Design of a Blockchain Architecture and Use of Smart Contracts to Improve Processes in Notary Office

Roberth Ulloa, Pablo Gallegos

Research output: Chapter in Book/Report/Conference proceedingConference contributionpeer-review

Abstract

The present investigation proposes the use of the blockchain as a replacement mechanism for the current notarial system, the use of smart contracts is applied for this purpose, in which all the terms or clauses of a transaction are detailed, as in a traditional contract, but with new capabilities and security mechanisms specific to blockchain due to its native encryption algorithms, without the intervention of third parties, the proposed architecture establishes the processes of consensus and distribution of the general ledger in each of the nodes, distributed in the different certification entities or organizations, as well as each of the components that intervene during the process of generating a new transaction that will begin with the agreement between a seller and a buyer on a good, whether a vehicle, a house, a land, etc., also seeking to eliminate the intervention of several state entities in the notarial processes, in addition to complying go fully all the clauses of the contracts generated.

Original languageEnglish
Title of host publicationApplied Technologies - 3rd International Conference, ICAT 2021, Proceedings
EditorsMiguel Botto-Tobar, Sergio Montes León, Pablo Torres-Carrión, Marcelo Zambrano Vizuete, Benjamin Durakovic
PublisherSpringer Science and Business Media Deutschland GmbH
Pages469-483
Number of pages15
ISBN (Print)9783031038839
DOIs
StatePublished - 2022
Event3rd International Conference on Applied Technologies, ICAT 2021 - Quito, Ecuador
Duration: 27 Oct 202129 Oct 2021

Publication series

NameCommunications in Computer and Information Science
Volume1535 CCIS
ISSN (Print)1865-0929
ISSN (Electronic)1865-0937

Conference

Conference3rd International Conference on Applied Technologies, ICAT 2021
Country/TerritoryEcuador
CityQuito
Period27/10/2129/10/21

Bibliographical note

Publisher Copyright:
© 2022, Springer Nature Switzerland AG.

Keywords

  • Architecture
  • Blockchain
  • Notary
  • Simulation
  • Smart contract

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