How will our time capsules work? What will we be able to put in them? At what cost?
First things first: what is an NFT? You've probably heard these three letters on our social networks, in articles and even more recently on television.
To put it simply, let's compare a "non-fungible token" to a dematerialized work of art that can take the form of a text, a clip, a video or even a 3D object. If one could believe that it is possible to certify anything and everything, this is where the different services come in to authenticate, verify and tokenize your creation. Once done, you receive a certificate of ownership that proves you are the official owner: at this point, you can decide to keep it, offer it or sell it on platforms.
On our side, our time capsules also take the form of NFT, which will allow to visually represent them before accessing its content. For the moment, only a few models exist, but we are planning the arrival of our own marketplace, allowing artists to propose their own creations and users to get their hands on designs that reflect their image.
Once you have acquired your time capsule, you can choose the recipient, the content, and the protocol:
The Safe Protocol
With this smart contract, it is possible to store data in a decentralized way through the Ternoa blockchain, to consult and retrieve them at any time. It is a classic form of storage, but its concept combines the security and transparency inherent to Ternoa.
The D-Day Protocol
This smart contract makes it possible to set the exact date on which a capsule will be sent to a given recipient. The capsule thus acts as a kind of digital safe, which can only be opened on a specific date.
The Consent Protocol
By using this smart contract, recipients have the right to request access to the time capsule after a given period of time and provided that the owner does not use his veto right. If the creator does not object to the sending of the time capsule during a period that he himself has defined, the smart contract considers that the creator consents to the sending of the capsule.
The Death Protocol
With this smart contract, the time capsule is issued at the death of its creator. To work in the best conditions, this protocol is based on the programming interfaces (API) of local death registers. Initially, this protocol will only be available in certain eligible countries.
The Countdown Protocol
As its name suggests, this smart contract allows to activate a countdown before sending a capsule. When the countdown ends, the capsule is immediately issued. If desired, the creator of the capsule can restart the countdown from the beginning, as many times as necessary.
The idea, and one of the big challenges of our project is to be able to offer users the possibility to store the maximum number of file types. Initially, it will be possible to store text, photos, audio and videos.
Whether it is to leave passwords for different wallets, to share memories or to protect your projects, our blockchain will allow to secure your data until the protocol is activated.
Moreover, if Ternoa no longer exists, our blockchain will still live on and ensure the various transmissions.
Today, it is difficult to disclose the final price of a capsule since we are still working on it. However, it is important to know that several criteria will influence the price:
- The design of the capsule
- The date of transmission
- The weight of your files to be transmitted