DNS Mapping
As per the TradeTrust framework, BlockPeer utilizes the DID:DNS method to identify the issuer of transferrable documents like eBL (Electronic Bill of Lading), ePromissory Notes, and ePayment Undertakings. Since blockchain addresses are pseudonymous, businesses need to verify the issuer’s identity. The DID:DNS method ensures that the blockchain address is associated with a verifiable domain, confirming the legitimacy of the issuing business.
DNS mapping is a one-time setup, enabling businesses to issue any number of transferrable documents using the same DNS configuration.
Why DNS Mapping for Transferrable Documents?
Issuer Identification: The pseudonymous nature of blockchain addresses can make it difficult to determine the issuer of a document. By using the DID:DNS method, the business's DNS identity is associated with the documents issued, providing clarity on the document’s origin.
Trust and Verifiability: Verifiable transferrable documents issued through DNS mapping ensure that trade partners and financiers can confidently trust the authenticity of the document.
Effortless Setup: Once the DNS mapping is done, businesses can issue unlimited transferrable documents without additional configuration.
Steps for DNS Mapping for Transferrable Documents
1. Navigate to the DNS Configuration Section
Go to eTrade -> Transferrable Documents -> Config.
2. Prerequisites:
Ensure your MPC wallet is connected.
Confirm that the MPC wallet has sufficient native tokens available for gas fees when deploying the Title Registry Smart Contract. Please refer to the MPC Wallet Deposit.
3. Deploy the Title Registry Smart Contract
Select the blockchain where you want to register the transferrable document.
Click on Create Title Registry. This will deploy a Title Registry Smart Contract for your organization. The Title Registry is used to issue transferrable documents such as eBL, ePromissory Notes, and ePayment Undertakings.
4. DNS Configuration
Once the Title Registry Smart Contract is successfully created, a DNS configuration will be generated.
Add the generated DNS configuration as a TXT record in your organization’s official website’s DNS register. This should be added in a dedicated sub-domain (for example:
ePN.company.com).
5. Wait for DNS Propagation
After adding the DNS configuration to your sub-domain, allow some time for the DNS records to propagate. The duration depends on your DNS service provider, and it may vary (typically between a few minutes to 24 hours).
6. Verify DNS
Once the DNS record has propagated, return to BlockPeer and verify the sub-domain by entering it in the Verify DNS field. BlockPeer will validate the DNS configuration to ensure it is correctly mapped.
7. Save DNS Record
After successful verification, enter the sub-domain in the Save DNS Record field to complete the setup.
Once saved, this DNS mapping is now linked to your organization’s transferrable documents. Any eBL, ePromissory Note, or ePayment Undertaking issued through BlockPeer will carry your organization's verified DNS identity, enhancing trust and verifiability for trade partners and financiers.
Key Points:
One-Time Setup: DNS mapping only needs to be set up once. Afterward, you can issue any number of transferrable documents with this configuration.
Trust & Verifiability: Your business identity is verifiably linked to the documents issued, ensuring partners can trust the document's origin.
Efficient Trade Processing: Proper DNS mapping enables your documents to be recognized and verified in trade and finance transactions, enhancing speed and trust.
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