Admittedly panic (and horror) set in when I read . . . but then saw the heading:
How Blockchain Technology Can Be Used For DIGITAL NOTARY Services
Waaayy misleading: "The ability to certify existence is at the foundation of notarizing." (Existence of Whom / What??)
Relying on readers to connect the dots that he's referring to a digital notary record is Risky.
Writer seems to use concepts of "need for transaction verification" and "storage" with traditional notarial process. I came to this conclusion after re-reading in context, especially where he says, "This notary public activity uses cryptography and a secured public key to manage, create, store and distribute the digital certificate." And concludes with, "Irrespective of the implementation and storage required, blockchain technology is optimized to handle ALL that is required when it comes to notary services." Bold statement. Really??
Phew. How can one conclude "depending on how transfer and general notarization of a document is handled, the blockchain could end up being a great alternative to take over these processes"? What ELECTRONIC (DIGITAL) notary knows what these "processes" entail?? I know, I know we're supposed to make it our business to Know - at least Here!
In short,
If the foundation is Faulty, how could the conclusion be otherwise? |
