ZirconTech launches blockchain based Notarizer

In the context of the Blockchain world ZirconTech has identified that in recent years it has been necessary to resolve certain common requirements as part of its global customers’ demands. As a response to the market ZirconTech is announcing the launch of its Notarizer seeking to use Blockchain technology as irrefutable proof of the existence of complex data types, such as documents, or in general any type of file.

New York, Montevideo, November 1st 2021.

Notarization plays an integral role in any legal transaction and negotiations. Notarized documents are an indication that the parties involved are genuine and can be trusted. In other words, the notary public provides a security level that prevents us from becoming victims of fraud.

With the emergence of technology in the business landscape, blockchain entered the picture to automate notarizations. The blockchain serves as storage for notarized records and documents. In this way, any unauthorized user will not be able to edit nor delete portions of the document.

Notarization blockchain technology ensures the integrity of data as soon as it enters the chain. It provides functionalities, including tampering-resistance, non-repudiation, and traceability.

In particular, a network like Ethereum’s is not suitable for handling large volumes of data or storing files, therefore a feasible solution is to calculate a hash that represents this file in a plain text format. that it can be stored as part of a block. Then, it will be the job of a centralized system to make sure to maintain the consistency that this hash saved in the blockchain corresponds to with its original file.

One of the main objectives, therefore, has been the implementation of a software product that provides the necessary functionalities to solve this problem, as well as other additional functionalities, in such a way that it is adaptable to multiple use cases.

What are the Benefits of Notarization with Blockchain?

ZirconTech Notarizer is a blockchain based product and brings a private, remote notary channel to address all your notary needs. This channel allows organizations to acquire notaries without having to step out of their homes or offices. Thus, ZirconTech Notarizer leverages notarization with blockchain to provide notary solutions to organizations across different industries. Notarization blockchain technology testifies to the documentation of proof of ownership to protect owners of their rights. Notarization via blockchain can also establish agreements across multiple parties. These documents can only be accessed and signed on the blockchain.

A first case study is Global Share, a company dedicated to the continuous improvement of business processes, providing innovative solutions to companies to add up value and competitive advantage by improving their processes productivity. As a major milestone in Global Share/edoxOnline history, the company launched a service for the preparation, issuance, signing, transmission, negotiation and presentation of the electronic Bill of Lading (e-BL). Zircon Tech has been a key partner implementing blockchain technology in the solution architecture.

Zircon Tech helped Global Share in the implementation of the solution that tracks the changes in the documentation over time and ensures tamper proof and no possibility of modifying the information of the same. Zircon Tech proposed to identify the documents through hashes (SHA256) and then leave the same “notarized” in the Ethereum blockchain using a document ID and the mentioned hash. Each change in the document is registered using the corresponding ID and hash update. For this project a smart contract was developed using Solidity and an API using Node JS.

Global Share’s edoxOnline electronic Bill of Lading (e-BL) meets its customers’ expectations and business needs, going paperless and efficient. Particularly, in the midst of the complications that the coronavirus has presented for the trade of products linked to agriculture, these Argentine’s developments facilitated the electronic transmission of documents through the digitization of processes representing a great advantage, and has been used by firms like Cargill, Bunge and Dreyfus. In COVID-19 times, this application helped a lot to avoid obstacles to the agricultural trade.

A second case is Prova Technology , a US technology company working with universities in the process of certification of diplomas. Prova Technology has partnered with ZirconTech to implement the notarization services to start engaging with United States universities to issue diploma certifications for the graduated students.

ZirconTech has developed a Notarizer version based on Hedera Hashgraph (https://hedera.com/), a proof-of-stake public network, powered by hashgraph consensus.

More information:

ZirconTech Blockchain Professional Services www.zircon.tech

Benefits of Notarization with Blockchain https://zircon.tech/blog/benefits-of-notarization-with-blockchain/

Zircon Tech helps Global Share to launch Electronic Bill of Ladings using blockchain technology https://zircon.tech/blog/zircon-tech-helps-global-share-to-launch-electronic-bill-of-ladings-using-blockchain-technology/

Global Share’s EdoxOnline leverages its blockchain based Bill of Lading for grain exports from Argentina to China https://zircon.tech/blog/an-ethereum-bill-of-landing-for-grain-exports-and-supply-chain/

ZirconTech media contact:

Martin Liguori
Chief Operating Officer
mliguori@zircon.tech

1325 Avenue of the Americas
New York City 10019, USA
Phone: +1 347 571 9089
https://www.zircon.tech

Montevideo Office
8 de Octubre 2956
Montevideo, Uruguay
Phone: +598 99921158

About ZirconTech

ZirconTech is a trusted partner helping organizations to thrive in their digital transformations. Mobility, IoT, AI, big data, cloud computing & blockchain technologies. We have a highly-skilled group of developers able to work in the most challenging projects. On top of that, our seasoned executive team has more than 15 years of experience directing high complexity projects and coordinating multicultural teams working across borders. We truly believe that remote work can improve efficiency and time to market so we are prepared for managing big nearshoring/offshoring projects in the most advanced markets.

This release was published on openPR.