The judicial blockchain venue of China has started storing up to 2.6B evidence pieces, as mentioned by a spokesman from Supreme People’s Court. This disclosure was made on Thursday at the press conference, Legal Daily (a local media platform) mentioned in its report. Previously, the attitude of Chinese state institutions towards crypto was very strict as it declared blockchain transactions illegal in 2021.
China-Based Courts Store Data by Using Blockchain Platform
On the 18th of the previous month, the Chinese Hangzhou Internet Court introduced the blockchain judicial venue thereof. In 2021, the court was established in an endeavour to minimize the expenditure to be consumed on dealing with several internet disputes. Thus, the cases usually handled by it were related to e-commerce clashes, contracts inked online, as well as the infringements of internet copyrights.
In June this year, evidence (that was based on blockchain) was initially proposed in the court, and approval was given to it in return. Nonetheless, there was a requirement for a special juridical decision. Hence formerly in September, the Supreme Court formally admitted the acceptance of the blockchain evidence. Keeping in view a blockchain’s nature, which is a consequence of storing data on various servers, a proper source of evidence is secured from being tampered with.
Blockchain deals with a couple of prominent things in the case of internet evidence, taking into account authenticity and security. The blockchain judicial venue has been constructed by Gongdao Network Technology while the technical support is offered by Ant Financial. It permits a consumer to access the Judicial venue as well as utilize the internet to look for as well as discover the evidence.
The purpose at the back of such an act might be to search out those involved in copyright violation or to access an e-commerce website as well as check the details regarding a purchase. The customers can have the proof while the blockchain is responsible for storing a hash thereof. As per Wang Jiangqiao, the court’s executive VP, there is a need for the evidence to experience 4 phases, taking into account creation, storage, transaction, submission, as well as authentication.
Chinese Courts Endeavor to Minimize Several Vulnerabilities of Judicial System Blockchain Technology
The problems dealing with the generation of data are resolved by blockchain via the establishment of the time, person, and place, what took place in advance of and following. The role of a witness is played by a blockchain node. There is a connection between the evidence and the identity of a real person to be validated. In addition to that, several benefits are provided by the venue related to a typical blockchain.
Among them, encryption of the data stored, the capability to have the evidence signed electronically, as well as a great amount of cost savings, are the prominent things. The institutions which would have the opportunity to utilize the respective system take into account the names of Youku, Hangzhou, Xinhua News Agency, and Ant Financial. The target of this initiative is to fortify blockchain applications throughout the judicial world.
