The problem Trust Vault solves

A decentralized notary service on Filecoin can provide numerous benefits over traditional notarization methods. Firstly, traditional notarization may not provide adequate security and data integrity, as data can be vulnerable to tampering and loss. By using a decentralized network with cryptographic protections, a decentralized notary service on Filecoin can provide increased security and data integrity.In addition, traditional notarization services can be expensive and time-consuming, especially for individuals or small businesses. By using a decentralized notary service on Filecoin, users can save on costs and reduce the time it takes to get their documents notarized. Furthermore, traditional notarization services often require users to disclose personal information and documents to a third party, compromising their privacy and confidentiality. With a decentralized notary service on Filecoin, users can maintain greater privacy and confidentiality as their data is encrypted and stored on a decentralized network. Finally, traditional notarization services may not be accessible to individuals who live in remote or underserved areas. By using a decentralized notary service on Filecoin, anyone with internet access can access the service, increasing accessibility for all.
In conclusion, a decentralized notary service on Filecoin can provide significant benefits over traditional notarization methods. By offering increased security and data integrity, reduced costs and time for notarization, increased privacy and confidentiality, and improved accessibility, a decentralized notary service on Filecoin can provide a more secure, cost-effective, and accessible alternative to traditional notarization methods.

Challenges we ran into

During the development of our decentralized notary service on Filecoin virtual machine, we encountered several challenges that required significant attention and effort to overcome. One of the primary challenges we faced was the deployment and implementation of smart contracts on the Filecoin virtual machine. This required a thorough understanding of the Filecoin ecosystem and a deep knowledge of smart contract development.

Additionally, the implementation of cryptographic techniques posed another significant challenge. We encountered some difficulties in implementing cryptographic protocols due to the complex and technical nature of the task. However, we worked diligently to research and experiment with various techniques until we were able to successfully implement the required cryptographic protocols.

Furthermore, we faced some challenges while implementing Pinata due to our limited experience with IPFS. Despite our efforts to integrate Pinata, we ultimately decided to switch to Web3.storage for file storage on Filecoin. This alternative solution proved to be more suitable for our project and worked flawlessly.

Overall, the challenges we faced during the development of our decentralized notary service required a high level of expertise and dedication to overcome. Through diligent research, experimentation, and collaboration with the developer community, we were able to successfully implement our solution on Filecoin virtual machine.