Notary - Proof of Existence on Blockchain

One of the most powerful applications of blockchain technology is its ability to function as a decentralized notary system. In this context, blockchain records transactions and, as a natural byproduct, stores other critical data, creating a permanent and verifiable record. This system not only allows for the secure transfer of assets or value but also ensures the integrity and immutability of data, which can be invaluable for a variety of use cases, including legal documentation and contract enforcement.