Introduction
Welcome to the future of image data storage! The library on the blockchain is here to revolutionize the way we store and access image data. In this blog post, we will explore how this innovative solution works and the benefits it brings to both data suppliers and customers.
The Vision
Our vision for the library is to provide a secure and decentralized platform for storing image data. We understand the importance of safeguarding personal identifiable data (PII), and that’s why our focus is solely on storing non-PII image data. By leveraging cloud-based services on the blockchain, we can ensure the highest level of security and privacy for our users.
Payment and Commission
In order to deposit image data into the library for storage, suppliers will be required to make a payment using a cryptocurrency. This ensures a seamless and transparent transaction process. The crypto wallet owned by the library will receive these payments, which will act as a commission to the data supplier and a service charge to the library.
Accessing Image Data
When a customer wants to use the image data stored in the library, they will also need to make a payment to the crypto wallet. This payment serves as a commission to the data supplier and a service charge to the library. This innovative approach ensures that both parties are fairly compensated for their contributions.
Commission Transfer
Once the payment is made, the crypto wallet will automatically transfer the commission to the data supplier. This eliminates the need for manual transfers and speeds up the payment process. By leveraging the blockchain, we can guarantee the security and immutability of these transactions.
Service Charge Conversion
The crypto wallet will offload the service charge for the library into GBP, ensuring that the library can easily manage its finances and cover operational costs. This conversion from cryptocurrency to GBP allows for seamless financial management and ensures the stability of the library’s operations.
Conclusion
The library on the blockchain is a groundbreaking solution for image data storage. By leveraging cloud-based services on the blockchain, we provide a secure and decentralized platform for storing non-PII image data. The payment and commission system ensures fair compensation for data suppliers and the library, while the automatic commission transfer and service charge conversion streamline financial operations. Join us in embracing this exciting new era of image data storage!