We hold each asset’s metadata – for example genre, taxonomy, gated communities, etc. – in a blockchain. This is the data that enables full traceability, where users can identify who did what and when, for the entire history of the asset.
The actual segments of text – which can be anything from a single word to a lengthy paragraph – however, are stored off the blockchain. Reasons for this include:
- There is no need for the actual wording to be held on a blockchain when we already have extensive coded reference data
- Off-chain storage provides requestors with absolute reassurance regarding security and confidentiality
- The blockchain process operates quicker and cost-effectively when it is not required to store and process large volumes of energy-sapping data