Blockchain + notarization sets off a wave of landings, another example in Shanghai

On January 17, Shanghai Xuhui Notary Office released the "Hui Cun" blockchain electronic data storage platform , which was jointly developed by Shanghai Xuhui Notary Office and Beijing Zhongxiangbit in December 2019. The platform has the function of retaining photos, videos, and other evidence anytime, anywhere. It is more convenient than traditional security methods. The hash of the stored evidence is synchronized to multiple nodes of the blockchain, which ensures that the stored evidence cannot be tampered.

The notary of Xuhui Notary Office in Shanghai and the technicians from Beizhongxiangbit performed a function demonstration at the scene. The "huicun" blockchain electronic data storage platform is mainly composed of a notary's management system and a client. The client is divided into a PC and a mobile phone. The functions of the mobile phone are mainly used to obtain evidence. The work of forensic evidence is mainly to take pictures and videos. The function of the PC is mainly to perform data statistics. After the deposit is completed, a certificate can be generated, showing the account number, time, address, file hash, transaction hash, longitude and latitude, and official seal of the notary office.

Evidence is the king of litigation, but the authenticity of evidence has always been a major problem encountered in judicial adjudication. Li Yunhong, Minister of Intellectual Property Department of Xuhui Notary Office said,

• Listed company's blockchain business dynamics: 7 companies disclosed blockchain dynamics, and 5 new entrants
• The big brothers in the currency circle have shrunk the battlefield, and the popularity of traditional venture capital institutions has plummeted. How will the primary market of the blockchain play in the second half?
• Shanghai Blockchain Industry and Park Development Report: Yangpu District established the first 5 billion-scale blockchain industry guidance fund, which has a good foundation for industrial development

"Simply put, let's say I take a photo casually with my mobile phone today. When I submitted this photo to the court a few years later, the question of how to identify the photo with electronic evidence was actually difficult because the other party might Think the photo is unreal. "

How can the authenticity of electronic evidence be more guaranteed? Blockchain comes in handy. Through the blockchain certificate storage technology, each piece of evidence will be automatically saved after being generated, and the chain will be linked in a timely manner. Each step can be followed and cannot be modified. When the parties obtain evidence, they can call the platform to take pictures or video, and the evidence will be immediately chained, node consensus, and mutual supervision, eliminating the possibility of customer modification and ensuring the authenticity of the evidence. When a party raises objections to evidence, it can be traced back.

In addition to relying on the credibility of the blockchain technology itself, Xuhui Notary Office staff will also conduct legality checks on the applicants for the evidence, the subject qualifications, and the relevance of the applicants to the evidence to ensure the legality and compliance of the evidence. For example, not everyone can register for the "Hui deposit" blockchain electronic data storage platform. They need to be invited by the Xuhui Notary Office, and they can only register after passing the qualification review.

According to the "Intellectual Property Notarization Legal Service Report (2017-2019)" issued by the Shanghai Xuhui Notary Office on the same day, the "Huicun" electronic data platform was first launched in December 2018, and then cooperated with Zhongxiang Bit in December 2019. Developed a trial operation of the "cash deposit" electronic data storage platform based on blockchain technology. The intellectual property team of Huacheng Law Firm has fixed the relevant evidence collection behavior and results during the trial operation.

Yan Ting, CEO of Zhongxiangbit, said that for blockchain startups, only when technology generates business can it land and create value for society. Blockchain can be landed in Shanghai Xuhui Notary Office, it is very difficult, let people see where the blockchain technology is really useful, and it can also stimulate entrepreneurs to find more possibilities for the blockchain technology to land.

According to Babbitt's observations, since 2019, notary offices across the country have overweighted the blockchain, and blockchain technology service companies have become an important force behind it.

In March 2019, the country's first block chain notarization system was launched in Suzhou, which was jointly established by Suzhou Xiangcheng Notary Office and Tongji Blockchain Research Institute.

On April 19, 2019, the nation's first block chain notary was issued and used at the Beijing CITIC Notary Office.

On April 28, 2019, Zhejiang's first blockchain notary system was launched and tested, and it was established by Hangzhou Internet Notary Office in conjunction with FunChain Technology.

In July 2019, the "Judicial Alliance Chain" set up by the Hangzhou Internet Notary Office, the Hangzhou Internet Notary Office's intellectual property service platform was officially launched, and Qin Technology established, supported and maintained it.

In August 2019, the first blockchain forensics notarization platform was launched in South China. This system is supported by blockchain technology provided by Truth Technology and operated by Guangzhou Haizhu Notary Office.

In January 2020, the letter block chain and data storage platform created by the Shanghai Pudong Notary Office was successfully launched for trial operation. It was developed and built by Hangzhou Xiabi Youshen Technology Co., Ltd.

However, many notary offices choose to cooperate with blockchain startup technology companies to build a blockchain certificate platform, but according to Babbitt's understanding, this does not mean that blockchain startups simply rely on strong blockchains. Technical ability can get the favor of Party A. In layman's terms, the purpose of depositing a certificate is to win a lawsuit in the future. This requires the blockchain technology team to have a strong business understanding of judicial knowledge and electronic evidence. Otherwise, when two companies with similar blockchain technology capabilities are bidding, companies with weak understanding of business capabilities will often be eliminated. 2020 will be the year when the blockchain business is launched. Startup companies will have to practice their internal skills and develop comprehensively.

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