Digital Timestamps vs Traditional Notarization: A Comparison

21 April 24

For centuries, traditional notarization has been used as a method of document validation. However, with the advent of digital technology, a new and improved method has been introduced - Digital Time Stamps. In this era of digital advancement, it's essential to understand the benefits of Digital Time Stamps over traditional notarization.

Digital Time Stamps offers a modern solution to intellectual property protection. By creating an encrypted fingerprint of a work and storing it on the blockchain, it serves as a notarization of the idea, evidencing that the intellectual property existed at a specific point in time. This process simplifies copyright protection, negating the need for lengthy and expensive legal procedures associated with traditional notarization.

One of the key features of Digital Time Stamps is the generation of unique digital signatures. These signatures are a safeguard against file tampering, providing proof that a file's contents remain identical to the original version. This is a significant upgrade from traditional notarization methods which lack this level of digital protection.

What sets Digital Time Stamps apart from traditional notarization is the speed and efficiency of the process. The timestamping process is near-instantaneous, offering a list of processed files, their timestamp proofs, and transaction history readily available. This is far quicker than traditional notarization which can be a time-consuming process.

Moreover, Digital Time Stamps leverages the decentralized and publicly auditable Bitcoin blockchain. This makes it a cost-effective and trust-worthy solution at just $2.50 per file. This is a stark comparison to the high costs often associated with traditional notarization.

Applications of Digital Time Stamps are wide-ranging and versatile. They can be used for document sharing, securing file integrity, and maintaining video integrity - areas where traditional notarization struggles to match up.

In conclusion, the comparison between Digital Time Stamps and traditional notarization highlights the vast benefits of the former. The digital world demands digital solutions, and Digital Time Stamps offers just that, providing a fast, secure, and cost-effective method of notarization.