By: Geeq on May 30, 2023
An essential value proposition of blockchain is that it is an automated system that offers unbiased mathematical proof that a given transaction has been processed correctly. If you have proof, you no longer have to depend on another party’s version of the truth.
In fact, the ability to produce indisputable proof is one of the most sought after outcomes in advanced blockchain technology.
Geeq has solved this problem. Geeq’s protocol efficiently calculates proofs of inclusion for each transaction entered in a block, distinguishing between transactions deemed valid and invalid. Geeq’s proofs of validity and inclusion are durable; they will hold up despite any attempts to tamper with the data in the blockchain itself.
This fulfills the promise of blockchain technology: when various unrelated actors are able to check the provable status of the same data, previously intractable coordination problems can be solved. Geeq’s technology incorporates permissions to read, write, and verify on-chain data for deployments of private chains suitable for enterprise and regulatory use.
Proof makes life easier
Whether you want to access your proofs now or later, knowing proofs exist and the same proof may be produced at any time has immense value. Use an app like Geeq Data or an API to send data to a Geeq blockchain, ask for the proof to be returned, and relax. The job is done. You have done your part. The technology can do the rest, to produce a durable (permanent) receipt.
Private Geeq blockchains have the ability to restrict who has access to them. However, as long as a small set of data (hashes) are published, a stranger can verify your 1 kb durable receipt using only these hashes, which reveal nothing about the underlying data. They do not even have to have an account on the blockchain to convince themselves of your claim.
Thus, you will not have to worry about assembling your various identification papers, making phone calls for permissions and then faxing copies for confirmations, or waiting for a time-intensive audit or expensive challenge to confirm your statements.
Geeq’s proofs are easily accessible, inexpensive, and available for any level of granularity of data you have chosen to submit to the blockchain.
Non-crypto applications for blockchain proofs
Supply chain and provenance: Once a digital object has been registered on-chain, it is possible to prove all on-chain claims to transfers of ownership. Using Geeq’s white-labeled, no-smart contracts NFTs, these digital objects may represent physical objects as well. Putting NFTs and attestations together on a Geeq chain provides independent certainty (with proof) over lawful ownership and transfers of ownership, whereas a dissatisfied employee may be able to tamper with a company’s internal tracking system during transit in order to falsify data.
Data lineage and chain of custody: A permanent, unbiased ledger of record may be automated where each step in a chain of custody is accompanied with proof based on contemporaneous attestations to the blockchain. For such sensitive data, Geeq’s industry-leading security crucially provide proofs that endure despite internal or external attempts to alter the data.
Compliance and auditing: A blockchain may be set up specifically to validate transactions required for compliance and auditing. Data may be sent automatically to an API or attestations may be provided individually. Upon receipt, validation occurs and is recorded in a block: at the same time, the existence of the proof may be calculated. Geeq’s standardized methods provide a convenient way to link the entire history of provably reported data, substantially decreasing the costs of compliance and audits.
Cyber-resilience and data integrity: Durable proofs of inclusion and validity can be used to ensure data restored after a cybersecurity attack are the same as the data that existed before an attack. These proofs may be kept economically in a system that stands apart from an enterprise system, akin to providing an “air gap” to prevent contamination between computers in a network.
The Geeq difference
Geeq’s protocols and data structures have been optimized to make the calculation of proofs affordable, efficient, and convenient for enterprises and individuals. Proofs of inclusion are approximately 1 kb for each transaction. These durable proofs are small enough to be stored locally on customers’ own hardware, even for huge volumes of transactions.
An ingredient in Geeq’s secret sauce is that Geeq’s standard transactions do not use smart contracts, a deliberate choice to eliminate a tremendous amount of complexity. It is one of several reasons Geeq can call itself a Layer 0 platform.
In contrast, platforms that incorporate smart contracts require data availability for each smart contract before it is able to truly verify the state of each contract and/or the code for interdependent smart contracts. These extra steps add costs in fees and time, cannot guarantee durability if a smart contract is exploited, and are very much a work in progress.
Confirmation is not enough. You need proof.
Confirmation your data is in a block is not enough. Any website or app can generate such a message, without ever touching a database. Software from a centralized provider can give you a false message if it has been compromised and – even if you think the message is correct – you’re trusting the provider to tell you the truth.
Proofs that do not depend on a trusted party are an essential part of the blockchain value proposition. Centralized parties have additional costs and security concerns to keep your current data safe, much less reconstructing proofs of the history of your data at a granular level. When you are fully dependent on a trusted party and they go down, they can take you down with them.
Geeq’s patented technology delivers the proof you need to protect your most valuable data. You (and your centralized providers) can use Geeq to prove the state of your data in a block whenever and to whomever you like. Simple.
Geeq will roll its services out to enterprises first. Enterprises need an independent way to verify transactions across their own departments. They have partners and regulators to satisfy. Geeq’s technologies offer new methods to share unbiased and validated proofs that will stand the test of time with external parties. When all the milestones in the roadmap are complete and ready to accommodate public nodes, Geeq’s open source technology will become available for public use.
Delivering user-friendly proofs for public blockchains will mark a major advance in the blockchain technology space. Although there is still development work to get to ‘mainnet’, Geeq has already laid the groundwork for durable proofs at scale. Watch this space for explainers, guides, and examples to be published later this year.
All proofs in blockchain depend on using hashes, public-private keys, and repetition (more formally, recursiveness). These mathematical calculations are tried and true and have been used in computing for decades. What’s new is how efficiently Geeq applies these to its blockchain data structures.