In recent years, digital notarization has become increasingly vital for industries where document authenticity is paramount, such as legal, compliance, cybersecurity, and system integration. Blockchain technology often arises as a potential solution for notarization due to its immutability and decentralized nature. However, while blockchain is a powerful tool, it is not without significant limitations. TrueScreen’s digital notarization offers a robust, legally recognized, and efficient alternative to blockchain notarization, designed specifically to address the needs of professionals requiring secure, compliant, and accessible solutions.
In this article, we’ll explore why TrueScreen notarization is a superior choice over blockchain for professionals in legal, cybersecurity, compliance, and systems integration, highlighting blockchain’s shortcomings and the numerous advantages TrueScreen brings to the table.
The Drawbacks of Blockchain for Notarization
Blockchain technology has its merits, such as decentralized ledgers and immutability. However, its practical application as a notarization tool often falls short, especially in professional and legal settings where cost, speed, environmental impact, and universal legal recognition are paramount. Here are some of the primary drawbacks of blockchain notarization.
1. Environmental Sustainability Concerns
Blockchain networks, particularly those operating on Proof of Work (PoW) systems, consume enormous amounts of energy. Bitcoin alone, for instance, uses more electricity annually than some small countries. This high energy consumption has sparked widespread concerns about blockchain’s environmental impact. For organizations with strong environmental, social, and governance (ESG) commitments, blockchain’s carbon footprint makes it an unattractive option.
2. High Costs
Blockchain notarization can be costly due to the transaction fees associated with recording data on the blockchain. As the demand for blockchain transactions increases, so do the fees, which fluctuate and often rise during network congestion. For industries requiring frequent notarizations, these unpredictable costs make blockchain an unsustainable option.
3. Lack of Universal Legal Recognition
Despite its technical strengths, blockchain notarization lacks universal legal recognition. Many jurisdictions do not recognize blockchain-stored records as legally binding, making them unsuitable for formal legal proceedings. For professionals in the legal, compliance, and cybersecurity sectors, this limitation is a significant hurdle.
4. Speed and Performance Issues
Blockchain networks can experience significant delays, especially during peak usage times. Transactions on public blockchains such as Ethereum or Bitcoin can take minutes to hours to confirm, which can be problematic for professionals who need immediate notarization. Furthermore, blockchain networks occasionally experience service interruptions, which can disrupt access to notarized data when it is most needed.
5. Standardization and Compatibility Issues
Blockchain notarization does not provide standardized output formats, which can lead to compatibility issues when attempting to integrate blockchain-based data into existing software or systems. Legal and compliance professionals often work with various document types and formats, and converting blockchain data into usable formats can be cumbersome and costly.
The Advantages of TrueScreen Notarization
In contrast to the limitations of blockchain, TrueScreen notarization offers a modern, legally recognized, and efficient solution for professionals in need of reliable digital notarization. Here’s why TrueScreen’s notarization process stands out as a preferred choice.
1. Internationally Recognized Legal Value
TrueScreen’s notarization is designed to meet international legal standards, ensuring that documents notarized through the platform are universally admissible as legal evidence. TrueScreen complies with the eIDAS regulation in the European Union, as well as with AGID in Italy, which grants it full legal validity across multiple jurisdictions. This is crucial for legal professionals who need notarized documents to hold up in court or compliance audits, making TrueScreen a trusted and authoritative solution.
2. Seamless Integration with Existing Systems
One of the hallmarks of TrueScreen is its seamless integration capabilities. TrueScreen notarization can easily be incorporated into existing workflows through APIs and SDKs, making it compatible with CRMs, ERPs, and other enterprise software commonly used in legal, compliance, and cybersecurity fields. Whether you’re working with Salesforce, Google Drive, SharePoint, or Slack, TrueScreen allows for easy data flow between your notarization tool and other critical systems.
This interoperability is particularly beneficial for system integrators and IT professionals, who need reliable tools that won’t disrupt existing infrastructures. TrueScreen’s standard format output makes it a flexible and adaptable solution for all organizational structures.
3. Cost-Effectiveness
TrueScreen offers a clear advantage over blockchain in terms of cost. The TrueScreen notarization process is affordable and has fixed pricing that scales with your needs, allowing businesses to budget effectively. Unlike blockchain, where transaction fees can be volatile and influenced by network congestion, TrueScreen provides a cost-effective solution that ensures long-term affordability without hidden costs.
This predictability is invaluable for organizations that conduct high volumes of notarization, allowing for efficient resource allocation and cost planning.
4. Rapid Processing Speed
TrueScreen is built to deliver rapid notarization, providing instant confirmation and certification of documents. Unlike blockchain networks, which can be slow and unreliable during high traffic periods, TrueScreen’s infrastructure guarantees fast processing, ensuring that notarized documents are ready for use without delay.
For professionals who need immediate access to certified documents, this speed is a significant advantage, preventing workflow bottlenecks and keeping processes running smoothly.
5. Environmental Sustainability
TrueScreen is committed to sustainability. Its notarization process operates on standard, low-power servers, which reduces its environmental footprint. In contrast to the energy-intensive blockchain, TrueScreen’s technology ensures that notarization remains eco-friendly, supporting organizations that prioritize sustainable practices.
This environmentally friendly approach allows professionals and organizations to adhere to ESG principles while still accessing reliable, secure, and legally valid notarization.
6. Standardized Output for Simple Integration and Compliance
TrueScreen provides standardized output formats such as PDF and JSON, making notarized documents compatible with a wide range of business software and applications. This standardization ensures that your notarized documents can be seamlessly integrated into existing compliance and legal frameworks.
For legal and compliance professionals, this means less time spent on converting or formatting documents and more time focusing on core responsibilities. TrueScreen’s standardized outputs facilitate easy documentation management, archiving, and compliance review.
Blockchain vs. TrueScreen Notarization
Feature |
Blockchain Notarization |
TrueScreen Notarization |
---|---|---|
Legal Recognition |
Limited, not universally recognized |
Fully compliant with eIDAS and AGID standards |
Environmental Impact |
High, due to Proof of Work energy demands |
Low, eco-friendly technology |
Cost |
Variable, high transaction fees |
Affordable, predictable pricing |
Processing Speed |
Slow, susceptible to delays and congestion |
Fast, near-instantaneous notarization |
Integration Compatibility |
Limited, complex integrations needed |
High, compatible with CRM, ERP, and other systems |
Standardization |
Limited, no standard output formats |
PDF and JSON, easily integrated into legal and business systems |
Why TrueScreen is the Ideal Solution
TrueScreen is designed to meet the high standards of professionals in fields where document authenticity, security, and compliance are paramount. Its legally recognized notarization, cost-effective pricing, eco-friendly approach, and seamless integration capabilities make it a superior choice over blockchain for digital notarization. Whether you’re managing sensitive legal documents, ensuring compliance, or securing data in the cybersecurity space, TrueScreen provides an all-encompassing solution that blockchain simply cannot match.
For legal, cybersecurity, and compliance professionals, choosing the right notarization tool is essential. TrueScreen offers an optimized, legally valid, and efficient notarization solution that meets the real-world needs of professionals across various industries. With its commitment to sustainability, integration flexibility, and international legal recognition, TrueScreen is the future of digital notarization.
Switch to TrueScreen notarization today and experience a reliable, legally recognized, and cost-effective solution tailored for professionals.