Notarization in Blockchain (Part 1)

Overview

Notarization and Blockchain: an Introduction

“Notarization is the official fraud-deterrent process that assures the parties of a transaction that a document is authentic, and can be trusted. It is a three-part process, performed by a Notary Public, that includes of vetting, certifying and record-keeping.”

Type 1: Proof of Existence

Hashing algorithm can detect even a small change of a document.
source: http://stampd.io/wp-content/uploads/2015/02/stampd_PDF_Receipt_Sample.pdf
source: http://stampd.io/wp-content/uploads/2015/02/stampd_PDF_Receipt_Sample.pdf
Using transaction ID, the record can be found in the Bitcoin blockchain explorer

Summary

--

--

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store