blog:Emercoin_Blockchain_Anchoring

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# Emercoin Blockchain Anchoring as a Way of Singing Contracts␍␊␍␊This paper explores benefits of a new method of cryptographic signing of legal transactions using the Name-Value Storage (NVS) technology of Emercoin. ␍␊␍␊NVS not only permanently stores data, but also allows to change ownership by transferring data between blockchain addresses, establishing its validity and even changing data, while keeping a history of records with timestamps. ␍␊␍␊A signatory creates an NVS record with the hash of a document and transfers it within the circle of signatories until everyone has signed it. ␍␊␍␊The method also works for unilateral deeds, which can be transferable (for bearer instruments) or non-transferable, including a method where the signatory keeps the record under one's control. ␍␊␍␊The third party can also be involved in the role of a notary, an arbitrator or an escrow, who can ident ify signatories, change the status of the deed and manage the NVS record. ␍␊␍␊The article analyzes a probative value of the proposed methods for legal proceedings and compares these with the traditional PKI, such as eIDAS in EU. ␍␊␍␊The conclusion is that the Carousel method can be considered as an alternative to existing methods, but mass adoption requires standardization and a normative background.

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