40 companies have used Shanghai’s blockchain-powered notary platform to deal with over 3,00zero instances since its launch in January.
Based on Jiemian, the “Hui Cun” platform (which is managed by Shanghai Xuhui Notary Public) is a blockchain-based digital information storage protocol that workout routines notarization features. 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 mean 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 appliance 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 information are tough 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 providers. This system allegedly goals to assist thousands and thousands of residents entry authorized and authorities workplaces through the web, and covers providers associated to non-public freedom, life, well being, property rights, and extra.
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