It is a decentralized application, used to convert an event into a recorded entity, could be used as a ‘legally significant’ evidence. By adopting this technology anyone can secure their verbal, written or any form of commitments and produce them before a court if needed. It uses blockchain’s remarkable feature to make immutable timestamped records.
The application has been developed for iOS, Android, web and messenger compatible variants to make it user-friendly and adaptive. For example, individuals can certify their web content and secure the right to ownership. Because of the time-stamped records, content is secured from plagiarism.
The ecosystem comes into play in our domestic verbal commitments where we only say ‘Yes’ or ‘No’ to something but the problem with such commitments is that they can’t be traced or proved in the court of law because they are not recorded and certified. In this application, users can activate the audio function before making such statements and record and certify them to make a legal binding.
Similarly, it features video recordings for the same purpose. All of these features are amazing and deal with the lack of trust factor between the parties coming into agreement. Considering all these points, it can be confidently said that SNTR will be growing in the future.
Silent Notary prediction might not encourage users to jump into this platform because of lack of blockchain adoption and use in legal matters. The value of the coin depends on the utility that the corresponding platform serves and it seems to be lacking the charm, as expected by most of the mainstream users.
SNTR price might not grow in the near future. But we suggest that everyone should do an individual research as well before making any investment decision.
There are pros and cons to everything that we come across and same holds true for the coin in the discussion. The market cap of this digital currency is low which makes it vulnerable to manipulations and thus making it unsafe for the traders. Another weak point of this ecosystem is directly related to lack of use of blockchain in our legal matters.
The information stored on the blockchain is intended to be used as a legal evidence but this practice is not adopted in the actual legal matters so far. The rate of adoption will grow as people become familiar with blockchain and processes get revolutionized. There is no other significant weak point of this currency.
Silent Notary forecast is bearish and as uncertain as of any other digital currencies because we know that these coins are speculative and their value does not often depend on a rationale.
With a low market cap, it is likely that SNTR will go broke, but it should not be considered as a conclusive piece of advice for investors. Most of the predictions often tend to vary if considered in the long term.