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

Roberth Ulloa; Pablo Gallegos

doi:10.1007/978-3-031-03884-6_34

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 proceeding › Conference contribution › peer-review

1 Scopus citations

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 language	English
Title of host publication	Applied Technologies - 3rd International Conference, ICAT 2021, Proceedings
Editors	Miguel Botto-Tobar, Sergio Montes León, Pablo Torres-Carrión, Marcelo Zambrano Vizuete, Benjamin Durakovic
Publisher	Springer Science and Business Media Deutschland GmbH
Pages	469-483
Number of pages	15
ISBN (Print)	9783031038839
DOIs	https://doi.org/10.1007/978-3-031-03884-6_34
State	Published - 2022
Event	3rd International Conference on Applied Technologies, ICAT 2021 - Quito, Ecuador Duration: 27 Oct 2021 → 29 Oct 2021

Publication series

Name	Communications in Computer and Information Science
Volume	1535 CCIS
ISSN (Print)	1865-0929
ISSN (Electronic)	1865-0937

Conference

Conference	3rd International Conference on Applied Technologies, ICAT 2021
Country/Territory	Ecuador
City	Quito
Period	27/10/21 → 29/10/21

Bibliographical note

Publisher Copyright:
© 2022, Springer Nature Switzerland AG.

Keywords

Architecture
Blockchain
Notary
Simulation
Smart contract

Access to Document

10.1007/978-3-031-03884-6_34

Cite this

Ulloa, R., & Gallegos, P. (2022). Design of a Blockchain Architecture and Use of Smart Contracts to Improve Processes in Notary Office. In M. Botto-Tobar, S. Montes León, P. Torres-Carrión, M. Zambrano Vizuete, & B. Durakovic (Eds.), Applied Technologies - 3rd International Conference, ICAT 2021, Proceedings (pp. 469-483). (Communications in Computer and Information Science; Vol. 1535 CCIS). Springer Science and Business Media Deutschland GmbH. https://doi.org/10.1007/978-3-031-03884-6_34

Ulloa, Roberth ; Gallegos, Pablo. / Design of a Blockchain Architecture and Use of Smart Contracts to Improve Processes in Notary Office. Applied Technologies - 3rd International Conference, ICAT 2021, Proceedings. editor / Miguel Botto-Tobar ; Sergio Montes León ; Pablo Torres-Carrión ; Marcelo Zambrano Vizuete ; Benjamin Durakovic. Springer Science and Business Media Deutschland GmbH, 2022. pp. 469-483 (Communications in Computer and Information Science).

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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.",

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Ulloa, R & Gallegos, P 2022, Design of a Blockchain Architecture and Use of Smart Contracts to Improve Processes in Notary Office. in M Botto-Tobar, S Montes León, P Torres-Carrión, M Zambrano Vizuete & B Durakovic (eds), Applied Technologies - 3rd International Conference, ICAT 2021, Proceedings. Communications in Computer and Information Science, vol. 1535 CCIS, Springer Science and Business Media Deutschland GmbH, pp. 469-483, 3rd International Conference on Applied Technologies, ICAT 2021, Quito, Ecuador, 27/10/21. https://doi.org/10.1007/978-3-031-03884-6_34

Design of a Blockchain Architecture and Use of Smart Contracts to Improve Processes in Notary Office. / Ulloa, Roberth; Gallegos, Pablo.
Applied Technologies - 3rd International Conference, ICAT 2021, Proceedings. ed. / Miguel Botto-Tobar; Sergio Montes León; Pablo Torres-Carrión; Marcelo Zambrano Vizuete; Benjamin Durakovic. Springer Science and Business Media Deutschland GmbH, 2022. p. 469-483 (Communications in Computer and Information Science; Vol. 1535 CCIS).

Research output: Chapter in Book/Report/Conference proceeding › Conference contribution › peer-review

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AB - 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.

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Ulloa R, Gallegos P. Design of a Blockchain Architecture and Use of Smart Contracts to Improve Processes in Notary Office. In Botto-Tobar M, Montes León S, Torres-Carrión P, Zambrano Vizuete M, Durakovic B, editors, Applied Technologies - 3rd International Conference, ICAT 2021, Proceedings. Springer Science and Business Media Deutschland GmbH. 2022. p. 469-483. (Communications in Computer and Information Science). doi: 10.1007/978-3-031-03884-6_34

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

Abstract

Publication series

Conference

Bibliographical note

Keywords

Access to Document

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Cite this