UAE's JustChain launches blockchain-based notary platform
04 January, 2021
UAE-based start-up JustChain, a company offering blockchain services to the legal sector, introduced a fresh blockchain-based notary platform.
NotaryChain allows legal papers to be notarised digitally and securely from everywhere, providing period and cost benefits for the notary public and customers, JustChain said in a statement on Sunday.
Built along with an enterprise-quality blockchain platform, the merchandise offers tamper-proof security, rate, convenience and prompt verification of notarised records such as electric power of attorney, memorandums of association, contracts and marriage certificates.
The launch follows the recent approval from the UAE Cabinet on digital signatures and its own application to notary services.
“NotaryChain represents a fresh era of accessibility, convenience, and productivity for the notary public,” Mohammed Akbar Farook, leader of JustChain, said.
“This is based on the UAE’s national strategy for blockchain plus the Dubai Paperless Strategy that is being implemented throughout government entities in the emirate.”
This past year, JustChain rolled away a blockchain application to anonymously monitor Covid-19 individuals, sharing real-time critical case information securely with concerned health providers, clinicians, authorities, medical suppliers, laboratories and researchers.
The venture is an associate of the Mohammed Bin Rashid Innovation Fund - a government initiative launched by the finance ministry and operated by Emirates Expansion Bank. MBRIF reinforced JustChain with strategic and industry insights together with local market gain access to, the venture said.
“The MBRIF always seeks members whose innovative businesses can bring something exceptional to the UAE,” Fatima Alnaqbi, chief innovation officer and MBRIF representative from the finance ministry, said.
“The MBRIF will continue to seek and support innovators who will actively donate to the UAE’s digital economy transformation journey.”
Source: www.thenationalnews.com
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