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Tech Bureau and NEM launch notary and timestamping solution ‘Apostille’
Tech Bureau Corp. and open source blockchain project NEM announced the launch of ‘Apostille’, a notary and timestamping solution for both NEM public blockchain and Tech Bureau’s Mijin private blockchain.
Apostille is leveraging on NEM blockchain technology and will utilize its multi-signature accounts, messaging, naming service, and blockchain asset features in order to create a dynamic notarization and timestamping solution, the release stated. Apostille has more added features like branding a certificate issuance, making it transferable, allow updating, and making it conjointly owned.
“NEM is such a powerful blockchain solution that empowers creativity to dictate its utility. The development of Apostille as a notarization and timestamping solution demonstrates this,” Lon Wong, NEM core team member said.
Apostille blockchain notarization service will not only make a one-off timestamp of a document’s fingerprint but also take that document’s file name and merge it with the user’s account information to create a unique private key only for that file. This private key will derive a hierarchical deterministic (HD) account. Using blockchain technology, the file will have an exclusive account that can have messages and assets sent, be branded with namespaces, and so on.
The Apostille service is available for use cases such as property titles like land, car, art, photography, jewelry; data security and backup; proof of authorship for contracts, e-mail, tweet, voice recording, log, time stamp record; among others.
“Apostille is the first ever second-generation blockchain notarization application. We are excited about seeing existing businesses adopting this technology for new and novel use cases on both NEM and Mijin. Furthermore, while other startups or blockchains are raising millions of dollars to build this service, we are launching it to users and businesses for free,” Jeff McDonald, Apostille project manager, and NEM core team member.