40 companies have used the Shanghai blockchain notary platform to handle more than 3,000 cases since its launch in January.
Jimman said Hui Cun platform (powered by Shanghai Xuhui Notary Public) is a blockchain-based electronic data storage protocol that performs authentication functions. It stores images, videos, and screenshots on the platform via the blockchain network. These files are then saved for use in litigation.
The Shanghai Xuhui Notary Office claims that the platform allows them to store evidence and reduce documentation costs by an average of 44%.
Ban Hao, Director of the Xuhui State Notary Office, commented on the blockchain platform:
Electronic evidence stored on Hui Cun platform, since its authenticity is guaranteed, also provides the court with a platform to promote the use of new technology in evidence collection, research and research to prove the authenticity of evidence in evidence, and to aid court progress. To break down facts about hard-to-discover intellectual property. ”
Last June, authorities in Suzhou, China, announced a blockchain-based pilot program that will provide notary services to the region. The program aims to help millions of citizens access legal and public institutions via the Internet, and covers services related to personal freedom, life, health, property rights, and more.