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The idea is to provide technological solutions for the signing and certification of documents.Both companies, operating in Argentina, taking advantage of the network of the Bitcoin for services of the notary office.An alliance that seeks to use the chain of blocks of Bitcoin for the development of contracts digital was sealed this week between the startup Bitex and the platform Signature, two companies operating in Argentina.The objective of the agreement is to provide different technology solutions for the electronic signature and certification of documents, which includes identification of the signatories, management and preservation of the documentation signed, in addition to the time stamp (timestamp) of the documents. The process will run on the platform of the Signature, based on Bitcoin and is created to process digital signatures and certify documents in the blockchain.On this subject, Manuel Beaudroit, chief Marketing officer of Bitex, told Breaking News that the company, which operates with payments, liquidity, processing and safekeeping of bitcoins, currently with a network of partners (Partner Program). They are a group of resellers of the solution that are distributed globally.The company has plans to enhance this network of contacts and grow their business. To do this requires that all the potential partners that are part of this group to sign an agreement of commitment. Beaudroit expressed that in order to maintain the formality operational, the company had the need to finalize and certify these agreements with their partners. The signing of such contracts must be made in person, and must certify in any way, guaranteeing both the identity of the person signing as the time in which it takes place. We present as well the impediments arising from the geographical distances between the participants of the program. It is for this reason that we have chosen the services of digital signature over the network of Bitcoin that provides Signature, clears the steering.The objective of resorting to the chain of blocks of Bitcoin for this process allows you to not incur the costs and processes that brings the use of a notary common, says Beaudroit.
They are processes that are run at international level and if, for example, we have to sign contracts in the united States, Australia or Spain, there are obstacles to the physical mobilization of the people. These costs of mobilization could be very high in these countries compared with the costs that requires a signature on blockchain, which is also very fast and secure.Manuel Beaudroit, CMO of Bitex
He adds that, in a platform blockchain the signing of the contracts digital offers “the certainty of the facts, together with the advantages offered by a platform such as the Signature”. Indicates that in addition to Bitex is very important to be very agile in the business and precisely “that one of the things that the technology blockchain provides, together with the power of desintermediar and to decentralise certain actions”, he emphasizes.However, the Marketing director of Bitex recognizes that there is a disadvantage to use blockchain, related to the fact that this process of contracts digital is not yet regulated, so that it is not yet legal in many countries. Even so, “the idea is to be pioneers in the use of technologies decentralised to reduce costs, gain time and to try new opportunities.”The startup, which began its operations in 2014 as the main supplier in Latin america solutions in the platform of Bitcoin, through its network of partners operates in more than 55 countries around the world, including Uruguay, Paraguay, Argentina and Chile. Last August began offering a service of exchanging bitcoins for dollars and argentine pesos, including other currency as as uruguayan pesos, chilean pesos and guarani.
The certification process
In order to certify the contracts digital sign in the terms provided by Bitex and Signature, it must also prove the existence of the documents being signed. With this purpose, the platform Signature using the decentralized system of OpenTimeStamps, an open source solution that facilitates the certification data in the blockchain of Bitcoin.In the process, define a set of operations, creating what in the platform called “marks of time demonstrable”. The same is confirmed in the chain of blocks and are independently verified. So, take advantage of a feature of Bitcoin for services of the notary, the use of which has not been so widespread until now. The services of notaries, using the blockchain of Bitcoin, have been proposed in the past in different parts of the world. In march 2018, the National Energy Commission Chilean announced that it would implement a blockchain as a notary digital. A similar case was also filed in Brazil, where João Amoêdo, pre-candidate to the Brazilian presidency for the New Party, suggested the use of a blockchain in the services of notaries.