

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Proof of Authority (PoA)

03rd July 2022

Proof of Authority is a type of high performance, low energy consensus mechanism where the transactions are validated by approved nodes. In contrast to public Distributed Ledger Technologies, the nodes are known and need to earn and maintain the right to be validators. Thus, PoA incentivises validators to stake...

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Product Authentication

03rd July 2022

Authentication is the verification process that proves that an identity or asset is real.

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Permissioned

03rd July 2022

In contrast to public Distributed Ledger Technologies, permissioned ones require every new node to be approved by the existing ones before entering the network. This is particularly good for enterprises and governments who value privacy and the value that their reputation carries.

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