40 companies have used Shanghai’s blockchain-powered notary platform to deal with over 3,00zero instances since its launch in January.In line with
40 companies have used Shanghai’s blockchain-powered notary platform to deal with over 3,00zero instances since its launch in January.
In line with Jiemian, the “Hui Cun” platform (which is managed by Shanghai Xuhui Notary Public) is a blockchain-based digital knowledge storage protocol that workout routines notarization capabilities. It shops photos, movies, and display screen recordings on the platform through a blockchain community. These information are then preserved to be used in litigation.
Shanghai’s Xuhui Notary Public Workplace declare that the platform permits them transparently protect proof, and drop notarization prices by a median of 44%.
Pan Hao, director of the Xuhui Notary Public Workplace, commented on the blockchain platform:
“The digital proof saved on the Hui Cun platform, as a result of its authenticity is assured, additionally offers a platform for the courtroom to advertise additional the applying of latest applied sciences within the assortment of proof, discover and analysis to resolve the authenticity of proof in proof, and assist to advertise the courtroom to crack Mental property details are troublesome to search out out.”
Again in June, authorities of Suzhou, China additionally introduced a blockchain-powered pilot program that may present the area with notary companies. This system allegedly goals to assist tens of millions of residents entry authorized and authorities workplaces through the web, and covers companies associated to non-public freedom, life, well being, property rights, and extra.