UAE's JustChain launches blockchain-based notary platform

JustChain, an MBRIF start-up, has launched the world’s first blockchain-based notary platform. Reem Mohammed/The National

UAE-based start-up JustChain, a company offering blockchain services to the legal sector, launched a new blockchain-based notary platform.

NotaryChain allows legal documents to be notarised digitally and securely from anywhere, providing time and cost savings for the notary public and customers, JustChain said in a statement on Sunday.

Built on top of an enterprise-grade blockchain platform, the product offers tamper-proof security, speed, convenience and instant verification of notarised documents such as power of attorney, memorandums of association, contracts and marriage certificates.

The launch follows the recent approval from the UAE Cabinet on digital signatures and its application to notary services.

“NotaryChain represents a new era of accessibility, convenience, and productivity for the notary public,” Mohammed Akbar Farook, chief executive of JustChain, said.

“This is in line with the UAE’s national strategy for blockchain as well as the Dubai Paperless Strategy that is being implemented throughout government entities in the emirate.”

Last year, JustChain rolled out a blockchain application to anonymously track Covid-19 patients, sharing real-time critical case information securely with concerned health providers, clinicians, government authorities, medical suppliers, laboratories and researchers.

The venture is a member of the Mohammed Bin Rashid Innovation Fund – a government initiative launched by the finance ministry and operated by Emirates Development Bank. MBRIF supported JustChain with strategic and market insights as well as local market access, the venture said.

“The MBRIF always seeks members whose innovative businesses can bring something exceptional to the UAE,” Fatima Alnaqbi, chief innovation officer and MBRIF representative from the finance ministry, said.

“The MBRIF will continue to seek and support innovators who will actively contribute to the UAE’s digital economy transformation journey.”