A system (100) for managing data is provided. The system includes at least one processor (102) configured to convert a source dataset (302) to a root dataset (312) by obtaining a plurality of intermediary datasets (306, 308). The root dataset (312) is shorter compared to the source dataset (302) and the intermediary datasets (306, 308) are intermediate to the source dataset (302) and the root dataset (312). At least one of the intermediary datasets comprises reference bits, wherein the reference bits enable identification of one or more functions that should be used to obtain a dataset from which the intermediary dataset comprising the reference bits was obtained in the process of converting the source dataset (302) and the root dataset (312).