Ternoa is a blockchain network developed by Capsule Corp. for a particular purpose. The platform considers memories as an essential part of a person's existence. However, digital technology has been beneficial in creating memories while at the same time has failed to offer solutions to efficiently preserve them over time so that they can be passed on to the next generations.
The Ternoa blockchain platform allows users to store the data of their lives in a secure and reliable way. The advanced open-source, decentralized, and democratic technology keeps the contents secured and triggers data transfers with the help of transmission protocols developed in the form of smart contracts.
A software development kit (SDK) within the platform facilitates the development of mobile or web applications, thus making the Ternoa blockchain accessible to all use cases. Moreover, Capsule Corp. has also developed an application called ‘Application Ternoa’ from the SDK. This application allows users to create ‘Time Capsules’ to encrypt, store and transfer data in a secured manner for longer durations. These capsules are non-fungible tokens issued to users on the Ternoa blockchain network.
To generate a capsule on the app, a user needs to start with an NFT, which is then minted by the blockchain. The capsule contains private and encrypted data. Users' memories are secured with confidentiality, integrity, and in a decentralized way. The capsule of memories can be passed on to a new owner by giving them the private keys to the capsule. Adding a transfer protocol to the capsule bounds it with time, and the defined date can only trigger the protocol, then the keys are automatically sent to the new owner.
CAPS is the native token of the Ternoa blockchain. All transactions on the network are carried out in CAPS, mainly used to create NFTs, encryption, and storage of data over time. Ternoa also has its own crypto wallet, letting users manage their CAPS effectively.
