What is the proposition of Counos to manage claims over copyright ownership?
A public space has been created on a repository such as Git to keep documents and evidence. The user who wants to prove a claim will send their file via the website or the exclusive wallet of the project.
With regard to the size of the file, a specific fee is calculated from CCXX (Counos X) to register and keep the file. A CCXX wallet and private key are given to the user in this system. Then the user can charge this wallet as much as required.
In addition to the file, the user can write a description in 140 characters.
When the request is submitted, the following transactions are released in the Counos X network:
The first transaction is from the CCXX wallet to an unknown wallet in the system known as a Burn address. At the same time, the sent file is encoded with the user’s private key and kept in a temporary space. An MD5 code is created from the file and registered in the OP_Return of the transaction.
In the next two transactions, the description provided by the user will also be included in the OP_Return of the transaction.
The sent file will have a name as the Transaction ID of the first transaction and will be saved in the public data center. This file is accessible for everyone, but only the owner with the private key can see the content.
The registered description in addition to transaction numbers and the MD5 code will be given to the user in the form of a digital certificate by Counos network. This certificate confirms that the file with the MD5 code and the claim proposed for ownership are kept in the Counos network.
The user will not have a choice to go back or cancel.
The user can use the website or the exclusive wallet anytime to get a copy of the file and decrypt it using the private key.