Ternoa (CAPS), transmit your memories and private data with the blockchain
How can you ensure that your memories, your private data, or anything else is reliably transmitted in the future? Safety, durability, respect for integrity, all essential components to ensure the transmission of a data. However, it is still a complex process in certain situations, especially in the event of death. Procedures are often long and tedious, as well as costly.
It was from this observation that the French startup Capsule Corp. had the idea to create Ternoa. Designed to store and transmit data securely, Ternoa uses the blockchain and all the benefits it brings to redefine data transmission.
To achieve this, Ternoa proposes to its users to create time capsules whose terms of opening and reception are decided by their creators.
Open source and fully decentralized, the Ternoa blockchain relies on Polkadot, a protocol that relies on interoperability by linking several specialized blockchains into a single unified network. It is also on this interoperability that Ternoa gets the best out of it, which allows it to communicate with other blockchains specialized in certain data protocols.
“For example, Ternoa’s blockchain redirects files stored in time capsules to blockchains whose decentralized file storage is the main mission such as Arweave, Sia or Storj, while keeping a copy of the file on its own network”
In addition, Ternoa will also use Chainlink’s oracles, which ensure compliance with certain conditions in the management of the issuance and delivery of a capsule.
The Ternoa blockchain also has its own token,CAPS This token will play many roles in Ternoa’s ecosystem and will include the creation of capsules, funding for the capsule’s decentralized storage over time and encryption.
It should be noted that the Ternoa network uses the consensus of the Nominated-Proof-Of-Stake (NPos), and therefore has validators and names to guarantee its integrity. The latter are paid in the form of CAPS tokens.
How do Ternoa time capsules work?
Ternoa time capsules are non-fungible tokens, more commonly known as NFT. These unique and identifiable tokens are accompanied by plethora of use cases.
The creation of a time capsule is thus associated with the generation of several encryption keys, scattered between the different masternodes of the Ternoa blockchain. To open a time capture, it is therefore necessary to gather these same keys.
With regard to the issuance of a capsule, the user will have the option to pay the fees either with fiat currencies (euro, dollar) or with CAPS tokens. With Ternoa aiming for large-scale adoption, the team wants the process to be as transparent as possible for the user.
Thus, in case of payment with euros, these will be converted to CAPS in the background. The process will remain invisible to the user, even if of course the Ternoa blockchain is requested for the emission of the capsule.
Ternoa will roll out the first version of its NFT market based on the SubstraPunk project in 2021. Built on the Polkadot network, this NFT ecosystem will allow creators to offer and sell Ternoa-compatible NFTs.
A series of 5 transmission protocols
For its capsules, the Ternoa team has developed 5 data transmission protocols, each with its own characteristics guided by a smart contract. Thus, it is possible to transmit capsules for specific use cases.
1 -The Safe Protocol
Using this smart contract, it is possible to store data in a decentralized manner via the Ternoa blockchain, to view it and to retrieve it at any time. It’s a classic form of storage, but its concept combines the security and transparency inherent in Ternoa.
2 -The D-Day Protocol
This smart contract allows you to set the exact date of sending a capsule to a given recipient. The capsule therefore acts as a kind of digital safe, which can only be opened on a specific date.
3 -The Consent Protocol
By using this smart contract, recipients have the right to request access to the time capsule after a certain period of time and provided that the owner does not use his veto. If the creator does not object to sending the capsule for a period that he himself defines, the smart contract considers that the creator consents to the issuance of the capsule.
4 -The Death Protocol
With this smart contract, the time capsule is emitted at the death of its creator. To operate under the best conditions, this protocol is based on the programming interfaces (APIs) of local death registers. Initially, this protocol will only be available in certain eligible countries.
5 -The Countdown Protocol
As the name suggests, this smart contract allows you to activate a countdown before sending a capsule. When it ends, the capsule is immediately emitted. If he wishes, the creator of the capsule can restart the countdown from the start, as many times as necessary.
Ternoa blockchain and its time capsules bring a new use case to non-fungible tokens. In addition to greatly facilitating the transmission of private data, Ternoa relies on maximum security, while making the use of its solutions as ergonomic as possible.
Also, its ingenious use of Polkadot ensures Ternoa’s most comprehensive interoperability, a key component today to multiply the potential number of users.
The multiplicity of methods available to send time capsules is a peculiarity unique to Ternoa that allows to multiply the cases of use. Each user can find his account, whether for the simple transfer of a data to the one who wants to prepare the transmission of his inheritance .
In fact, the Ternoa team is currently working on a smartphone app entirely dedicated to its ecosystem. This will allow capsules to be sent and CAPS tokens to manage.
Check out this interesting project at https://www.ternoa.com/
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