Why Themis

Nowadays digital information travels across the globe at the speed of light, all systems involving people's social, work and private life are interconnected and every information is easily searchable, shareable and copyable. 

 

However, this marvel of technology creates new challenges in the verification of information and in the protection of intellectual property, in fact it is extremely simple to appropriate of others' creations, alter and make them their own, just as it is extremely easy to alter common knowledge, by manipulating information to pursue its goals.

 

To protect themselves from the appropriation and manipulation of information, notarization has been used for a long time, namely the deposit of certain information with a trusted third party, generally authorized by states and governments.

Through notarization it can be shown to have possessed a certain information and that a certain information present at a given time has not subsequently been altered.

One of the first use cases of notarization is the protection of intellectual property.

The protection of intellectual property is the ability to demonstrate to have conceived a work, a process, an idea, a technological solution or any other creation of the human mind. Notarization is therefore proposed as a natural tool for the protection of intellectual property.

Another protection mechanism against the alteration or omission of information is auditing, which is the validation of interconnected information (typically financial) by trusted third party companies.

Themis allows third party Auditors to inspect and sign data published by Authorities to guarantee the validity of such data.

Auditing combined with notarization warrants the highest level of data certification.

The main problems in resorting to traditional notarization and certification of information are mainly the following:

  • costs: notarising and certifying information from notaries or specialized companies is very expensive;

  • automation: it is not possible to include traditional notarization / certification processes in an automatic flow, human intervention is necessary;

  • reliability: human certifiers always remain corruptible and prone to error, and their archives can be destroyed or tampered with by external actors.

The most adopted public blockchain networks (Ethereum, Bitcoin), thanks to their characteristics of immutability, time unlimited persistence, transparency, unrestricted accessibility and programmability are the ideal solution for notarising and certifying information.

However, writing and verifying data on a blockchain is complex for the average digital user: it is needed to define information representation formats, manage wallets and private keys, interact with smart contracts, buy tokens to pay the writing operations and finally make everything usable to its stakeholders.

Themis stands as a thin layer that simplifies the complexity of interacting with the blockchain to notarize information and verify it.

In fact, Themis provides a high level self-service user experience that allows individuals (B2C) and companies (B2B) to independently prepare and write their own data on blockchain, making these available to all those parties that may be interested in verifying and examination.

Themis is the definitive self service and low cost solution for data notarization and certification.

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