The Notary in the Third Millennium, from the sharing economy to the blockchain - CONCLUSIONS
The Notary in the Third Millennium, from the sharing economy to the blockchain
Notary in Milan
What then is the added value that the notary is able to offer in this economic context? Help, security and guarantee.
The notary will have to continue assisting the parties, particularly the "weaker" participant with lesser capacity and skills and hence with weaker bargaining power, carrying out its adaptive function, seeking to do what no machine or technology is able to do: to interpret the parties' wishes and translate them into stable and long-lasting clauses, capable of standing firm and resist the pressures of disputes between the parties.
Notaries in the world must be aware of their strong points, looking at the new technologies and the new contractual forms as an opportunity to exploit in order to highlight their utility. The degree of security that the notary is able to offer, or rather the overall system of which the notary is the main element, is undoubtedly very high. In all cases in which there has been a deregulation of transactions, perhaps by eliminating the involvement of the notary, consumers have had no economic benefit and fraud and fraudulent operations have increased. But what has suffered the greatest damage is precisely the whole economic system because security in commercial traffic, guaranteed by the notary of Roman origin, is a precious asset in economic terms too, saving judicial costs and tending to counteract information and contractual asymmetries.