Everything You Need To Know About Digital Time Stamp

Time Stamp

Being the real owner of anything in today’s world is challenging, whether it be an idea for innovation to change the world or a plot for a book or movie. But why? Because the world currently has around 8 billion people worldwide, the chances of two people having the same idea are of high possibility. 

Intellectual property is essential to everyone, and guarding it with the proper security is even more crucial today. Creation ownership is something most people are unaware of, and to be someone who can give rise to something worthy- the time stamp is for you.       

What is a Digital Timestamp?

With the internet being a vast place to connect and portray one’s creations online without being concerned about safety, today seems like a lack of concern. The digital time stamp helps secure original creations of any kind and provides ownership of the work. A digital certificate eradicates the chances of plagiarism or anyone wanting to tamper with it.

The process of creating your digital timestamp is uncomplicated. 

• Answer specific simple questions. 

• Upload your creation based on its form, be it an idea, video/audio, etc.

• Save the details. 

          

Many automatically worry that protecting their intellectual property will cost them a fortune. Digital time stamps are affordable to anybody because it is economical. People creating digital content can opt for the time stamp to suit their needs.       

When was The Digital Time Stamp Invented?

At the beginning of how the world functioned, the timestamp was something that encoded information that identified when a specific event occurred, usually giving a date and time of day, sometimes being accurate to even a tiny fraction of a second. Now that we know the timestamp, how did the digital time stamp come to life? 

Two researchers, Stuart Haber and Scott Stornetta, developed some of the digital time stamp technology back in 1992. They re-released the software with a better redesign; the company makes its money by charging a fee for documents, with prices ranging from about $1 per document in low volumes to about $0.13 per document for corporations that buy in bulk. The company targeted two markets- the pharmaceutical and finance service companies as their target customers for digital time stamp.         

What does it mean to Timestamp a Document?

A time stamp is a way to prove that the contents of a document were created at a specific point in time and have never changed since. A cryptographic hash is created from the contents of a document when it is time stamped. It assigns a private key creating a digital signature timestamp. 

Digital signature timestamps are digital signatures one can keep for additional security alongside the date and time set on the document. Once a document is timestamped, remember this is optional; add in a digital signature timestamp. Not many choose to do it, but it will protect your creation by an abundance. 

What is a Timestamp Example?

What is timestamping in simple words? It is known as timestamping, when the date and time are recorded at a specific event. While “what is time stamping” signifies this, what did its purpose serve, and how did this find a way to secure their data without the availability of digital security? 

Today we are blessed with abundant technology to record our precious lives. Back then, it helped keep records in information exchange, deletion, or creation scenarios. To understand how the record entry looks- A Time Stamping example- 1970-01-01 00:00:01. 

Conclusion

The Timestamping example shows how far we have come regarding technology and security. While safeguarding intellectual property is sorted, how does one plan on securing digital assets and accounts? It also raises concerns about how well the security is maintained to protect the assets, accounts, and more.

Since planning is essential- digital estate planning fits perfectly into it. With most people clueless about how to take care of their assets/accounts, a digital estate plan helps navigate this confusion. Protecting memories in a time capsule or granting access to social media accounts through a social media will- protecting your data is the primary goal digital estate planning follows.