What happens on the Blockchain, stays on the Blockchain. With this premise, the Blockchain-based notarization platform Signatura , previously known as Bit Court , wants to use Bitcoin’s underlying technology to provide an easy way to certify and validate legal documents with no requirement to trust on third parties . On Tuesday, the Buenos Aires-based company released the first public beta of a service that seeks to bring Bitcoin’s disruptive nature to the legal industry and beyond. The announcement comes after a private beta testing that included dozens of lawyers interested in using the notarization service. Signatura co-founder Franco Amati told Cointelegraph that the platform “allows multiple parties to jointly sign legally binding documents, and notarize them in such a way that no one can repudiate its date, content or signatures.” Amati envisions a wide range of applications including digitally signed contracts, certification of company workflows and digital work attribution among others. Also, targeting corporations and government entities, the company plans to release API libraries that will allow institutional users to integrate the platform with their existing softwares. Backed by the Bitcoin’s Blockchain At times, when many companies are neglecting the Bitcoin Blockchain open, permissionless features, Signatura has picked the crypto-currency distributed ledger for the very reasons others rejected it. Amati explains that the Bitcoin’s Blockchain unique features are key to providing a service that doesn’t require trust on third parties. The decision to use Bitcoin Blockchain, Amati says, provides “legal and conclusive proof of the document’s integrity, signatures and timestamps.” The platform creates a “multisig address” from the public keys of the document’s signers that is recorded on the Blockchain. The transaction is embedded with the document hash—previously signed by the participants— the date and other relevant data. “We need to assure our clients that their signatures can’t […]
