Cornell Researchers Unveil a Virtual Notary
First time accepted submitter el33thack3r writes "We've all wanted a trustworthy record of an online factoid, whether it's your official employment status, a tweet someone made or the hash of an open-source distribution to protect it from tampering. A group of Cornell researchers have just unveiled a service called Virtual Notary that can serve as a witness to online factoids. The service is useful for inventors who want to timestamp an invention disclosure, for people who are seeking an officially random number selected for a raffle or crypto protocol, for web services that want a record of a user's email address, and for many other use cases. The service is free and the researchers are seeking community input on other online factoids of interest. What would you like notarized online?" The concept is interesting, but some of the items they've chosen as examples seem well documented elsewhere, such as historical exchange rates and stock prices.
A long time ago, there was a site in the UK which would make a PGP signed timestamp of anything mailed to it (within reason). The site also published the hashes of everything stamped every week just to ensure nothing got tampered with. Of course, it means nothing legally, but as far as I remember, it never got compromised, so in theory, the timestamps it made could be considered usable.
This virtual notary appears to be as secure, with the hashes posted on Twitter.
Nice factoid about factoids. But, by your own link, the word has come to be used also to refer to "true but useless facts" -- like this one!
http://en.wikipedia.org/wiki/Factoid#Other_meanings
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The Internet has really changed the game here. What does a trusted person mean in a global context? More importantly, what exactly is the global entity that would declare a person to be trusted? If you've ever had to deal with international notarization, you'll know that the best that the current system can offer is a system of irregular local standards, glued together through Apostilles on dead trees. These are at best inefficient, though archaic would probably be a more accurate description.
Changing that landscape starts with providing alternatives to the public so that your Joe/Jane Lawmaker can see what is possible and change the laws to match the new technological capabilities.
If you were to look at the subsection called "Truth vs. Notarization" in this link in the article, you'll find much of the same points made.
Actually, no. Bitcoin is simply one of the methods used to record the notary log chain value into a long lived form. Bitcoin isn't central to this in any way.
The methodology is far less compute intensive than the mining methodology in bitcoin. If it weren't it couldn't keep up.
Virtual Notary publishes the hash of the log every time a certificate is issued. They also tweet this value. They could have as well used any other method that leaves a long standing record, even engraving it in metal and handing them out as souvenirs on an hourly basis.
Merely having any given hash validates all prior notary values up to the date it was published. The proof will be in every users hands, as well as community repositories.
Sig Battery depleted. Reverting to safe mode.
That's still really useful, you know. For example, suppose you take a photo of some damage when you move into an apartment or something, and want a third party to be able to attest that you took it when you moved in instead of moved out.
As they explain in the FAQ, they can't really attest to the truth of something for obvious reasons, but that doesn't mean that they're only slightly useful.
The domain existed, but Twitter didn't. Not really. Twitter wasn't created until 2006, and they bought the domain twitter.com for $7500 in that year.