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Trust
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Note: The trust is currently being drafted. You can help us by taking a short survey.
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Mission and Vision
Vault Trust’s mission is to preserve memories. Our vision is for individuals to have a single place to display and store the moments of their lives. This place should be accessible via the Internet and made public or private according to your desire. And most importantly, this “place” should endure during your lifetime and beyond.
To achieve this vision we discovered two barriers that need to be overcome. One, is that we need some kind of assurance that the place where we store our things will not go away. Two, is that when technology changes, as it continually does, there needs to be a mechanism to keep our files compatible with the Internet. Therefore, two primary objectives of the trust
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are called Continuity of Service, and Content Conversion. Content is defined as Web pages, photos, documents, blogs, audio or any similar files authored by you that could be stored online.
Objective #1 – Continuity of Service
To ensure continuity of service for the hosting of content.
As a consumer you can choose from any number of companies to host your personal Web pages, photos, documents, blogs, and audio. At some point in time companies hosting digital content may be sold, change their business model, fail to provide services, or go out of business. Time Vault Trust is being designed and funded to preserve continuity of service. In other words, if there is a break in the hosting provider’s intent or ability to host your content, then the trust has the authority and obligation to transfer the content to another hosting provider that can provide such services. As a consumer, since there is no expiration of the trust, your digital content is more likely to be hosted continually – not only during your lifetime, but for future generations.
Objective #2 – Content Conversion
To convert content as needed in order to be compatible with the evolution of the Internet.
We’ve all experienced the rapid pace by which one technology supersedes another. For example, storage of computer data has evolved from punch cards to tape, floppy disks to CDs, and thumb drives to flash cards. The Internet itself is a technology in its infancy. One hundred years from now there’s no telling what the Internet will look like, let alone what formats it will support for displaying content. Will our digital content of today still be supported by the Internet of the future? The intent of Time Vault Trust is to see that it does. The Trust will accumulate a reserve fund to be used, when necessary, to convert content into new formats as required to be displayed on the Internet. Moreover, if the Internet itself is one day superseded by another technology, then the reserve fund would be applied to that conversion as well.
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