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Blockchain-Based Time Capsule to Be Developed in Moscow

July 27, 2021, 11:30 (UTC+3)|

Developers from MGIMO, Moscow State University, and MEPHI are currently working on a time capsule service using blockchain technology, RIA Novosti reports. It will allow transmitting digital information to subsequent generations, including passwords to social networks, photos, texts, video messages, and locations of valuable things. The finished project will be presented at the “Archipelago 2121” workshop for startups held from July 27 to August 4, 2021.

Specialists are currently developing a website for storing the essential information in an encrypted form under the condition to transfer it to specific persons with a certain time lag (within at least 6 months), project lead Dmitry Izvekov noted.

A recipient will be able to get valuable information via a link sent to their account on the project website, while the “time capsule” will become available in the time specified by the sender. The encrypted data will be stored on SberCloud with backup copies on DropBox and other services.

The project is expected to get $30.000 to $40.000 worth of investments. The project will be monetized “due to the future popularity of the service and additional services,” the developers added.

Original (in Russian)


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