Blockchain technology enables digital notarization to speed up the document certification process and reduce the need for physical documents. ProofofExistence is a service that employs blockchain to allow its users to hash documents, and one new father used the service to notarize his daughter’s video birth certificate. This is just one example of the vast variety of documents to be notarized digitally through this innovation, and people are starting to embrace the electronic notarization of documents across the country.
Blockchain technology provides a safer and more secure way to validate documents, in particular for documents such as copyright claims, because it creates a safeguard that cannot be tampered with or lost. Traditional notaries may lose out from this technology because their services will become obsolete, but as people embrace the digital notarization process, document certification efficiency will drastically increase.