A Disruptive Blockchain Framework for Notary: Smart Contract and Digital Record Keeping
Abstract
In our digitally advanced age, research continually propels innovation across diverse tech sectors, including data analysis, AI, and blockchain. A notable focus has emerged on transforming conventional notary services using blockchain technology. Despite technological strides, certain basic tasks remain inconvenient, often requiring physical presence. For instance, tasks like granting access to a car necessitate a third-party notary, leading to delays. The concept of digitizing notary services through blockchain offers a solution. By leveraging blockchain's secure and transparent framework, parties could potentially engage in agreements without traditional notaries. This shift simplifies agreement processes while enhancing efficiency and security through blockchain's immutable nature. In essence, the paper explores the potential of using blockchain to reshape notary services for the digital era. This adaptation could redefine small contracts, eliminating the need for physical notaries and introducing a more efficient and secure validation system.
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