Quote from: cryptobnbico on December 20, 2017, 08:57:10 AM

Quote from: Ginos on December 20, 2017, 08:30:34 AM

I would like to know how does the Interplanteary File System (IPFS) would help in the rental platform as I don't truly understand the concept, just basic google search..

InterPlanetary File System (IPFS) is a protocol designed to create a permanent and decentralized method of storing and sharing files. It is a content-addressable, peer-to-peer hypermedia distribution protocol.

Smart contracts are used to immutably track and transfer value and safely manage sensitive information. The information in a public blockchain (e.g., Ethereum) is 100 percent transparent and can be seen by anyone. With sensitive information, there is a need to protect it from being altered and to prevent theft and fraud. Smart contracts can hash information into illegible strings by creating what seem to be random numbers and letters that are approximately 32 characters long. The ability to hash information used in combination with the Inter Planetary File System (IPFS) will create what is known as Permissioned Blocks. Only users with the blockchain address and key to the hash will be able to access the information or allow others to access the information either in part or in its entirety.

Traveler preferences such as accommodation types and the proximity to theaters or sporting venues, airports, and tourist attractions will be specific to each traveler and documented in the secured filing system that will be implemented using Permissioned Blocks and IPFS technology.

uPort technology will be utilized to perform identification protection and validation activities to maximize the user experience for both safety and ease of use. The IPFS data will need to be secured similar to methods within the blockchain, but because there will be a growing amount of data with the addition of each user and the continual updating of user information, the data must be stored in another way, not on the blockchain, thus requiring the integration of the IPFS and Permissioned Blocks.

Thanks for the quick answer, as decentralized distrbution protocol in a fact.