Sponsored by Gem
Notary: Blockchain Technology Could Reshape
Notarization Services and Reduce Inefficiency
65State of Bitcoin Q1 2015
Sources: The Economist, Proof of Existence, CoinDesk
• A study carried out for the European
Commission in 2007 found that house buyers
in countries with highly regulated notarial
systems paid much higher legal fees than
house buyers elsewhere (see chart).
• Blockchains can store and certify the existence
of documents without relying on a central
authority. Companies like CoinSpark and Proof
of Existence are providing the service.