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Kolab announces ICO for NotaryTRADE Coin: the first notarised cryptocurrency you can send by email

Zürich, June 16, 2017. Kolab Systems is announcing an ICO for NotaryTRADE.IO, the first notarised P2P cryptocurrency exchange with Blockchain servers owned entirely by its clients.

NotaryTRADE clients receive a new kind of cryptocurrency called NotaryTRADE Coin (NTC). NTC coins are notary-backed, a feature no other cryptocurrency offers. Transactions can be co-signed by an attorney or notary and thus receive legal validity. In other words, NotaryTRADE allows its clients to optionally carry out NTC transactions with the seal of a Notary. This gives NTC legally documented value, a first in the field of cryptocurrencies.

With NotaryTRADE, clients can protect digital assets, including files and NTC cryptocurrency accounts; arrange the assignment of their digital property to their successors; order files to be preserved or disclosed to specific persons or entities, as well as determine digital files to be published for the general public at a pre-defined date in the future. Furthermore, a user whose NTC key is lost or stolen can create a new private key by simply visiting their chosen Law or Notary office.

Unlike Bitcoin and Altcoins that include significant fees for mining on third-party servers, NotaryTRADE coins are not mined and therefore do not pay any fees to miners. Instead, NTC uses “Smart Notary Agreements”. These are similar to Smart Contracts, but with the added security of execution control by a Law or Notary office. These agreements are designed to automatically generate revenue for clients from their own NotaryTRADE servers based on the number of NTC coins they hold.

NTC coin holders can also use NotaryTRADE’s Blockchain-powered email system to send notarised NTC coin transfers directly to any email address. Recipients receive an invitation to securely accept NTC coins which they may store or exchange into other crypto- or government-issued Fiat currencies.

Kolab Systems, in charge of implementing and maintaining the platform for NotaryTRADE, has a long tradition of keeping users’ data safe. For NotaryTRADE, Kolab Systems is building on its entirely open source software stack, guaranteeing that every component, library and app can be audited by third parties to ensure there are no backdoors or malicious code.

“Although providing the platform for NTC is a new venture for us, what we are doing with regard to our Open Source technology is not”, says Georg Greve, CEO at Kolab Systems. “It is just a question of applying the know-how we have amassed over the years with our flagship product, Kolab”. Indeed, lawyers, journalists, entrepreneurs, large companies, public institutions and private citizens have entrusted their emails, files, and personal confidential information to Kolab Systems’ ultra-secure services since the company opened for business almost a decade ago.

Kolab Systems has chosen OpenPOWER servers on which to run the platform. As a member of the OpenPOWER Foundation, Kolab Systems can co-examine and audit the machines running NotaryTRADE to the same degree as the software can be audited by others. This again ensures that every hardware component complies with Kolab Systems’ high standard for security and privacy. “Our experience of trialling Kolab on the OpenPower architecture has served us well,” says Greve. “We are now in the privileged position to be able to set up and continuously improve upon the most reliable and trustworthy hardware platform for NotaryTRADE clients.”

Kolab Systems also defends privacy legally: Based in Switzerland, Kolab Systems’ clients, including NTC users, enjoy the protection that the very stringent Swiss privacy laws afford them.

The Pre-ICO for NotaryTRADE is now open and new clients can receive NTC coins free of charge with their server reservation. Visit NotaryTRADE.IO for more details.

 

ABOUT

NotaryTRADE – The Automated Smart Contract Blockchain

NotaryTRADE is a decentralised exchange that is not controlled by any person, entity or authority. Instead, NotaryTRADE is designed to run on an automated server Blockchain which is entirely owned by its clients.

Once it is fully operational, the NotaryTRADE Coins (“NTC”) issued through the Automated Smart Contract Blockchain cannot be destroyed or manipulated by anyone. NTC is designed to prevent any external influence to assure its continued existence. Only NTC holders can transfer their coins to other coin holders. Coin holders can also trade coins for other crypto or government-issued currencies at market-based exchange rates.

NotaryTRADE is based on Free Software / Open Source Software as recognised by the Free Software Foundation (FSF) and Open Source Initiative (OSI). The NotarySERVER software also contains third party components under compatible licensing.

Even if there was an attempt to shut down NotaryTRADE’s servers, anyone can purchase and add new servers to the network. NotaryTRADE then automatically copies its NTC ledger with all coin transactions to the new server so everyone can verify their existence by checking the ledger. NotaryTRADE is also designed to automatically verify that newly added servers meet its technical and security requirements.

 

Client Representation:

The Notary & Client Consortium

The Notary Consortium is a Swiss association of Law and Notary offices that offer clients notarisation of peer-to-peer (P2P) cryptocurrency transactions on client-owned Blockchain servers with full AML compliance.

The NotarySEND email service allows clients to send and receive notarised email and NotaryTRADE Coins (NTC). NotaryTRADE also enables attorneys and notaries to register NTC cryptocurrency ownership on behalf of clients and to issue private cryptographic keys to owners, their authorised representatives and their successors.

The Client Consortium is a Swiss association of NotaryTRADE Coin (NTC) clients that manages the creation of “Smart Notary Agreements” on the NotaryTRADE server Blockchain — a decentralised and fully automated system for purchasing servers, paying for colocation facilities and services, and for distributing server revenue to clients. NTC coin holders may exchange their coins directly with each other or they can exchange them into other cryptocurrencies or government-issued Fiat currencies at market-based exchange rates.

The Notary & Client Consortium is the Swiss umbrella association for the Notary Consortium and the Client Consortium that represents the joint interests of both member organisations.

Website: NotaryTRADE.IO

Media contact:

Olly Stumpf
OS@NotaryTRADE.IO
Tel. +41 44 58 667 44 (English & Deutsch)

 

Software and Servers:

Kolab Systems AG

Kolab Systems provides, among other services, the secure Kolab collaborative suite to large companies, Application Service Providers (ASPs), governments, SMEs and individuals. With Kolab, users increase their productivity and security, while simultaneously safeguarding their agility, allowing them to collaborate in confidence.

Kolab’s ever-expanding range of services includes email, calendars, files, tasks, notes, address books, and more. Kolab’s Enterprise professional services core team is made up by highly qualified system experts that help users get the most out of their IT solutions and will handle even the most advanced deployment scenarios.

Kolab Systems is a purely Swiss business with a European team and offices in various countries. All of Kolab’s infrastructure and data is held exclusively in Switzerland, including its own Software as a Service / Cloud offering, “Kolab Now”. Kolab Systems is the professional partner for enterprise services backed by Swiss privacy laws. Get in touch and let Kolab Systems help you to collaborate with confidence.

Website:
KolabSystems.com

Media contact:
Paul Brown
brown@kolabsystems.com
Tel. +41 43 508 00 90 (English & Español)

 

Kolab Systems is the vendor of NotarySERVER hard- and software.

Kolab Systems AG, Hagenholzstr. 83b, 8050 Zürich, Switzerland
Trade register no: CH-020.3.034.895-4. VAT no: CHE-115.488.846

NotaryTRADE.IO has been created by the Notary & Client Consortium in association with KOLAB.
© 2017 The Notary & Client Consortium, Switzerland. All rights reserved.
About | NotaryTRADE Coin Programme | Reservation Agreement | Privacy