NotaryTRADE clients receive a new kind of cryptocurrency called NotaryTRADE Coin (NTC). NTC coins are notary-backed, a feature no other cryptocurrency offers. Transactions can be co-signed by an attorney or notary and thus receive legal validity. In other words, NotaryTRADE allows its clients to optionally carry out NTC transactions with the seal of a Notary. This gives NTC legally documented value, a first in the field of cryptocurrencies.
With NotaryTRADE, clients can protect digital assets, including files and NTC cryptocurrency accounts; arrange the assignment of their digital property to their successors; order files to be preserved or disclosed to specific persons or entities, as well as determine digital files to be published for the general public at a pre-defined date in the future. Furthermore, a user whose NTC key is lost or stolen can create a new private key by simply visiting their chosen Law or Notary office.
Unlike Bitcoin and Altcoins that include significant fees for mining on third-party servers, NotaryTRADE coins are not mined and therefore do not pay any fees to miners. Instead, NTC uses "Smart Notary Agreements". These are similar to Smart Contracts, but with the added security of execution control by a Law or Notary office. These agreements are designed to automatically generate revenue for clients from their own NotaryTRADE servers based on the number of NTC coins they hold.
NTC coin holders can also use NotaryTRADE’s Blockchain-powered email system to send notarised NTC coin transfers directly to any email address. Recipients receive an invitation to securely accept NTC coins which they may store or exchange into other crypto- or government-issued Fiat currencies.
Kolab Systems, in charge of implementing and maintaining the platform for NotaryTRADE, has a long tradition of keeping users' data safe. For NotaryTRADE, Kolab Systems is building on its entirely open source software stack, guaranteeing that every component, library and app can be audited by third parties to ensure there are no backdoors or malicious code.
"Although providing the platform for NTC is a new venture for us, what we are doing with regard to our Open Source technology is not”, says Georg Greve, CEO at Kolab Systems. “It is just a question of applying the know-how we have amassed over the years with our flagship product, Kolab”. Indeed, lawyers, journalists, entrepreneurs, large companies, public institutions and private citizens have entrusted their emails, files, and personal confidential information to Kolab Systems’ ultra-secure services since the company opened for business almost a decade ago.
Kolab Systems has chosen OpenPOWER servers on which to run the platform. As a member of the OpenPOWER Foundation, Kolab Systems can co-examine and audit the machines running NotaryTRADE to the same degree as the software can be audited by others. This again ensures that every hardware component complies with Kolab Systems' high standard for security and privacy. "Our experience of trialling Kolab on the OpenPower architecture has served us well," says Greve. "We are now in the privileged position to be able to set up and continuously improve upon the most reliable and trustworthy hardware platform for NotaryTRADE clients."
Kolab Systems also defends privacy legally: Based in Switzerland, Kolab Systems' clients, including NTC users, enjoy the protection that the very stringent Swiss privacy laws afford them.
The Pre-ICO for NotaryTRADE is now open and new clients can receive free NTC coins with up to 50% bonus for their server reservation. Visit NotaryTRADE.IO for more details.
The Notary & Client Consortium
The Notary Consortium is a Swiss association of Law and Notary offices that offer clients notarisation of peer-to-peer (P2P) cryptocurrency transactions on client-owned Blockchain servers with full AML compliance.
The Client Consortium is a Swiss association of NotaryTRADE Coin (NTC) clients that manages the creation of “Smart Notary Agreements” on the NotaryTRADE server Blockchain.
Software and Servers:
Kolab Systems AG
Kolab Systems, a Swiss company, provides the secure Kolab collaborative suite to large companies, Application Service Providers (ASPs), governments, SMEs and individuals. Kolab’s range of services includes email, calendars, files, tasks, notes, address books, and more. Kolab’s Enterprise professional services core team helps users get the most out of their IT solutions and handles even the most advanced deployment scenarios.
All of Kolab’s infrastructure and data is held in Switzerland, including its own Software as a Service / Cloud offering, Kolab Now.
Kolab Systems is the provider of NotarySERVER hardware and software.