Blockchain Unique Identifiers
Use of Universally and Globally Unique Identifiers (UUIDs/GUIDs) is a well known method for linking data across different organisations and systems. UIDs enhance data integrity and facilitate collaboration by providing a consistent reference point that remains unchanged over time, regardless of changes in ownership or system architecture.
nChain Event can create blockchain UIDs that can easily be converted into a Version 4 (random) UUIDs/GUIDs for you.
A Version 4 (random) UUID/GUID is 128 bits containing 122 bits of randomness. We can create one from the location of a record written on the blockchain. The location comprises 256 random bits (driven by the entropy provided by the 256 bit ephemeral keys used in generating the signatures), so we will use the first 128 bits, and set the UID version and variant bits.
The resultant UUID/GUID can be shared across your organisations and systems.
Or you can share the original location (the blockchain UID) instead, allowing anyone to check that the UUID/GUID is registered on the blockchain, check the reference in the payload, and generate the UUID/GUID themselves from the location using the same method.
Benefits
Transparency
Global uniqueness
Persistence
Blockchain unique identifiers can have a reference payload
Portable across any systems, departments, companies, consortia, institutions and countries
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