Notara: Efficient Blockchain Asset Notarization Service

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.