Hello and welcome to this blog post about Opal White Paper. I am very excited to know that you are interested in this amazing technology, you will be going to amazed by the incredible potential of the blockchain.
There is a lot to learn about this futuristic tech, lets get started to dive into the Opal white paper and start to leverage it to build a more secure and trusted ecosystem for Industry 4.0 applications.
The aim of this blog post is to help you quickly understand about the philosophy behind the Opal (OPAL).
I can ensue you that, you will be able to understand every bits and pieces related to Opal (OPAL) after going through the Opal white paper.
Without wasting any further time lets get started to dive right in and lets understand white paper first.
What is white paper?
A white paper is an informational, influential, well-structured document, usually published by an organization, to provide in-depth information about a specific solution.
A white paper is used to provide a good insight into the challenges for a specific problem and a proposed solution for the same.
Opal White Paper
Opal white paper will be going to provide you, all the information that is needed to get started with Opal (OPAL), including the inspiration for creating, the problem it is trying to solve and the solution proposed by Opal (OPAL).
File storage and transfer has repeatedly shown its vulnerabilities in both security and privacy and this problem is amplified when storing one’s files and information in the cloud. In an effort to find a final solution to this problem, decentralized cloud storage was created. Highly skilled individuals and organizations are researching different solutions to harness this new technology. Opal is developing an experimental system that will allow individuals the ability to: upload, transfer, and decrypt files using the Opal Core wallet through the Storj MetaDisk api.
Opal’s solution is to build a transmission layer on top of Storj’s existing MetaDisk infrastructure. This system will allow a user to encrypt a file using the encryption system used with Opacity to allow a user to encrypt a file with another user’s private key, while only possessing their public key.
This resembles PGP’s public key encryption, except Opacity’s file transfers allow for encryption with the EDCSA. Once the file is encrypted with the receiver’s private key, the file is uploaded to Storj (a distributed file sharing network that serves as our offchain secure method of file storage). The link to download the file is then sent to the receiver via OpacityEM, at which point the user can then download and decrypt the file with their private key.
White Paper Link: Opal (OPAL) White Paper
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