When buying a house, renting a car, or conducting any other social transaction, people usually sign traditional contracts. However, traditional contracts are often vulnerable to fraud or human error – for example if someone forges a signature or makes a mistake in the contract terms. Smart contracts can help to reduce these risks by automating the contract process and making it tamper-proof. Traditional contracts can also be difficult to enforce. If one party doesn’t hold up their end of the bargain, it can be expensive and time-consuming to take legal action to enforce the contract. Smart contracts, on the other hand, can automatically enforce the terms of the agreement – meaning there’s no need for costly litigation. And our client behind Notary Platform wanted to solve this problem via a smart contract-based social contract platform where people can just sign a contract for renting a car, house, etc., and put it on the blockchain.
Our solution: They build the MVP with us and launched an ICO. We build the entire platform using the smart contract Ethereum blockchain and their mobile app. The app was highly User friendly where you can do your social contracts (marriage, house, car).
Notary Platform
February 6, 2024
Blockchain Services
Results: They successfully completed their pre-seed round.
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