To explain Lux tag real case instance

Technical Discussion
#1

Dear Sirs,
I’ve read the Apostille Whitepaper, but I’m still foggy about
namespaces and mosaics.
Let’s say Ferrari cars would like to use NEM, can you:

Tell the expected namespace operation to create/register
using the NCC or NanoWallet?

Make an example of what would be seen on the website footer
under the Ferrari logo for the namespace? i.e. is it a link?

Estimate the cost per transaction in fiat currency?

Also, do you think the adoption by private companies would
needed a private ledger like Mijin? Why?

Who owns the private ledger Mijin nodes?

Thankyou

#2

Namespaces are great on NEM.

They allow you to have credibillity behind your asset or notarization.

It is like the internet. If you go to www.rolex.com and buy a watch, you can know it was a real Rolex because you bought it from a trusted name.

Likewise, if you get a notarization from “ferrari” on NEM and you look at the Ferrari website and it says, “we use the ‘ferrari’ namespace on NEM” then you can know 100% you have a real notarization certificate on NEM.

Making a namespace on NEM is easy, you can do it in NanoWallet. It costs about $30 a year to rent a name.

For a large company wanting to make a lot of notarizations (more than 10,000 a day), it is probably cheaper to run their own mijin chain and anchor it to the main chain. For a smaller company (less than 1000 a day), it is cheaper to use the main chain.

#3

Good.
Then, in order to publish notarization,
please check if I’m right

  1. Ferrari, or someone acting on behalf, should
    create a wallet, buy XEM and namespace.
  2. with nanowallet, act for apostille notarization
    of, in example, a veichle service manual scan.
    3)a car dealer, wanting to resell the car from an untrusted source, should check notarization.
#4

yes. correct.

#5

Please, another question.
To check notarization, digital data is needed, these
have to be made available to the dealer (in this case).
How would the dealer receive digital data?
may be

  1. The car owner has a key with notarized original
  2. The car itself has a RFID “tag” inside the chassis that can be read by
    NFC (near field communication)?