Our company is a permanent arbitration court registered in London, U.K., resolving commercial disputes on-line - using electronic documents.
We use current international law, in particular the UN Convention on Recognition and Enforcement of Foreign Arbitral Awards, as a "proxy" between a cryptography tools and national legal systems in different countries.
We build an international self-expanding network of notaries accredited by the arbitration court for purpose of identification of individuals and legal entities, verification public OpenPGP keys (for signing and/or encrypting documents) and certification of documents.
We have a web server www.cryptonomica.net which connects the customers, notaries and the arbitrators and holds information about public keys and verifications. From our web-site signatures or document hashes can be stored on Ethereum blockchain in special smart-contract. Verified keys are also used as identity proof for accounts on Ethereum blockchain, for this we have another smart-contract deployed on the Ethereum blockchain. Our web-site, our server with blockchain node, our smart-contracts are open sourced, code on https://github.com/Cryptonomica
We have developed a legal model allowing to legitimately working with cryptography even in problematic jurisdictions without the requirement to be licensed as a certification center or licensing of software. Hence, we can develop the network in different countries and do it fast.
2. The problem
The world has changed. The legal infrastructure has not.
Can we use blockchains legally? How can we carry out identity proof in other countries?
Justice is missing
in most countries,
and is very slow
all over the world.
No reliable
international
system for
electronic
contracts.
No global legal
space.
3. The Solution: self expanding network of notaries
- OpenPGP public keys
verification by certified
public notary
- electronic documents
and scans certified by
notary
Like airbnb or uber for identity proof / KYC
4. The Solution: legal electronic documents
OpenPGP for signing documents
The first arbitration award
recognized under Convention on the
Recognition and Enforcement of
Foreign Arbitral Awards (New York,
1958) without handwritten signature
5. The Solution: online arbitration
The first online arbitration in the world The first Arbitration Rules on Github
7. Market and competition Why we are better:
- Designed by experienced lawyers
- Reliable identity proof
- Reliable open source cryptography, open
sourced code, existing libraries to connect
to any platform
- User-friendly, transparent and
understandable
- Private keys and documents are controlled
by user only
- recognition and enforcement in different
legal systems
More than 50M users
50,000 new unique users
joining its network per day,
more than $3 billion valuation.
“Legally binding”
8. Business model ★ Main: Fee for registering public
key on web-server
★ Additional: Fee for online dispute
resolution
The market:
Millions of users and billions of dollars
10. Why we are the best team to do this
co-founders: We have worked together in
different projects since 2002.
Both have more than 10 years
practical experience in the
field.
Our team joins legal,
programming and business
expertise.
All our code and legal
documents are written by us.
Viktor Ageyev
CEO/CTO
Lawyer,
programmer
Max Baryshnikov
BizDev
Lawyer
11. We are looking for:
★ More Notaries
★ More Arbitrators
★ More clients
★ Seed investment