Virtual Notary - Realistically Through a blockchain
Notary function is one of the most interesting features that blockchain discovers. The electronic notary Stampery allows you to record data in a distributed protocol. Such a record proves that the transaction was concluded at a certain time between specific counterparties.
Blocking changes the way in which property is registered in registries. Last year, BitFury, one of the largest players in the blockchain market, launched a project to register land rights in Georgia. According to the head of BitFury Valery Vavilov, blockchain allows to ensure the security of data so that they will not be lost or spoiled. With its help in the audit process, you can achieve the effect of real-time verification and check the registry more than once a year, and every 10 minutes. Plus blockchain reduces the likelihood of disagreement and reduces the cost of the process of registration of property rights, because in the near future these operations can be performed using a smartphone.
The Government of Sweden also reported that it is testing a system for registering and recording land rights based on the blockchain.
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