Record events on database and verify its integrity on-chain.
Memories allows individuals and organizations to create their personalized side chains and subsequently roll-up database hash verifications to the main blockchain. This architecture ensures that while the side chain data's lifecycle remains flexible (modifiable or deletable), the data's integrity remains verifiable on the main chain. The database content itself is secured on the IPFS network via Filecoin, ensuring decentralized, redundant, and verifiable storage.
Imagine having an unalterable yet verifiable list of event attendees, or a dynamic database of school graduates whose data can evolve (e.g., updated addresses, professional achievements) while maintaining traceability.
In many systems, lists or databases (like event attendees or alumni) are neither permanent nor easily verifiable. This lack of transparency and permanence can lead to trust issues and data disputes.
Memories offers a multi-layered solution: