Quick Intake
Blockchain-Based NOTARY services.
Yes, You heard it Right! There is no Area/Industry where blockchain haven’t captured.
In this article, SUZHOU, a province in China has established blockchain-based Notary services to its citizens. Millions of citizens Now can access legal and government offices via the internet.
All you have to do is to provide the audio and video evidences /attachments to the govt who will verify the same and store them in Immutable Database (Blockchain) thus provides the Notary Services with those Immutable proofs.
Apart from this as the records are Immutable, true and fair Governance is achieved thus providing Transparency and More Accountability to all the Participants in the Notary Process
Happy Reading…
Suzhou wants to implement a blockchain-based pilot program to use real-time notarial tracing functions across the country.
Local media outlets are reporting that a blockchain-powered pilot program will provide a wide range of notary services in Suzhou, China.
According to China Quality News, authorities of Suzhou announced on June 5 that this program aims to help millions of citizens access legal and government offices via the internet.
The pilot platform, created by the Suzhou Municipal Market Supervision Bureau and the Suzhou Municipal Bureau of Justice, will cover personal freedom, life, health, property rights, and more.
Blockchain-based cloud network to distribute files
All the materials will be available through the cloud. Audio and video records will be shared among notaries involved for legal purposes, thus facilitating the use of real-time tracing functions.
The network will be called the “Suzhou Notary Chain.” It will allow the administrative law enforcement unit to use the system for online notarization and will carry out the entire process through shared files on the cloud platform when a dispute occurs.
Unlike the conventional method of storing audio and video files within a law enforcement database, the blockchain-based notary services platform will process everything from recording to distribution. This will guarantee “easy data storage, high security, non-tampering, and traceability, which will improve the transparency of the administrative law enforcement.”
China’s blockchain adoption status
China continues to take essential steps to adopt blockchain technology in the country and implement related systems in different sectors of the economy.
Cointelegraph recently reported on a pilot program launched in Hainan’s province that aims to strengthen cross-border payments via blockchain technology.
On June 2, Chinese authorities released a master plan for making Hainan a free trade island that encourages institutions to use blockchain in transforming government function.
