Blockchain judicial deposits are becoming more and more popular, and traditional Internet companies are entering the market.

Compared with other applications in the blockchain, blockchain is more widely used in the field of judicial deposits.

On June 28, the G20 Chinese spokesperson said at the Chinese and foreign media briefings held by the Ministry of Foreign Affairs that the G20 is also concerned about the application of new technologies in the financial sector, including digital currency, encrypted assets, etc. China should say that it is doing this. better.

In fact, China has indeed developed rapidly in the application of blockchain technology. It is understood that up to now, blockchain technology has been applied in many fields such as traceability, supply chain finance, and judicial deposit.

According to the chain of finance, the blockchain is more widely used in the field of judicial deposits than in other areas of the blockchain.



On July 10th, the judicial blockchain application ecological service platform “to the letter chain” was officially released. It is understood that the platform will officially begin to provide services in August this year.

"To the letter chain" China Electronic Technology Network Information Security Co., Ltd., Tencent and Beiming Software Co., Ltd. jointly released.

According to official information, the “chain of letters” can realize the credible circulation of value data (electronic evidence) throughout the life cycle, so as to organize the judicial ecological multi-party coordination through the flow management of electronic evidence, thereby realizing the data confirmation of enterprises. Collaborative certification by judicial aid agencies and rapid ruling by the judiciary. “To the letter chain” helps improve government governance efficiency and reduce costs.

In addition to Tencent, the comprehensive financial information on the chain has learned that many traditional Internet giants such as Ant Financial and Jingdong have focused on the blockchain judicial deposit. In addition, local courts are also unwilling to lag behind and actively use blockchain technology to accelerate the construction of smart courts.

According to the latest data, at least seven provincial and municipal courts across the country have applied blockchain technology in judicial deposits.

In October 2018, the judicial blockchain of the Hangzhou Internet Court was officially launched. According to public data, the judicial blockchain has collected 390 million pieces of electronic data in October 2018. The country’s first application of blockchain technology Court. Ant Financial is its partner.

On December 22, 2018, the Beijing Internet Court “Tianping Chain” was officially released. In addition, the Guangzhou Internet Court officially launched the “Netcom Law Chain” on March 31, 2019, and the “Netcom Law Chain”. The electronic data of deposits has exceeded 5.45 million.

In April 2019, Jingdong Group and Guangzhou Internet Court signed a cooperation agreement on “trusted electronic evidence platform” and “judicial credit co-governance platform”.

The judicial depository structure has been initially established.


The head of the Information Security Division of the Supreme People's Court Information Center, Xinjiang Bright, said on July 10 that the current level of wisdom in China's judiciary has reached the forefront of the world. Among them, the blockchain judicial deposit is an important part. At present, whether it is the legal level, the technical level or the practical application level, the blockchain technology has initially constructed a certain structure in the judicial deposit.

On September 3, 2018, the Supreme People's Court of China promulgated the Provisions of the Supreme People's Court on Several Issues Concerning Internet Trial Cases (Law [2018] No. 16) (hereinafter referred to as the "Regulations") by the Supreme People's Court Judging Committee No. 1747 The meeting was adopted and implemented from September 7, 2018.

According to reports, the Regulation is the first time that the Supreme People's Court has made a judicial interpretation of the authenticity of electronic data stored in blockchain technology. After the implementation of this regulation, the legal effect of the blockchain deposit is further confirmed in China.

Following the implementation of the “Regulations” on September 7, 2018, on June 14, 2019, the “White Paper on the Application of Judicial Deposits in Blockchain” was officially released.

It is understood that the white paper is guided by the Information Center of the Supreme People's Court, led by the China Information and Communication Research Institute and the Shanghai Higher People's Court, and jointly initiated by six provinces and municipal high-level people's courts and three Internet courts.

In addition, the white paper also sets the technical standards for blockchain judicial deposits. The blockchain can provide a standardized data storage format, original data guarantee, secure storage, and traceability in the depository link; the node mechanism can ensure the authenticity of the data on the chain during the forensic link; and the smart link can be used in the demonstration link. Conduct a demonstration.

However, although the current blockchain judicial deposit has gradually become popular, the use of electronic evidence still faces great challenges in judicial practice. According to the White Paper on the Application of Judicial Deposits in Blockchain, the challenges currently faced are mainly as follows. First, the centralized storage method is insufficient to prevent tampering, and it is difficult to distinguish whether the evidence has been tampered with. Second, At the time of evidence collection, if the original evidence and equipment are separated, the effectiveness of the evidence will be greatly lost. Third, in the demonstration, many times it is difficult to pass the electronic channel, usually need to be printed and converted into a documentary certificate, which may not only lose part of the content, but also determine the cost. It is also higher. Fourth, when the evidence is presented, it is easy for the content of the evidence from both sides to differ. It is difficult to determine whether it is wrong or not. Therefore, the court's determination of the "three sexes" of electronic evidence becomes very difficult.

Source: Finance and Economics Network on Finance

Author: Wu Yingjun

We will continue to update Blocking; if you have any questions or suggestions, please contact us!


Was this article helpful?

93 out of 132 found this helpful

Discover more


Cardano (ADA) Adoption Surge: A Bullish Sign for Future Price Levels 🔥💰

Exciting possibilities lie ahead for Cardano (ADA) as it shows promising signs of surpassing current price levels, ba...


The Drama Behind Bitcoin ETF Approval: What You Need to Know

Although the spot Bitcoin ETF decision may potentially result in a sell the news situation, alternative cryptocurrenc...


Is CoinDesk selling at a loss with a valuation of $125 million after being in business for ten years?

On the occasion of its tenth anniversary and after being held by DCG Group for eight years, CoinDesk, the cryptocurre...


Evolution of demand, yield, and products in the ETH Staking market after Shanghai upgrade

Currently, we are still in the dividend period of ETH Staking, so it is advisable for ETH holders to participate in S...


Cardano's DeFi Ecosystem Flourishes Total Value Surges to Almost $450M as ADA Rockets 17% on Layer 1 Push!

This week, the total value locked (TVL) of Cardano-based tokens skyrocketed to more than $440 million, surpassing the...


Analysis and Commentary: The Fate of Bitcoin ETFs and Cryptocurrency Performance

After a period of significant growth in the crypto market, traders were briefly shaken by a report causing a halt in ...