Digital Time Capsule to Be Created in Russia

Russian specialists will develop a “time capsule” service using blockchain technology to transfer digital information to heirs, RIA Novosti reports with reference to the press service of the National Technology Initiative Platform. 

It is expected that the time capsule will securely store digital data and assets, such as passwords for social networks or keys to bitcoin wallets. According to the project manager, Dmitry Izvekov, a website is currently being created where users will be able to store all the necessary information in encrypted form with the condition of transferring it to specific persons in at least six months. The development is carried out by a team from the National Research Nuclear University (MEPhI), Moscow State Institute of International Relations (MGIMO), and Lomonosov Moscow State University.

It is specified that in addition to passwords, photographs, texts, video messages, or coordinates of the location of valuable things can be placed in the “time capsule” in order to pass them on by inheritance. A user sends the link with the information he wants to save to a recipient who must create a personal account on the service website. The time capsule itself will be opened only on the specified date chosen by a user.

The encrypted data will be stored on SberCloud and duplicated on DropBox and other sites. It is mentioned that to create the project, they plan to attract two to three million rubles. Sending the first two capsules, according to the developers, will be free (monetization is planned due to the future popularity of the service and additional services).

Ru-Main, 27.07.2021 

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