Startup Idea – Blockchain based notary system, thoughts?

[User_0590f843]

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User_0590f843
PARTICIPANT
February 16, 2025 at 5:33 pm

Hello guys, I wanted to get my startup idea reviewed and wanted to know if its practical to introduce blockchain based online notary system? I consulted a friend who is a lawyer but he didnt explain much and said that everyone needs to be at one place to sign it or its illegal. I wanted to have more detail about this so posting it here. Please let me know your thoughts, thanks in advance!

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[Rapidbear8085]

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Rapidbear8085
PARTICIPANT
February 16, 2025 at 5:48 pm

ADVOCATE HERE. Online notary would naturally be a great convenience but is indeed difficult to be executed, i.e., presence of parties. I’ll take the liberty to extend it even more: Online attestation by gazetted officers, again a domain where there is 0 development. Consider these and try to work around them.

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[User_0590f843]

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User_0590f843
OP
February 17, 2025 at 2:49 pm

Thank you!

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[Luckywolf1489]

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Luckywolf1489
PARTICIPANT
February 16, 2025 at 6:21 pm

stop thinking about startup for govt process in India.

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[Epicstar8957]

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Epicstar8957
PARTICIPANT
February 17, 2025 at 5:45 am

It’s already been used in many countries, including India. The link below gives an overview of places it has been used. While many solutions already exist, and has been around for nearly a decade now, there have been some minor improvements in India. IMO, progess is still too slow. 

(https://omaringa.com.br/en/column/diversities/4-examples-of-blockchain-integration-in-the-public-sector/)

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[User_0590f843]

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User_0590f843
OP
February 17, 2025 at 2:49 pm

thank you!

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