NotaryPlatform (PDF)

The Notary Platform Project
A Crowdfunding White Paper

Version 0.9

April 2017

Table of contents

Summary ................................................................................................................................................. 3
An Introduction to Cryptos and the Notary Coin (NTRY) ........................................................................ 4
The Notary (NTRY) Platform .................................................................................................................... 5
How and Why ...................................................................................................................................... 5
Possible Use Cases............................................................................................................................... 6
The Notary (NTRY) Platform Integrations ........................................................................................... 8
The Vision for Advanced Further Development ...................................................................................... 8
Milestone Timelines ................................................................................................................................ 9
Main Stages ......................................................................................................................................... 9
An Example of Use at Different Stages.............................................................................................. 11
Presale / The ICO Campaign .................................................................................................................. 13
Presale ............................................................................................................................................... 13
ICO General ....................................................................................................................................... 13
The Notary (NTRY) Token Distribution .............................................................................................. 14
For Conclusion … ................................................................................................................................... 15
Further Reading ..................................................................................................................................... 15
The NTRY Team ..................................................................................................................................... 17
Co-Workers, Developers, Supporters, and Investment Angels ............................................................. 18

Summary
The cutting-edge information/computer technology is here! But what to do with it and how to
use it? 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. While this isn‟t new, the platform offers an intuitive and userfriendly interfaces. Moreover, it offers the use of templates for standard contracts for different
real-life use cases. It should be emphasized that the main intention of the service is not to
replace the notary business (which is highly regulated and therefore the replacement is not
viable) but aiming to support it, and in addition to preserve the rights of involved parties.
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 selfexecuting 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.
The following crowdfunding white paper is a bit different compared to the majority of white
papers we come across today. Instead of focusing on the technical parts and going deep into
technicalities of the proposed project (what most of the other proposals do), we focused on the
practical use of the services offered by the platform We all know the technology behind
today‟s crowdfunding projects is very complex but we wish that the potential investor and/or
user sees the bigger picture and the bigger scale of the proposed Notary (NTRY) platform.
Three main and important differences can be noted, if we compare presented Crowdfunding
White Paper with the recent ones:
 real economically viable applications (web and apps) with huge potential at the early
stages,
 platform developed on the Ethereum Classic network which follows “code is law”,
 achievable milestones.

An Introduction to Cryptos and the Notary Coin (NTRY)
The concept of decentralized applications, such as property registries, has been around for
decades. But only after 2009, when Satoshi Nakamoto implemented a decentralized currency
known as Bitcoin, the practical applications could become widely available. The genius
combination of established primitives for managing ownership through public key
cryptography with a consensus algorithm („proof of work‟) simultaneously solves two
problems. Namely, it provides a simple and effective consensus algorithm, which allows
nodes in the network to agree on a set of updates to the state of the Bitcoin distributed ledger,
and it provides a mechanism for allowing free entry into the consensus (mining) process; note
that the latter is directly proportional to the node's computing power.
For the first time in the history of mankind, the above concept allows for an almost instant
transfer of both the value of the currency (money) and the (encrypted) information around the
world without the middle man. While the transferring of the value of the currency isn't new
(although not possible without central management/authority until Satoshi Nakamoto's
invention), the information (hash) stored in the Bitcoin distributed ledger (BDL) is very new
and at least of equal importance. The latter adds a new dimension to the existing one;
however, the complexity is not doubled but increased at the power of two (1 + 1). Even more,
the information stored in the BDL can be related to the transferred currency's value, or it can
carry something else. Even such a relatively simple decentralized application (when compared
with more complex systems, i.e. Ethereum) allows a huge number of different real-case
applications.
Like P2P cryptocurrencies or distributed ledgers today, every new technology changes the
perception of living. It has become obvious that the way of living we know today, as well as
the old habits, routines, and systems in use must adapt in order to survive and continue their
service. Therefore, in the first step, the practical applications of the NTRY cointract will
support the old (see first and second stage in the continuation of the text), whereas in the
second step (brief insight into it in the third stage of the proposed project; the advanced future
development of the NTRY platform), they will slowly and gradually evolve into a completely
new paradigm.

The Notary (NTRY) Platform
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.

Note that for the time being, the only real obstacle for using smart contracts among various
contractors is the lack of (digital) financial instruments or derivatives which would provide an
instantaneous fulfilment of contractual obligations without intermediaries. We expect that
along with the maturity of cryptocurrencies, smart contracts, and blockchain technology, the
solutions will be available soon.

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 wellknown 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.

While there is practically no chance to forge NTRY cointracts (valid transactions can never be
erased or forgotten), it is reasonable to expect it may serve as conclusive evidence/hard legal
proof. Working with legal representatives will give the NTRY platform users the opportunity
to enter into a blockchain-based jurisdiction where agreements are governed by code and also
valid in different countries/territorial jurisdictions.

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)

The Vision for Advanced Further Development
The development of the proposed Notary (NTRY) platform and its related applications can be
foreseen in two interconnected areas – legal and technological. If we look at the former – and
therefore at the four functions of law, which include defending people from evil, promoting
the common good, encouraging people to do the right thing, and resolving disputes – the most
basic use in the proposed applications relates to the latter. Note that all four functions are
essential to human welfare. It is also clear that the existing legal systems have been evolving
through thousands of years, in part based also on available means. As the technology evolves,
however, some legal procedures can also be improved in order to offer better protection of
human rights and a better resolving of disputes. And here come the timestamps of different
cryptocurrencies and smart contracts. The latter are computer protocols which facilitate,
verify, or enforce the negotiation or performance of a contract. While smart contracts can
emulate the logic of contractual clauses, many kinds of contractual clauses may thus be made

partially or fully self-executing, self-enforcing, or both. As such, smart contracts aim to
provide security superior to traditional contract law and to substantially reduce costs
associated with contracting.
It can be foreseen that in the (near) future most, if not all of the contracts will become smart
contracts. We can clearly see that the trend of society is to move in the direction from
traditional and outdated systems to the up-to-date digital society with superior solutions to the
existing pillars of society.

Milestone Timelines
Main Stages
The initial stage
18/4/2017 The white paper draft version 0.9
20/5/2017 The start of the presale campaign
21/9/2017 The start of the ICO campaign
The primary stage: an application for the general public1
The web and android alpha versions of the application:
 alpha testing on a closed circle of users, working on functionalities of backend
operations (e.g. a timely execution of blockchain transactions, efficient cloud storage
and access of corresponding files)
 the testing of basic functionalities of the GUI
Beta testing of the applications:
 public beta testing (tests on front end) including various users (e.g. the identification
of problems, simplifying and the optimization of the processes to making them as
intuitive as possible)
 the testing of all functionalities of the user-friendly GUI
Aggressive marketing and engaging the target audience, which includes:
 attracting and engaging the best experts in the field of domestic and international law
 marketing and contacting various websites for which the application may provide a
greater transparency and security for both parties involved in the transaction (selling
and/or buying goods)
 the issuing of physical brass tokens, which could also be used for the payment of
contracts. Due to their limited edition, they may also serve as collectible items. A
specific amount (e.g. 15%) will be given to the most active users for free
 other forms of marketing (social networks, Google adverts)
The launch of the application for the general public and the development of apps for business
purposes

1

Primary goals will be achived between the presale and ICO