Can a blockchain be used to verify or store a document on the blockchain

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People say that blockchain can be used to store and verify documents. But I've heard that bitcoin is meant for facilitating transactions. In that case is it possible to store documents and files. Is there any blockchain implementation for specifically storing and reviewing files.
May 10, 2018 in Blockchain by Shashank
• 10,400 points
366 views

1 answer to this question.

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Bitcoin is decentralized payment syatem. It was designed to send virtual currencies over the network, it is however used as a messagaing system and file transfer service as it allows to send some additional informational payload to transaction.

However, blockchain concept could be used for many other purposes. Ethereum platform is better for developing such use cases whuc involves document verification and storing of information. Ethereum implements priciple which says that code is law. So, you can code anyting on the platform and deploy it on the network. The services you are looking for is thus suitable for ethereum or many other blockchains but bitcoins.

answered May 10, 2018 by Johnathon
• 9,090 points

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