July may have been light on news but there have been a lot of developments which will improve KnowledgeArc.Network’s technology moving forward.
Using ARCH for covering Ethereum network costs
We have been investigating the concept of zero gas charges for our upcoming smart contracts. This means that you will not have to hold Ether, the default currency for handling any transaction fees on the Ethereum blockchain, when dealing with our smart contracts. Instead, all fees will be handled using Archive (ARCH) tokens which should aid in onboarding new users to the decentralized archive.
One of our developers has been working with the OrbitDB community to develop another way to communicate with the decentralized database system. For developers and technical users, you can find out more at https://github.com/orbitdb/go-orbit-db/.
We’re working on a decentralized digital asset identification system using Ethereum smart contracts and OrbitDB. Knowledge Identifiers will provide an alternative to existing, centralized solutions such as Handle.net and DOI.
Such a system will provide immutable, permanent identification of digital assets, collections and even users in a trustless way, which means users won’t be beholden to a single point of failure; instead they will be able to manage their identifiers on chain with no 3rd party dependency.
This opens up exciting new use cases; identifiers will no longer simply be permanent links to an item. Instead they could potentially open up licensing, citation and other opportunities.