It can already be fully stated that we live in the digital era - most of our lives fit into a smartphone, and there are hardly any people we know who spend less than a few hours online every day. The digital age has spawned its offspring, including the digital economy. The new economy has generated many opportunities. But the revolutionary approach is not always justified. Sometimes it is easier to destroy everything and build again. But sometimes, it is better to replace the revolutionary system with the evolutionary one. Without betraying the principles of decentralization, we use well-established approaches to design new Web3 tools.
Humanity invented finances thousands of years ago. Digital assets are a fundamental reimagining of finances, but not their reinvention. And we, as a society, have already been through the difficult journey of establishing monetary relations. As a result of that challenging path, banks, accounting, licensing, and notaries were created. There is no objective reason to refuse what was called to make our life easier. Moreover, it would be strange to give up all the experience we have gained.
The digital economy in the digital world
Traditionally, the field of digital assets has been the domain of the rebels. Bitcoin as a decentralized payment method, a loud challenge to banks and the traditional financial system, pseudonymity, independence from regulators and other similar factors only reinforced this image. However, times have changed. Mass adoption of cryptocurrencies, which so many dreamed of, has become impossible without the attention of governments and financial institutions.
Most of us want to see the mass adoption of cryptocurrencies - that is what we have been eager for from the very beginning. In that case, it is necessary not to destroy the existing system but to let it integrate into the crypto-economy, evolve and become better. Therefore, even though notaries are not needed in the digital world because the blockchain fulfils their role, a notary is necessary in the real world. And MetaNotary is just a bridge between the digital world and the traditional one complementing blockchain functions to make them more applicable and synergic with traditional notary functions.
So, what a regular notary does in your neighbourhood, MetaNotary will do for you in the blockchain.

In fact, the notary's role in the digital world is even more practical and daily than in the offline world mainly because the digital notary can act through a smart contract automatically, without complex actions on the user's part.

What problems could be avoided by introducing notary and patent attorney services to Web3.0:

- High risk of fraud in the marketplaces
- an absence of an adequate escrow service
- an absence of a verification mechanism (technical and legal)
- the risk of assets loss without the possibility of recovery

So how are we going to make the world of digital notaries simple and intuitive?

Our global goal is to develop with the community and implement new standards for dealing with digital assets based on the work with traditional forms of law and integration with them.

We have chosen case studies to implement our approach:
  • NFT Verification & Certification.
  • NFT Research & Valuation
  • NFT Custody & Escrow
About MetaNotary
Luis Cuendes's "The sorry state of crypto UX" article very precisely describes the challenges of developing a market for digital services. Why is it so hard for people to start using new decentralized services?

UX is not only about buttons and design but about using, scaling and user acceptance of product ideas and mechanics. The extent to which the very meaning of a product operation is intuitive to the user. And this is also an essential aspect of MetaNotary's work. Simplicity, transparency and reliability are the factors that can not only make life easier for users of digital assets but also bring into the industry institutional investors, for whom the ability to face the threats of the digital world is critically important.
What will the user experience be like?
The traditional world has become obsolete - most of its practices, mechanics and foundations are crumbling before our eyes. It's time to take the best of it. Something that has been mined through millions of trials and errors and was created to make our world more accessible. While the digital asset market still resembles the wild west, time-tested tools can bring more order and security to it without sacrificing what we love blockchain so much for - decentralization, freedom and convenience.
Instead of conclusion
MetaNotary Manifest
You can download the manifest in PDF format
PDF
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