What is Notary?
Notary tackles one of the largest and most common problems in business and life: Safely creating, signing and storing digital contracts. Contracts are an integral part of business and everyday life. The current labour intensive process of creating, signing, and storing contracts is an expensive way to create agreements between different parties. Current solutions require third party involvement, consequently contracting parties need to be in a certain place and time to come to a written agreement. Notary aims to tackle this using cutting edge blockchain technology to create an efficient method of creating, storing and signing contracts – anywhere and anytime.
Advanced users can take advantage of Smart Contracts which emulate the logic of contractual clauses. This means the contracts can be made self-executing and/or selfenforcing. All the while the blockchain framework allows the creation of high precision timestamps which are used to retrieve and prove the content and identity of contractors in case of a dispute. This means the application offers unparallelled safety. Notary will change the way we come to written agreements and create a new and more efficient way of creating, storing and signing digital documents. Our platform is intended to support widespread usage, for the general public as well as various businesses and governmental agencies.
We are fully aware that the process of entering into contracts is time consuming, expensive and often requires involvement of notary public or other third services, executed by a third party. The main goal of the proposed Notary platform is to offer a user-friendly experience by exploring the most advanced blockchain technologies. This allows us to bypass the need for such third parties, and at the same time offer a cheaper and faster alternative, which is also considerably safer. By allowing digital information to be distributed but not copied, the blockchain created the backbone of a new type of information technology. The Ethereum blockchain is an incorruptible digital ledger of transaction, which can be programmed to record not just financial transactions, but virtually anything. Our long-term goal is to be a part of this groundbreaking movement and become one of the leading companies in the field of practical and advanced exploration of the decentralized and distributed (blockchain and smart contracts) technologies.