Registering a private deed: Dutch government and Blockchain compared.


You heard stories about lawsuits that crushed the opposition by presenting documents with wet ink that are supposed to be 10 years old. This stops now.

Experts can be hired to prove true date of a document. However, this is only a viable option when there is a lot at stake. Experts are extremely expensive: Would you spend thousands of dollars to prove the date of your $50,- magazine subscription agreement? Chances are you would just pay the scammer to get it over with.

The Dutch tax authorities offer to register and date private deeds. While this is a great gesture, it lacks any form of functionality and is very limited in the types of private deeds that are eligible.
To register a deed, you have to deliver the physical document to the only private deed registration office in the Netherlands. The deed can be delivered personally, by courier, or by registered mail. That’s right, mail as in post-office mailman type of mail. The Dutch government does not accept any digital private deeds!
They also emphasize that they exclusively register the overall information of the deed, but will not register the content of the deed itself.

Blockchain is the perfect technology to register private deeds. To complement what the Dutch government started, Registry Blocks offers complete blockchain solutions to register private deeds.
Storing entire documents with blockchain encrypted Peer 2 Peer tech, document signers can digitally and safely sign any document they upload. A secondary party can be invited to sign the deed which will lock the content of the file. It can exclusively be accessed by either one of the signers and can only be modified or removed with the explicit consent of both parties.

Obviously these files will be date stamped in the blockchain for eternity, unarming relentless document forgers for life.

 

Website : http://www.registryblocks.com/


0 Comments

Your email address will not be published. Required fields are marked *