Silent Notary: overview and the way forward

In the 15 years since the launch of Bitcoin, blockchain technology has offered more than just transactional value. It’s a tool for handling data within environments where participants may not trust each other, safeguarded against malicious interference by multiple verification nodes. Blockchain ensures the security and immutability of data through its architecture and electronic signatures. This rapid evolution of decentralized technologies has led to the development of various sector-specific projects by 2023. Silent Notary stands out among these, being the first Web 3 notary service launched in 2017 on a DAG platform, marking a significant advancement in digital notary services.

Introducing Silent Notary

In an ever-evolving digital landscape, the traditional process of notarization is undergoing a revolutionary change with the advent of Silent Notary. This Web 3 notary service is redefining the way legal evidence is created and managed, offering a convenient and trustworthy solution right from your device.

A Legal Companion in Your Pocket: Silent Notary serves as a portable legal assistant making traditional physical notarization unnecessary. Tailored for various business needs, it offers instant access from any location. This service represents a major transition to a contemporary, digital approach in the notarization field.

Leveraging the Power of UBIX Blockchain: At its core, Silent Notary utilizes the integrated private UBIX.Network blockchain to process notarization transactions. This technology ensures that all entries and transactions are securely held on servers.

Innovative Technology for Immutable Records: Silent Notary modernizes the old practice of using a newspaper’s date as a timestamp for legal evidence. It replaces this with a network of independent nodes that verify published information. This method guarantees the immutability of records and provides a trusted timestamp, synchronized across the network. This approach not only ensures reliability but also enhances the integrity of the notarization process

User-Friendly and Versatile: Silent Notary is tailored to meet different requirements of its users, offering a unified account with multiple user interfaces for different business scenarios and industry-specific applications. All notarization activities are handled through the integrated, distributed registries of the UBIX.Network, based on DAG technology. Additionally, it provides users the option to create personalized registries, allowing for tailored transaction processing and storage, which enhances the service’s adaptability and customization.

Use cases of Silent Notary

Silent Notary is reshaping the landscape of legal documentation and verification in the digital era. Its applications extend across various facets of professional and personal life, ushering in a new era of streamlined processes and enhanced legal security.

For Business: Silent Notary is enhancing business operations by ensuring supply chain transparency, validating project completions, and recording negotiation details to prevent conflicts. It streamlines order confirmations and documents customer service interactions for improved dispute resolution. In property management, it provides clear property descriptions and damage documentation. For production and safety, it logs processes and sensor alerts, maintaining document integrity and change tracking.

For individuals: Silent Notary offers legal protection by providing evidence for legal cases, guarding against evidence tampering, and ensuring personal rights.

For industries: Additionally, it meets specific industry needs by managing powers of attorney, issuing verifiable educational credentials, combating fraudulent chargebacks, streamlining notarization of documents, and integrating communication logging in work groups.

How Silent Notary ensures user data is secure and tamper-proof

The UBIX DAG platform on which Silent Notary runs has a number of advantages that are very attractive for confidential systems. The network provides unprecedented resistance to hacking. It eliminates the possibility of successful DDoS attacks. In principle, there cannot be a single point of failure on a DAG platform. The risks from password leaks are also quite limited: compromising the private key of one of the participants will not be able to give anything to attackers. Such a node will simply get onto the ban list, which will give a signal to the rest of the network participants.

Silent Notary is already successfully used in a number of business cases, especially in the corporate sector where trust and confidentiality are essential. For instance, Silent Notary’s closed registers (private blockchains) offer the property of information security, in which only subjects who are invited (given the right to view and add data) can access the registries. Any participant can be added or removed from the registry whenever required. This solution is actively used in construction, translation, insurance, banking as well as other sectors of the real economy. Alternatively, open registers can be used for cases when information should be publicly viewable. For instance, the Silent Notary notarization protocol is used for issuing certificates of non-fungible reviews. In other words, certifying every review by issuing a proof certificate, which confirms the review was written by the author at a particular point in time,with ah QR code embedded to easily verify data on the blockchain explorer.

How corporate information systems based on Silent Notary combine a high level of reliability with necessary confidentiality?

The easiest option is to create a private network and regulate the composition of its participants. This eliminates accidental participants and guarantees confidentiality. But what if the network members have to be changed? Or does the project need a lot of networks for different tasks? As mentioned above, Silent Notary offers the possibility to create open and closed registers. Each closed register can have its own participants and rules, but they are all united by the main DAG-powered UBIX network.

So the puzzle of the “corporate blockchain” finally comes together completely. That is to say, we have preserved the powers given by blockchain technology with its decentralization, stability, immutability and other advantages. At the same time, confidentiality, security and flexible validation were ensured.

Conclusion

In conclusion, Silent Notary represents a significant advancement in digital notarization and legal documentation, utilizing blockchain technology for a secure and efficient approach. It meets a vital need in today’s digital world by providing reliable verification of digital records and processes. For businesses, it enhances transparency and efficiency, offering a strategic advantage. For individuals, it acts as a safeguard, ensuring legal credibility. As digital solutions become more prevalent, Silent Notary exemplifies the effective use of technology in addressing legal and trust requirements in the digital era.