Notara: Efficient Blockchain Asset Notarization Service

Traditional asset notarization methods are inefficient, expensive, vulnerable to fraud, and rely on the trust of a third party, such as a notary. In contrast, blockchain-based smart contracts enable the creation of decentralized notarization services, ensuring transparency and security without intermediaries. However, existing blockchain-based solutions often lack the flexibility for specific deployment for individual entities our groups. This work presents a demonstration for a unique customer-deployable notarization service, based on blockchain smart contracts. Our solution is designed to be a cost-efficient notarization service that can be quickly integrated into decentralized applications requiring notarization functionalities.

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Publication Details

Published
2024-10-09
DOI
https://doi.org/10.1109/brains63024.2024.10732631
Citations
3
Primary Topic
Blockchain Technology Applications and Security
Type
article
Field-Weighted Citation Impact
2.34
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article

Notara: Efficient Blockchain Asset Notarization Service

Álvaro García-Pérez, Rouwaida Abdallah, Guillermo Toyos-Marfurt
3 citations
Blockchain Technology Applications and Security
2.34
article

Notara: Efficient Blockchain Asset Notarization Service

Álvaro García-Pérez, Rouwaida Abdallah, Guillermo Toyos-Marfurt
article en
3 citations

Abstract

Traditional asset notarization methods are inefficient, expensive, vulnerable to fraud, and rely on the trust of a third party, such as a notary. In contrast, blockchain-based smart contracts enable the creation of decentralized notarization services, ensuring transparency and security without intermediaries. However, existing blockchain-based solutions often lack the flexibility for specific deployment for individual entities our groups. This work presents a demonstration for a unique customer-deployable notarization service, based on blockchain smart contracts. Our solution is designed to be a cost-efficient notarization service that can be quickly integrated into decentralized applications requiring notarization functionalities.

Commissariat à l'Énergie Atomique et aux Énergies Alternatives (FR), Laboratoire d'Intégration des Systèmes et des Technologies (FR)
Decent work and economic growth
Openalex Percentile: Top 9%
Blockchain Technology Applications and Security
2.34
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