a 17
Annotation
SilentNotary is a blockchain service based on the technology of confirming the existence of events or documents. Under the events means any event that the user can fix - correspondence in the messenger, an event captured in a photo or video, an e-mail. SilentNotary turns the event into a legally significant fact excluding the possibility of falsification.
Content 1. Introduction.. ---------------------------------------------------------------------------------------------- 2 2. Our product. Examples of using. ----------------------------------------------------------------------- 3 2.1. Product Description. -------------------------------------------------------------------------------- 3 2.2. User interfaces. --------------------------------------------------------------------------------------- 4 2.2.1. Email. --------------------------------------------------------------------------------------------- 4 2.2.2. Web. ----------------------------------------------------------------------------------------------- 4 2.2.3. Chatbot.------------------------------------------------------------------------------------------- 5 2.3. Technical description of the product.. ----------------------------------------------------------- 6 2.4. General scheme of the service. -------------------------------------------------------------------- 6 3.Road map. --------------------------------------------------------------------------------------------------- 7 3.1. Creating an SPV.-------------------------------------------------------------------------------------- 8 3.2. Service development. ------------------------------------------------------------------------------- 9 3.3. Commissioning. -------------------------------------------------------------------------------------- 9 4. Possibilities of the holders of the tokens. ------------------------------------------------------------ 9 5. The ICO conducting. ------------------------------------------------------------------------------------- 12 5.1. Purpose of the ICO. --------------------------------------------------------------------------------- 12 5.2. The main parameters of the ICO.----------------------------------------------------------------13 5.3. The order of ICO. ------------------------------------------------------------------------------------ 13 5.4. Use of ICO funds. ------------------------------------------------------------------------------------ 14 5.4.1. Use of wallets with multi-signature and Escrow. --------------------------------------- 14 5.4.2. Checklist for Escrow. ------------------------------------------------------------------------- 15 6. The future. ------------------------------------------------------------------------------------------------- 15 7.Conclusion. ------------------------------------------------------------------------------------------------- 15
1 ICO | Whitepaper | www.SilentNotary.com
1. Introduction In a casual life of almost any person, there is a regular need to document the fact of an event. Moreover, this must be done taking into account the possible judicial protection, and therefore it is necessary to ensure the relevance, admissibility, reliability and verifiability of the evidence. Blokchain is great for this purpose and there are many examples of how to prove the existence of documents. Nevertheless, these technologies have not received proper distribution due to the lack of a user-friendly interface that is accessible to a wide range of users. Nevertheless such interface exists – these are messengers. They are already installed on almost all smartphones. They are convenient and customary for the user. They allow in real time to record video, send files and correspond with a lot of participants. It is obvious that the chatbot with the record of the protocol and the fixation of the evidence of the information received during the dialogue session will solve a significant part of the tasks of providing evidence of the events that have occurred. Of course, SilentNotary is not a notary, as a centralized institution in terms of existing legal systems. This is a decentralized system, which makes it possible to unambiguously establish the existence of an electronic document at a certain time. This is an analogue of the notarial protocol of the examination of the electronic document. The main task of the system is to provide proof of the existence of the document in court: attributable, admissible, reliable and verifiable.
2 ICO | Whitepaper | www.SilentNotary.com
Our product. Examples of using. 2.1. Product Description. SilentNotary provides proof of the existence and unchangeability of certain events. Due to the integration with the messenger you can record events in a variety of digital forms: photo, video, sound recording, chat, multichat. In addition, the mailbot will allow you to fix correspondence with any number of counterparties. The project starts with the use of a chatbot built on the FB messenger. The number of active messenger users in the 1st quarter of 2017 is 1.2 billion people. (https://techcrunch.com/2017/04/12/messenger/) Theoretically, 100% of the audience of the instant messenger are interested in the service of assurance of events. Due to the novelty of the product, we consider our immediate goal to involve only 1/1000 users in the SilentNotary system. Thus, our goal is to regularly service at least 1.2 million people around the worldIn what cases can there be a need for SilentNotary and how can it be useful? Let’s consider several examples of legal relationships in which evidence is required: Completed work, rendered services. At any stage of the work, it will now be easy to fix the result. Just start the messenger and send to the chatbot SilentNotary photo or video shooting the result of the work. You can share this link with the customer. Thus, the fact that the work has been done at this time will be proved. In case the work was not completed on time or defects were found, the customer can perform the same actions and fix the problem in the form of a certified photo or video. Witnessed data can be used for processing acts of acceptance of work performed, or claims to quality, or violation of deadlines. 1. Correspondence by e-mail. Critical letters need not only to be preserved, but also to be witnessed. Just add the address SilentNotary to the list of recievers. The system will not only ensure the entire contents of the message, but also information from the mail servers (RFC-header of the letter). This means that the members of the mailing list, the fact of dispatch, delivery and the letter route will be fixed. 2. Offers made in electronic form. Any company that sells anything using the Internet, makes its customers a public offer (offer). In this case, the text of the offer is simply published on the website. This text can be changed at any time. There are many cases when the content of the offer and the fact of its placement on the website must be proved. This may be necessary for both the buyer and the seller. To witness the document and its publication page, you can use the Silent Notary website. It will be enough to transfer the link to the publication page and order the confirmation of the page content. 3. Copywriters of site content. Almost in every site we see a symbol “©”. In fact, placing a copyright protection symbol is a senseless process, because the proof that it was this content that was on the site at a certain point in the past, is extremely difficult. If there is a real need to protect their rights to the content of the site and to resist plagiarism, then it is necessary to assure the content with the help of SilentNotary to do this, it will be enough to transfer a link to the SilentNotary website and order the service of page verification and site content. After that you can place a link to the certified content next to the copyright notice. 4. Priority in authorship. Text code, picture, story, music - any object of intellectual 3 ICO | Whitepaper | www.SilentNotary.com
property, if it can be submitted in electronic form, is subject to legal protection. SilentNotary will not replace the patent attorney, but will allow to prove the primacy in a dispute. For assurance, you can use any convenient way: send a file by mail to the address of SilentNotary, assure on the site or share in the message with chatbot. 5. Arrangements. You can record any negotiations and decisions. Just conduct through the multichat of the chatbot the negotiations you need. According to the incoming team chatbot will form and verify the protocol of the conversation. 6. License AgreementHow many times did each of us agree with the terms of use of any software product? The text of the agreement is just a text on the page of the site, which can be replaced at any time. If the user violates the terms of the agreement, it was practically impossible to prove that it was exactly such a text at the moment. Send the SilentNotary link to the page with the agreement. SilentNotary will record the fact of publication at the specified address, the time of publication and the contents of all published documents. 7. White paper and other types of public statements. Frequently to refer to someone else's statements, we need to prove that this is the text that existed in the past, at the time of the commission of certain actions. For example, with the participation in ICO it is necessary to fix the contents of the WP and the fact of its publication at the time of the transaction. Send on the SilentNotary website a link to the posted document and verify the publication, the time of publication and the contents of the document. 8. Instructions for use. From the accuracy of writing instructions and from the fact of its placement on the site depends the financial well-being of the producer of the goods. You can witness the placement page on the SilentNotary website by submitting a hyperlink to the page. 9. The assembly of evidence from the scene. At some incident, for example, an accident, there is often an urgent need to fix the circumstances of the incident. Just launch the chatbot SilentNotary and give him photos and videos of relevant circumstances for the case. 10. Verbal arrangements. To prove in court the presence of verbal agreement is very difficult. Do not take any chances, - at the conclusion of the agreement, run the SilentNotary chatbot and record your conversation. The audio file will be witnessed and saved. 11. Using the SilentNotary service is not limited to the above cases only. Provision of the evidence is necessary in all situations where rights and responsibilities arise. We believe that our users will find many new applications of our service. Important! Warning! Use of the SilentNotary service must not conflict with the rules, rules and laws of your jurisdiction. In case of misuse of the service, the user is responsible for using it.
2.2. User interfaces. As noted in the previous section, the user interacts with the service using three interfaces– web, email and chatbot. This section describes the operation of these interfaces.
2.2.1. Email. The scheme of working with SilentNotary by email is as follows: the user sends an email directly to the address go@silentnotary.com or puts it in a copy. SilentNotary forms an archive, which includes the letter requisites, RC header, contents and attached documents. The hash of this 4 ICO | Whitepaper | www.SilentNotary.com
archive is calculated, after which the user will be asked to confirm the saving in the response message.
Scheme â„–1. Scheme of interaction by email with SilentNotary.
If the user confirms saving the document and paying for the service (receiving payments will be released in the main version), DApp SN writes the hash of data to the next blockchain Etherium block. The user receives a reference to the hash of the transaction. The archive is stored in the repository (in the demo version, google cloud storage is used, in the main version, the possibility of using decentralized systems will be considered). After the operation is completed, the user will be able to access the saving history in his / her personal account.
2.2.2. Web. The scheme of working with SilentNotary through the web is as follows: the registered user drags (drag & drop) the file to the corresponding area on the SilentNotary site or places a link to the web page that he wants to assure (there is no such functionality in the demo version).
Scheme â„–2. Scheme of interaction by web with SilentNotary.
When you save a file or page of a site, an archive is created with the contents of the file or page, the hash value is calculated, user confirmation is requested, the service is paid (not in the demo 5 ICO | Whitepaper | www.SilentNotary.com
version), the hash of this archive fits into the blockchain ETH block, and the archive is placed in the storage. The archive with the hash and the block number is available for downloading in the user's personal account. 2.2.3. Chatbot. The capabilities of the chatbox are determined by the functionality provided by the messenger. In addition, during the development of the messenger these opportunities may change. Our development plan involves working with several popular instant messengers. For implementation in the demo version, the FB messenger has been selected. At the launching time of the chatbot, the messenger did not support group chat with the chatbot. To solve this problem, we implemented a synthetic multitask with the participation of an unlimited number of users and an unlimited number of simultaneously running multi-chats. Each of the users communicates only with chatbot, chatbot collects two-way communication in the common multitask. The user can switch between simultaneous conversations.
Scheme â„–3 Scheme of work of SilentNotary chatbot service.
This scheme of interaction formation is quite universal, but in a commercial product, it may undergo some changes. In making these changes, we will be guided by the convenience and interests of the user. The service allows the conversation participants to assure the protocol in the blockchain and store it in the storage. Archives will be available to users in their personal account.
2.3. Technical description of the product. The scheme of the function of the assurance is quite simple. In accordance with various interaction with the user an archive is formed, including the date, details of the document and the document itself (it can be a file, a protocol of correspondence, etc.).
6 ICO | Whitepaper | www.SilentNotary.com
Scheme â„–4. Technical work scheme of the service.
Next the hash of this archive is calculated by the algorithm SHA-256 (https://en.wikipedia.org/wiki/SHA-2) and with the help of a smart contract is written into the Etherium blockchain. The archive itself is saved in the Storage. The user receives a Hash (the result of computing the hash function on the user's archive), TxHash (the hash of the transaction in the blockchain Etherium), and a link to the document in his personal account.
2.4. General scheme of the service One of the main tasks facing the team is to create a legal framework that allows users to provide services while ensuring the rights of tokens holders. In addition, we note that the service is at the junction of the classical and crypto economy.
Scheme â„–5. Legal scheme of the service.
7 ICO | Whitepaper | www.SilentNotary.com
SPV (specially created at the main stage of the project development) expands the offer to the user (Terms & Conditions), according to which the user transmits certified content to the SPV and pays the service in accordance with the published rate ($ USD). To provide services to its customers, SPV uses the main smart SilentNotary contract) under the terms of the License Agreement on the use of this contract as a software product made for the benefit of SilentNotary token holders. This license agreement requires the transfer to the contract of current and reliable data about the cost of services rendered to third parties for document certification. To execute the main contract, he needs to transfer a certain number of Silent Notary - SNTR or ETH tokens, which he will change from the owners of the token at the rate of 1M SNTR= 0.2ETH (with the tokens being forcibly withdrawn from the holders on a proportional basis). In this case, the number of tokens is determined by the contract based on the rate of provided service, published by SPV on the site www.silentnotary.com. As a result of the main contract, the SPV gets a link to TxHash and sends it to the user, while the information itself is stored in the Archive and is available to the user through the personal cabinet.
3. Road map. This section describes the sequence of steps that we intend to implement to create a service with the user-defined functionality described above (see Section 2). The work can be divided into 3 stages. The first stage is the creation of a legal structure that allows you to interact freely with users in most jurisdictions. The second stage is the development of the product itself - the SilentNotary service. The third stage involves testing the service and developing a marketing program for its promotion, and ends with the launch of the service in commercial operation, as well as the activation of the marketing campaign.
Scheme â„–6. Project development plan.
3.1. Creating an SPV. An important stage in the implementation of the SilentNotary service is the creation of a specialized company (SPV), which will provide services to authenticate electronic documents in order to provide evidence of their existence and immutability. SPV will accept payments for services, as well as provide legal support to the user of the service when using the results of the service in court. Legal support of users will be carried out by attracting in jurisdictions of legal companies significant for the service. The list of tasks of the first stage: â—? registration actions related to SPV (this includes the choice of jurisdiction, the choice of the form of the LE, the choice of the tax mode); â—? development of the code of the main smart contract of the system; 8 ICO | Whitepaper | www.SilentNotary.com
● development of an offer for users of the service; ● development of a license agreement. Legal study of the service model for the purpose of its correct operation in different jurisdictions. The duration of this stage will be 2-3 months. The funds for this stage are written off from a special wallet with a multi-signature.
3.2. Service development. The second stage of the work is more focused on solving technical problems, such as expanding the list of available service interfaces: ● Development of chat-bots for main messengers providing the necessary functionality for the service; ● further development of the site functionality is the work not only with individual files, but also with hyperlinks, preserving the entire structure of the site and its content; ● accepting payments from service users, implementing a flexible pricing system for services; ● further development of the mail service (for example, hashing files by links); ● API interface development; ● Improvement of usability of interfaces. The duration of this phase will be 4-6 months. The funds for this and the next stage are written off from the purse at the direction of a smart contract, which is activated by two team members and one of the two Escrow employees involved in the project.
3.3. Commissioning. The third stage of the work includes the procedure of the final testing of the service, the development of the marketing program, the hiring of companies engaged in the promotion of the service, the conclusion of contracts with key executors of the program. These actions will be carried out after the approval and publication of the public part of the marketing program. The duration of the stage is 2-3 months. The stage is completed by putting the service into commercial maintenance.
4. Possibilities of token holders. Anyone who wants to use the main service contract must transfer a certain number of tokens to the main contract. These tokens can be obtained in three ways: 1. Obtain during the ICO conducting by exchanging ETH for tokens in accordance with the rules of ICO at the exchange rate from 0.01 ETH to 0.2 ETH. 2. Exchange from existing owners in a free transaction. 3. Refer to the most basic contract, sending it ETH, which it will exchange from the owners of the token at the rate of 1M SNTR = 0.2 ETH. In this case, the tokens transferred are withdrawn proportionally from all owners, and the received ETH is charged to the owners of the tokens in proportion to the seized tokens. Every time when using the service, SPV refers to the main contract, transferring ETH to the exchange of tokens from holders. The number of ETH required for the exchange and subsequent 9 ICO | Whitepaper | www.SilentNotary.com
execution of the main contract is calculated as follows:
Scheme â„–7. The scheme for calculating the requirement for a smart contract in ETH.
The token holder can also access the main contract by passing tokens to the contract. The number of SNTs necessary for its execution:
Scheme â„–8. Scheme for calculating the need for a smart contract in SNT.
The contracts received by the main ETH are immediately sent to the contract of the token for the exchange of tokens from the owners. In this case, the token contract contains a guaranteed exchange mechanism according to the previously defined rule 1*106 SNTR=0.2ETH. To illustrate the possible options for exchanging SNTR tokens to ETH on the horizon of one year after putting the service into commercial operation, we will give a number of examples. As general assumptions for them is the assumption of a linear increase in the amount of use of the service from 1*105 in the first month to 12*105, and the fixed price of the certification is equal to 1$USD. Also assume that as a result of the ICO, the token holder received them at the exchange rate of 1*106 SNT = 0.02ETH (The initial exchange rate of 1*106 SNT = 0.01ETH see section 5.2. ICO parameters). In the above assumptions, we calculated the benefit received by the token holder as a result of the exchange of the smart contract of tokens at ETH (In order to estimate the remaining tokens, we used the exchange rate received by the holder on the ICO).
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Starting price ETH,$ Estimated price ETH after 12 months,$ Initial quantity, SNTR, obtained at the ICO Amount after 12 months, SNTR remaining after exchanges at ETH The benefit of the holder of the token expressed in%
Script of price increase ETH at $ 50 per month
Script of constant price ETH
400$ 950$
400$ 400$
Script of the price drop ETH at $ 10 per month. 400$ 290$
50*106
50*106
50*106
48.93*106
48.05*106
47.59*106
19.14%
35.1%
43.31%
Тable №1. Example of calculation of profitability.
Note that the calculation of the benefit for the holder is significantly dependent on the dynamics of USD / ETH, but the benefit of the exchange is expressed in ETH, and the gain increases with the fall of the ETH rate. Thus, this example shows that the SNTR token can serve as one of the methods of hedging a position in ETH. Important! Warning! The above calculation, its results and assumptions are not the obligation of the team to provide potential holders with a token of any profitability. The above calculation simply demonstrates the possibility of returning ETH when implementing tokens redemption in case the tokens are not spent by the holder for using the service. In this regard, we do not recommend that you treat the token as an investment.
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5. The ICO conducting Important! Warning! This section is devoted to the release and exchange of SNT tokens. If the laws of the country of which you are a resident require that you fulfill certain requirements to you, as a potential token holder, or to the process of releasing and exchanging tokens, we recommend you to consult with lawyers who have relevant practice in your jurisdiction and decide to exchange tokens based on their recommendations. Also, we note that due to the technical organization of release and exchange of tokens, we do not collect, store or use the personal data of potential holders of the tokens and, accordingly, we can not control what jurisdiction they are from and whether the legislation of this jurisdiction is violated. In connection with these circumstances, the responsibility for the exchange of tokens arising in your jurisdiction lies with you as the holder.
5.1. The ICO purpose. The task of ICO is to raise funds to develop a working version of the service and bring the service to commercial operation. Here is the planned budget for the implementation of the service.
Legal expenses Legal expenses (Development of licensing agreement, SPV statutes) Legal support of users in significant jurisdictions SPV registration costs Total Development expenses Marketing and promotion expenses Expenses for promotion The expenses of maintaining the service in a demonstration mode (storage rental, server rental, gas purchase) Total Operating expenses Expenses for SPV Staff expenses Bonuses to staff (for the previous stage) Total Conversion costs, commissions and other transaction costs,% General expenses
First stage (2-3m)
Second stages (6-8m)
280 000 40 000 320 000 70 000
200 000 200 000 325 000
20 000
170 000 50 000
20 000
210000
10 000 55 000 70 000 135 000
30 000 225 000 100 000 355 000
7% 583 150
7% 1 166 000
Table №2. Budget of expenses.
Thus, the total costs that are required to implement the full service functionality are about $ 1.75 million. They can be divided into two stages: ● stage of SPV registration (583 thousand dollars or about 32% of expenses); ● stage of Development and Promotion (1 166, thousand dollars or about 68% of expenses). This budget is calculated in US dollars. Based on the 1ETH = 300 $ course, the expenses for the stages will be about 2000 ETH and 4000 ETH accordingly. We conduct the ICO program, taking exclusively ETH. We understand that there are risks of overestimation of ETH. We accept them for the period of implementation of the first stage and access to fixed assets. When the second stage is reached, the fixed assets will be used and converted into USD (this should happen in 2-3 months). Thus, we consciously reject hedging these risks. We offer potential holders of the token to take these risks. Attention! Warning!
12 ICO | Whitepaper | www.SilentNotary.com
The structure of expenditures presented in this section has an estimated character and can be changed by the project team based on the situation prevailing at the time of the project implementation. This structure is based on the assumption of a slight fluctuation of the ETH course within 2-3 months. Potential holders of the token, deciding to exchange ETH for SNTR, accept this assumption.
Thus, we can formulate the overall ICO target: the ICO task is to collect 6000 ETH. In a case when a large amount is collected, it will be aimed at increasing the Marketing article, which will increase the speed of attracting new users and, accordingly, ensure a high rate of withdrawal of tokens from circulation. The minimum amount necessary for the implementation of the service functionality in minimum quality (the transfer of the service from the demonstration mode to the worker without increasing the number of interfaces and changing their quality) and the registration of SPV in "cheap" jurisdictions is 1000 ETH. This is the minimum amount of ICO.
5.2. Basic parameters of ICO. The main parameters of the program: ● The total number of tokens per ICO is 1 000 000 000 000 STNR(this amount is required for a flexible pricing policy of the service); ● Exchange rate of tokens on ETH: o Token basic exchange rate is 1×106 SNTR =0.01 ETH; o The current exchange rate is established during the ICO based on the initial exchange rate and the number of redeemed tokens (for more details, see paragraph 5.3. ICO); ● Maximum exchange rate of the token is 1×106 SNTR=0.2ETH (after reaching this course, the ICO will be stopped ); ● ICO temporary parameters: o The date of the ICO: 21.07.2017; o The duration of the ICO campaign is 14 days (the campaign can be completed ahead of schedule if the exchange rate reaches its maximum value or if all tokens are implemented). ● Additional provisions: o ICO will be declared invalid if less than 1000 ETH is collected (minimum amount for implementation with minimal functionality); o Not implemented tokens during the ICO will be distributed to the team.
5.3. ICO procedure. To determine the attractiveness of the project for potential holders of tokens, we propose the following estimation method. We will increase the exchange rate of the token in proportion to the number of sold tokens. Thus, We let investors determine the value of the token and, accordingly, the price of the project in an objective way. An approximate graph of the expected rate of exchange of the token under the assumption of a distributed uniform amount of applications may look like this:
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Scheme â„–9. Possible options for the growth of the exchange rate during the ICO, assuming the uniformity of the volume of applications. The steepness of the curve is determined by the average volume of requests.
In the graph above, several curves are presented, the most steep of them is the larger volume of the average application (in ETH), the less steep one is the smaller one. During the ICO procedure, you send the amounts to ETH to the address specified on the official website www.silentnotary.com 24 hours before the start of ICO, SNTR tokens are credited to your wallet in response. To estimate the number of tokens that you can get, you can follow the site's data, which will publish online courses and volumes of the last five satisfied applications. Important! Warning! These figures (the latest applications published on the site) can serve as a preliminary estimate. Because In the case of meeting a very large application that was received earlier than yours, the rate at which your application will be satisfied can significantly increase.
At the end of the ICO, the tokens unreported during the ICO will be distributed team.
5.4. Use of ICO funds. 5.4.1. Use of wallets with multi-signature and Escrow. ETH tokens will be accumulated on a purse under the control of Escrow (one of the two Escrows involved in the project) and the Team (Engineering and Marketing Account), until they reach the limit of 1000 ETH (the minimum amount of ICO). In case of an ICO failure, these funds are distributed among potential holders of the token using the crowdsale contract method. In a successful case the ICO 1000 ETH is transferred to the registration purse, it is a multi wallet under the team control. During the ICO ETH, they continue to accumulate on a purse under the control of Escrow and the Team until they reach the amount of 2000 ETH. A part of the funds raised above 32% will be automatically transferred to the Registration wallet. The first expense of funds will be the payout to the members of the bounty campaign. These funds, in the amount of 5% of the collected sum in ETH, will be distributed to campaign participants from the purse under the Escrow's and team's control. Escrow comes to a decision about payment based on calculations provided by the team and published on the website of the bounty campaign (https://sites.google.com/view/bounty-silentnotary). In case of lack of funds in this account, the missing part will be distributed from the Register's purse by the team.
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The further use of funds collected under the ICO program will be implemented in two stages. About a third is available to the team using a multi-signature wallet (2/2). These funds will be spent on registration activities, hiring lawyers, developing the main contract, paying out the results of the ICO, etc. The remaining funds collected as a result of the ICO will be available to the team only after the execution results of the first stage:
Scheme №10. Scheme of using ICO funds.
Escrow will need to sign to ensure that the project team gets access to the funds. In his decision, Escrow checks the execution by the project team of a number of conditions that are set out in the checklist. If none of the Escrows has signed the document within 4 months, the funds are directed to redemption of tokens from holders on a proportional basis at the redemption price.
5.4.2. Checklist for Escrow. The formulation of the requirements indicated in the checklist are in agreement with Escrow and will be published later in attachment №1 to this document but not later than 24 hours before ICO.
6.The future. We believe that there will be a whole system of services that will use the services of SilentNotary, in particular the P2B, B2B, P2P lending systems, real estate management, maintaining registers and queues, valuing physical assets. In particular, we are currently working on one of these projects with a system for the transfer of financial and legal documentation - the DebtBloсk project. As a basis for these services there will be used documents certified by SilentNotary. We are ready to cooperate with other teams and projects. If your project requires this technology of document certification, we will be pleased to develop a convenient interface for you.
7.Conclusion.
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The legal system forms the basis of our society. We have passed a long way and evolved from primitive tribes with the right of the strongest to the modern very complex system of norms that ensures the rights of every person. The legal system continues to evolve, but does not catch after technological progress. It is characterized by considerable inertia, which is natural, because any transformation of the legal system will lead to significant consequences for the whole society. It is obvious that the newly developed technology of data storage in a public blockchain perfectly fits for fixing facts. And the widest distribution of smartphones and instant messengers make this technology publicly available. The legal system is already beginning to accept the blockchain as a method of trusted data storage, and once the inertia is finally overcome, we will see a revolution in many areas of our life. This is a significant expansion of our capabilities. Changing business practices. Contracts in the messenger. Acts of acceptance of works in the smartphone. Acceleration of business processes. Fixation of any facts, resistance to distortion and falsification. A more stable and secure world. We are enthusiastic, close to fanaticism, developing SilentNotary. Join our team! Become a part of the coming changes!
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