There are already 3,000 cases managed by the platform in the city of Shanghai alone.
Since last January, 40 companies have used a blockchain notary platform in Shanghai to handle over 3,000 cases.
According to the information portal Jiemian, the „Hui Cun“ platform, managed by Xuhui Notary Public in Shanghai, is a blockchain-based electronic data storage protocol that performs notarial functions. It allows images, videos and recordings to be stored on the platform via a blockchain network. These files are then stored for use in case of disputes.
The public notary registry in Shanghai claims that this solution allows evidence to be stored transparently and reduces costs by an average of 44%.
Pan Hao, director of Xuhui Notary Public, commented:
„The electronic evidence stored on the Hui Cun platform, as its authenticity is guaranteed, helps courts to promote new technologies, ensure the authenticity of evidence in court and prove intellectual property violations, which are notoriously difficult to prove“.
As early as June this year, the authorities in Suzhou, China, announced a blockchain pilot project to provide notary services in the region. The aim of the programme is to help millions of citizens access legal and government offices via the internet, providing services related to personal freedom, life, health, property rights and more.