Grand opening of Notary ICO will be 10.10.2017
In next few days they will release working beta version of product
https://www.notary-platform.com/
The basic goal is to connect two or more contractors/parties with a contract specially designed to their uses.
Let me give you an example of three primary segments that we focusing on:
We are determined to go into those segments and help people to protect themselves when buying a used car (rent an apartment, marry, etc.) and by potential negative After-Sales situations. But we also want to protect the seller of the car. So this service is mutually beneficial to both parties.
But in the end, the situations shown in the video are just an example of the main segments we are focusing and adjusting our services to.
Some more use cases with great potential are:
Arrangements within the family:
wills and/or family arrangements
the division of money and goods
the concern for parents and/or children
treaties on extradition and the distribution of assets during life
endowment contracts,
waiver agreements without the introduced succession
promises of gifts and gift contract in case of death
Architecture, engineering and construction (AEC) industry:
Blockchain can provide a trustworthy infrastructure for information management during all building life-cycle stages. In case of building information modelling (BIM) usage which assumes a centralized building information model, there is a role for blockchain to manage information on who did what and when and thus provide a basis for any legal arguments that might occur. On the construction site blockchain can improve the reliability and trustworthiness of construction logbooks, works performed and material quantities recorded. In the facility maintenance phase, blockchain’s main potential is the secure storage of sensor data which are sensitive to privacy.
Lease contracts:
These are contractual arrangements calling for the lessee (user) to pay the lessor (owner) for use of an asset. It simplifies the process of leasing rental property.
Certifications:
A formal procedure by which an accredited or authorized person or agency assesses and verifies (and attests in writing by issuing a certificate) the attributes, characteristics, quality, qualification, or status of individuals or organizations, goods or services, procedures or processes, or events or situations, in accordance with established requirements or standards. Under this category, we can confirm various kinds of certifications with NTRY contracts. From fitness (personal trainer) certification, scuba diving, and learning a new language, to finishing business courses — just to give you some examples. The goal of this kind of contract is to prevent forging certifications and give people credible sources of knowledge.
Warranties on products and services:
Usually a written guarantee of the integrity of a product and of the maker’s responsibility for the repair or replacement of defective parts or the contractor’s responsibility for the work/service done. Meaning, with the services done on your car, house, boat etc., everyone wants some warranty in case something goes wrong after the work is completed. The proposed NTRY contract is ideal just for that. With the signed contract, you have the security that you need if anything goes wrong after the contractor is gone.
Grants of easements:
An easement is a legal right to use another’s land for a specific limited purpose.
Letters of credit:
For the time being, a letter of credit is a letter from a bank guaranteeing that a buyer’s payment to a seller will be received on time and for the correct amount. Due to the nature of international dealings, the use of letters of credit has become a very important aspect of international trade, which can be further and more successfully facilitated with NTRY contracts (blockchain technology and/or smart contracts). One of successful solutions to this problem has been already presented by consortium R3.
Option contracts:
An option contract is an agreement between two parties to exchange the ownership of goods with a transaction of the underlying items (land, house, cars, phones …) at a preset price. This option is the first and the most basic use case. It could be used as a form of safety for buying land, buying (used) cars, apartments, houses, and so on. The uses of this use case alone are countless.
An exclusive product’s traceability of limited editions:
Examples of this are limited edition prints, issues of rare batches/series of wine etc. A well-known example are Casascius coins (see https://casascius.uberbills.com/).
Minutes of meetings (associations, companies, organizations …):
Minutes are the official written record of meetings of an organization or a group. They are not transcripts of these proceedings.
The minutes should contain mainly a record of what was done at the meeting, not what was said by the members. The organization may have its own rules regarding the content of the minutes.
Etc.
Which markets is the Notary Platform targeting?
There are a lot of markets in which Notary Platform application can speed up the process and guarantee more safety and transparency. The goal of the platform is to cover all of the markets, starting with the most complex (regarding the safety and integration) »Customer to customer« and move on to the wider and more regulated markets. Final integration will happen with »Government to business« market.
Customer to customer (C2C)
C2C, or customer to customer, or consumer to consumer, is a business model that facilitates the transaction of products or services between customers. It is the starting point of Notary Platform integration in the real life use cases. Examples of C2C services are literally unlimited.
Some of them are:
Contracts between two persons (selling/buying a car, renting an apartment, marriage contracts, …)
Last will and testament
Grants of easement
Certifications
Business to customer (B2C)
B2C, or business-to-consumer, is the type of commerce transaction in which businesses sell products or services to consumers. The main difference between C2C is, that the customer is engaging in a relationship with business instead of another customer. Examples of B2C services:
Warranties (warranty for services or product)
Certifications (successfully completed diving/climbing/IT course)
Services (Notary Platform can be an addition to the existing notary/bank/insurance services).
Business to business (B2B)
This term simply means business-to-business, which is a model that focuses on selling products and services to other companies. B2B is often contrasted against business-to-consumer (B2C). In B2B commerce it is often the case that the parties to the relationship have comparable negotiating power, and even when they don’t, each party typically involves professional staff and legal counsel in the negotiation of terms, whereas B2C is shaped to a far greater degree by economic implications of information asymmetry. We can clearly see the fit for Notary Platform in those B2B relationships.
Examples are:
Contracts between the companies
Loans (bank to company)
Services (notary services, insurance services)
Transaction validations
Services for operational reasons
Government to customer (G2C)
Government to consumer markets provide numerous opportunities for consumers, both private and commercial, to take advantage of the many government offerings available. G2C business involves everything from grants and loans to copies of property transactions and credit reports. Government contracts can be very lucrative and constitute a huge market for government to consumer businesses.
Examples of G2C services are:
Educational services (applications for scholarships, applications for student loans)
Judicial services (child adoption process, apply for organ transplant, apply for name change)
Citizen details (every change of personal details)
Government to business (G2B)
G2B is the relationship between institutions of public administration and enterprises. In this model the initiative comes from the government and businesses are the target group. It includes laws and regulations targeting businesses, official communications by government and regulatory agencies, tender processes etc. The relationship may refer the demand for information from the enterprises in any life situation or a transfer of an official document to the statutory body. The model is usually used to refer to the ICT solution that converts such communication to the electronic form or to describe a solution that simplifies the communication between public administration and enterprises (e.g. internet portal of the procurement authority or electronic solutions for purchasing).
Examples of G2B / B2G services are:
Government procurement
Electronic incorporation forms
Updating corporate information
Sending filled-out electronic forms (e.g. tax forms, social insurance forms)
Licenses (e.g. small industry services, trade services, industry services)
Want to know more about the Notary project?
Website: https://www.notary-platform.com/
Bitcointalk: https://bitcointalk.org/index.php?topic=2105783.new#new
Twitter: https://twitter.com/platformnotary
Facebook: https://www.facebook.com/NTRYplatform/