Latest posts of: NTRY

Engaging in contracts on a go, without third party!

   Real economically viable applications (web and apps) with huge potential already at the early stages,
   Platform developed on the Ethereum Classic network which follows “code is law”,
   Achievable milestones.

The Notary platform offers first real-life applications for everyday use. It enables the creation of a timestamp of any digital document, and then retrieves and proves the content of these digital documents. This means engaging in contracts on a go, without a third party. While this isn’t new, the platform offers an intuitive and user-friendly interfaces. Moreover, it offers the use of templates for standard contracts for different real-life use cases. More advanced users may take advantage of the use of smart contracts, which emulate the logic of contractual clauses. Consequently, contractual clauses are made partially self-executing and/or self-enforcing. The most advanced use includes artificial intelligence (AI) support, which automates the preparation of classical contracts and/or smart contracts for different use cases. The NTRY platform is intended for use by the general public, businesses, as well as governmental agencies.

How and Why

The cointract is synonymous with a traditional written contract, whereas the former is typed
and/or produced in digital form using an advanced cryptocurrency and/or blockchain
technology. Instead of the term ‘contract’, the term ‘cointract’ will therefore be used
throughout the paper where applicable.

The basic intent of the NTRY cointract is (1) to create a timestamp which will prove the time
of origin of the digital document, and (2) to prove the content of the digital document. Both
options are already included and available in most cryptos but there is a huge lack of userfriendly
interfaces and use cases.

In order to prevent hash collisions, smart algorithms using other stable and low-value digital
currencies (i.e. Deutsche eMark, Riecoin) will be used.

Simple forms of NTRY cointracts will be further upgraded in the form of smart contracts using
the Ethereum network. Large banks (which represent the backbone of the existing financial
system and are in control of governments), however, already deal with the Ethereum
organization (check this paper). Thus, while the future shifts from public to private (see e.g.
public vs private; the shift from public to private), the smart NTRY cointracts will be
implemented on the Ethereum Classic blockchain (https://ethereumclassic.github.io/). Namely,
Ethereum Classic is a decentralized platform that runs smart contracts - applications that run
exactly as programmed without any possibility of downtime, censorship, fraud or third party
interference. It is a continuation of the original Ethereum blockchain - the classic version
preserving untampered history; free from external interference and subjective tampering of
transactions. As such, it directly correlates with the basic idea of the NTRY cointract, which
fully relies on the untampered history as well as the decentralized network not controlled by
public enterprises.

Notary Platform

The Notary (NTRY) Platform Integrations

The integration of different digital sources will be offered for users to use. The sources could
be used separately or in combination. These include:

• templates or written and then scanned forms
• sound
• picture
• video
• proof of existence (e.g. facial recognition, a retina scan)
• (the possibility to upload a digital file or just the hash of a digital file in case of
confidential data)

User Interface

Possible Use Cases

There is almost an unlimited number of use cases of NTRY cointracts. The basic goal is to connect two or more contractors/parties with a contract specially designed to their uses.

Notary (NTRY) cointracts can be used for:

•   Option contracts:
An option contract is an agreement between two parties to exchange the ownership of goods with a transaction of the underlying items (land, house, cars, phones …) at a preset price. This option is the first and the most basic use case. It could be used as a form of safety for buying land, buying (used) cars, apartments, houses, and so on. The uses of this use case alone are countless.

•   Lease contracts:
These are contractual arrangements calling for the lessee (user) to pay the lessor (owner) for use of an asset. It simplifies the process of leasing rental property.

•   Letters of credit:
For the time being, a letter of credit is a letter from a bank guaranteeing that a buyer's payment to a seller will be received on time and for the correct amount. Due to the nature of international dealings, the use of letters of credit has become a very important aspect of international trade, which can be further and more successfully facilitated with NTRY cointracts (blockchain technology and/or smart contracts).

•   Grants of easements:
An easement is a legal right to use another's land for a specific limited purpose.

•   Warranties on products and services:
Usually a written guarantee of the integrity of a product and of the maker's responsibility for the repair or replacement of defective parts or the contractor’s responsibility for the work/service done. Meaning, with the services done on your car, house, boat etc., everyone wants some warranty in case something goes wrong after the work is completed. The proposed NTRY cointract is ideal just for that. With the signed cointract, you have the security that you need if anything goes wrong after the contractor is gone.

•   Marriage contracts:
A contract between the prospective husband and wife, or during the marriage, which settles in whole or in part, their respective rights and obligations as regards the marriage. With the NTRY cointract it doesn't have to be a negative experience like before when an army of lawyers watched over everything. Now you can easily sign it in the company of your loved one (maybe add a photo or a video) and be in the safety of your special place at the same time.

•   Arrangements within the family:
•   wills and/or family arrangements
•   the division of money and goods
•   the concern for parents and/or children
•   treaties on extradition and the distribution of assets during life
•   endowment contracts,
•   waiver agreements without the introduced succession
•   promises of gifts and gift contract in case of death

•   Statements:
The statement of financial position is another name for the balance sheet.

•   Certifications:
A formal procedure by which an accredited or authorized person or agency assesses and verifies (and attests in writing by issuing a certificate) the attributes, characteristics, quality, qualification, or status of individuals or organizations, goods or services, procedures or processes, or events or situations, in accordance with established requirements or standards.
Under this category, we can confirm various kinds of certifications with NTRY cointracts. From fitness (personal trainer) certification, scuba diving, and learning a new language, to finishing business courses – just to give you some examples. The goal of this kind of contract is to prevent forging certifications and give people credible sources of knowledge.

•   Minutes of meetings (associations, companies, organizations ...):
Minutes are the official written record of meetings of an organization or a group. They are not transcripts of these proceedings. The minutes should contain mainly a record of what was done at the meeting, not what was said by the members. The organization may have its own rules regarding the content of the minutes.

•   An exclusive product’s traceability of limited editions:
Examples of this are limited edition prints, issues of rare batches/series of wine etc. A well-known example are Casascius coins (see https://casascius.uberbills.com/).

•   Betting:
Betting within a circle of friends – just for the sake of preventing false accusations and arguing.

•   Etc.

An Example of Use at Stage One

The Advantages of the Notary Platform
• There is no need for a third party, therefore the whole process is less expensive, less
time consuming, and safer.
• For additional security, both parties can add a video, photo, or voice recording to the
cointract.
• In digital space, all digitized content is treated as an immutable transaction.

Notary Platform Market Integrations

Notary Platform Milestones

Pre-ICO STARTED and will end 24.6.2017

https://medium.com/notary-platform/notary-platform-pre-ico-myetherwallet-step-by-step-instructions-5f7ff1cafa8a

Pre-ICO / ICO Crowdfunding:

To prove that we have a real potential at our hands and a fully working idea/product, we
decided to do a presale of Notary (NTRY) tokens and demonstrate the work of concept first
and partially finish the stage one, then do the ICO. The funds raised in pre-ICO will be used for
financing the primary goals of stage one of the Notary (NTRY) Platform. Besides of those
goals, the funds will be also used for expanding our team (at least three more developers, two
lawyers specialized in international law), aggressive marketing for the developed apps in
combination with marketing for ICO.

We will offer 2,333% of the tokens for pre-ICO, but with 100% bonus. That means 4.666% of the
total amount of tokens will be offered to pre-ICO, while 0.334% will be reserved for bounties.

3.500.000 NTRY (Pre-ICO)+ 3.500.000 NTRY (Pre-ICO Bonus) + 500.000 NTRY (Bounties) = 7.500.000 NTRY

ICO General

The NTRY token is a token that resides on the Ethereum platform. With the Initial Coin
Offering campaign, we would like to offer the people of interest to be a part of our journey from
the launch of our first product on. The ICO will start on 21/9/2017 (± 14days) and will last 35
days. This gives investors 5 weeks’ time to invest in NTRY tokens.

The maximum financing (cap) lies at 150.000.000 NTRY = 15.000 BTC to complete all of the
stages mentioned above. This quantity of the tokens is also definite.

The ICO fixed price of tokens: 1 NTRY = 10.000 SAT

No tokens will be mined or created after the ICO campaign. Any amount of Notary (NTRY)
tokens remaining at the end of the ICO will be burned.

The tokens will be transferable after a successful ICO campaign. If under any circumstances
the bare minimum (not defined at the time of writing) is not met the funds will be returned to
the investors.

The Notary (NTRY) Token Distribution

The tokens will be distributed according to the percentages of collected funds. If the cap is met,
the distribution will look like this:

Total: 150.000.000 NTRY (100%)
ICO participants: 120.000.000 NTRY (80%)
The Notary (NTRY) team: 15.000.000 NTRY (10%)*
Notary (NTRY) marketing: 7.500.000 NTRY (5%)**
Pre-ICO + Bounties: 7.500.000 NTRY (5%)

*reserved for the (future) team (delayed founder liquidity for one year)
** reserved for marketing (i.e. the first few thousand users will receive an X number of tokens
as a reward for feedback on testing and the user-friendly experience, aggressive advertisement
in different media etc.)

We are anticipating your comments!

This page will be updated as the new information arrives.
The Notary Team.[/center]