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ICO Notary Platform


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ICO Description

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. The solution? A mobile application built on the blockchain framework. The application offers the use of templates for standard contracts for different real-life cases in an intuitive and user-friendly interface.

The Notary platform will be built in 3 stages. In the first, the application will be targeted at the general population where it will let individuals create, store and sign documents such as:

● sale or lease of property,

● marriage contracts,

● last will and testament,

● grants of easement,

● etc.

In the second stage the application will be targeted at businesses. Some practical examples where the application might be used are: ● contracts between companies,

● loans (bank to company)

● services (notary services, insurance services) ● transaction validations,

● etc.

3 In the third and final stage the application will be adapted for use in governmental agencies in matters such as:

● government procurement,

● electronic incorporation forms,

● updating corporate information,

● sending filled-out electronic forms (tax forms, social insurance forms),

● licenses (small industry services, trade services, industry services),

● etc.

The possibilities are endless. The higher stages will incorporate artificial intelligence methods. Artificial neural networks may help to prepare case-specific smart contracts. Moreover, they may play important role in decentralized autonomous organizations (DAOs) for different industries. 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.



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ICO Details

ICO «Notary Platform» ICO Start: 2017-10-10

ICO «Notary Platform» ICO End: 2017-11-10

ICO «Notary Platform» Symbol: NTRY

ICO «Notary Platform» Platform: Blockchain

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