Notary Platform App Integrations
What will the Notary Platform app, ready for download, look like? To provide you a better feeling for this we decided to devote this blog post about the application which will connect the blockchain technology with the notary services (and vice versa).
The integration of different digital sources will be offered for users to use. The sources could be used separately or in combination. These include:
- templates or written and then scanned forms
- proof of existence (e.g. facial recognition, a retina scan)
- (the possibility to upload a digital file or just the hash of a digital file in case of confidential data).
The picture above, shows a rough process of how engaging in contracts on a go will work.
Our main focus is on two different and equaly important things. Design and functionality. The design of the Notary App is intended to be clean and minimalistic and with only necessary features included, so everyone can use it intuitively and understand it from the beginning on.
The basic features/functions included in the first official release, are:
First feature that the user will come across in the Notary Platform app is the possibility for using the templates of various contracts. There will be specifically designed templates of contract awailable for different geographical regions (different laws,…), that you just add your personal information, and that is it.
Second option under “Contracts” will be the option which enables you to upload your own contract. Later on we will make it possible for customer to request an individual contract tailored to his needs.
Example: You want to buy a car or rent an apartment? You just use the designed template meant for buying a car and fill out the fields with required data.
Each contract will have an option to add some form of safety which will serve as an additional proof in front of the court of law.
For now, we are looking to implement audio, photo and video recordings (+proof of existence — fingerprint, retina scan and facial recognition) to contracts and run them through blockchain technology together, under one hash.
Example: Before you sign a contract you have an option (for the safety of both parties involved) to take a video of the state of the car you are buying. The video will be added to the contract.
Signed contracts will be stored by the parties involved (their email), in the cloud and/or by Notary Platform (later on).
NTRY token will be used as a method of payment for the services inside Notary Platform. Of course we will also accept other currencies as $,€ and £. Our goal is to cover wide range of people (all generations and all life scenarios).
Please note, that this app is intended for the stage 1 of Notary Platform Project. Later on, many of features (smart contract, AI tech., combination of both, etc. ) will be unlocked/added.
Beta version of Notary Platform App (for testing purposes) will be available at the end of September.
NTRY Crowdsale compliance
Introducing the Crowdsale Compliance Checklist and looking into the future
As token crowdsales are becoming more and more popularity and attract a larger audience, the regulators to are becoming more interested in such transactions.
We at the Notary Platform realise that regulating this space is necessary to protect the interests of all the parties involved and are well aware that assuring legal compliance is one of the keys for a long-term success of our project. This is why we sought help of legal advisors from Lex Lucas Consulting to help us navigate the muddy waters of regulatory requirements and set up appropriate legal infrastructure to support our endeavours, while at the same time protecting the interests of those we care about the most — you, our future users and participants in the NTRY Crowdsale.
With the Crowdsale Launch rapidly approaching we asked them to perform a legal compliance audit of the project. With their permission, we are sharing the Crowdsale Compliance Checklist (https://www.notary-platform.com/whitepaper/LegalCompliance.pdf), which is part of a larger and more comprehensive report.
In short, we took the necessary steps to implement the solutions they proposed and established a legal entity to carry out the project, engaged providers of automated customer onboarding and screening solutions, to allow for seamless compliance with AML regulations, obtained a legal opinion on the legal nature of the NTRY tokens, and published the necessary legal documents, such as the Terms of Sale (https://www.notary-platform.com/whitepaper/TermsAndConditions.pdf), which we strongly recommend you review before you participate in the Crowdsale.
We are aware that some of the proposed services and use cases listed in our Whitepaper inevitably face regulatory challenges, related to their implementation. We are thinking long-term and will do our best to overcome this challenges in the later stages of the project. According to the legal assessments, the majority of the services proposed, especially the “first stage” services do not raise any prima-facie compliance issues, and we will be able to commence with their development and implementation immediately, following the successful Crowdsale.
We also realise that the name of our platform — Notary Platform, may be difficult to register as a trademark, as it associates to a highly regulated field of services, provided by the notary public in various jurisdictions. We are already working on resolving this issue as well.
In summation, we are well prepared for this Crowdsale and confident that we can and will, with your help, make it a success. Either way, this is only the first step on our journey towards delivering a great product, which will significantly impact the way we do business, enter into agreements, and interact with bodies of public administration.
Start: 10.10.2017 — End: 10.11.2017
Soft cap is $100k — Hard cap is $13.2mio
MINIMUM AMOUNT FOR PURCHASE IS 0.75 ETH
Price per notary token: $0.11; 1ETH = 2730 NTRY
The registration process mandates a KYC check, so we would like to ask you to provide the required details in the form: https://goo.gl/forms/Icgi0BycA0CBv4xT2