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The Luxembourg Government IT Centre has implemented a Notary system based on blockchain in view to demonstrate the benefits of this new technology. The system allows registering any kind of document, ensuring its integrity over time, and providing a time stamp for the registration. It is therefore an ideal solution for the notarisation of important documents such as audit logs.
This first European Notary system based on blockchain optimizes security and collaboration of notarization processes while reducing costs. There are also other potential applications for this system in other use-cases where the guarantee of immutability of records is required. The concept and technology have already been presented, in Luxembourg, to the EU Commission, the European Court of...
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