Comment Re:Not a new idea ... (Score 1, Informative) 182
I can't see how this differs from the concept of a notary.
In France, Belgium and almost all countries where Napoleon once waved the scepter, the function of "notary" was introduced.
Whenever there's a contract where both parties want nonrepudiation, they use that person to ensure legality of the contract, safekeeping of the definitive version of the contract, and to ensure that the actions necessary will be taken when certain events happen.
For instance, in Belgium no one buys a house without a notary. People also use it for things like their last will. He also can perfectly used to keep sourcecode. In fact, all notaries are obliged to ensure safekeeping for at least 25 years personally and after that, documents are moved to the repository of the order of notaries.
BTW, the absence of a notary isn't the only defect of the American legal system.
In France, Belgium and almost all countries where Napoleon once waved the scepter, the function of "notary" was introduced.
Whenever there's a contract where both parties want nonrepudiation, they use that person to ensure legality of the contract, safekeeping of the definitive version of the contract, and to ensure that the actions necessary will be taken when certain events happen.
For instance, in Belgium no one buys a house without a notary. People also use it for things like their last will. He also can perfectly used to keep sourcecode. In fact, all notaries are obliged to ensure safekeeping for at least 25 years personally and after that, documents are moved to the repository of the order of notaries.
BTW, the absence of a notary isn't the only defect of the American legal system.
