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① Has blockchain technology been applied in the field of electronic contracts?

Blockchain technology has long been applied in the field of electronic contracts.
As early as 2016, the third-party electronic contract platform Fada was based on blockchain technology and launched the Fachain certificate storage platform and Alibaba mailbox certificate storage business. Users can synchronously save the characteristic data (including hash values) of important emails to an authoritative third-party agency; once a dispute arises, users can download the full text of the email themselves and compare the original email characteristic data with the previously stored evidence data before sending it to a forensic appraisal agency. After comparison, the corresponding certification and appraisal report can be generated, and users can effectively safeguard their legitimate rights and interests based on this report.

② What is the use of blockchain besides Bitcoin?

Virtual currency is not the only way out for blockchain. Here are a few already implemented and relatively common blockchain applications

Finance

Except for special applications like Bitcoin, in traditional finance In the industry, blockchain technology also has various emerging opportunities. Identity authentication, financial transactions, payment and settlement, and supply chain finance all have their application scenarios.

Because of the non-tamperability of blockchain technology, the trust in the financial industry has been further enhanced. Participants in the chain can query each other's information without having to establish connections through a centralized system. This not only improves work efficiency, but also reduces risks.

Games

The traditional online game industry almost always connects all users together through a server-centered star network. The responsibilities of the server include running applications, transmitting data, saving data and other functions. With the continuous increase of users and the continuous iteration of versions, the pressure on the server and the cost of enterprise investment are increasing day by day.

The distributed computing of blockchain allows each client to undertake certain computing and storage tasks, which not only reduces the pressure on the server, but also further improves data security. .

Electronic Contracts

Traditional paper contracts have disadvantages such as difficulty in confirming the signing identity, easy tampering and loss, and difficulty in management. With the development of the Internet, electronic contracts have played an important role in meeting corporate needs to improve efficiency and reduce costs.

The addition of blockchain technology makes electronic contracts more secure and reliable. Taking the Fada Electronic Contract as an example, through the "Fa Chain" alliance that cooperates with Microsoft (China) and Onchain, important digital fingerprint information on the electronic contract such as the signing time, signing subject, and file hash value of the Fada Electronic Contract will be It is broadcast to the respective nodes of all members. Once all information is stored, no party can tamper with it. At the same time, the hash value information of the file is also simultaneously stored in the national authoritative electronic data forensic identification center, which fully meets the requirements for judicial storage of electronic evidence.

Copyright

Although people’s awareness of copyright isIt continues to be strengthened, but with more and more electronic devices and data transmission becoming more and more convenient today, pirated products are still a worry for creators. What worries the original author even more than piracy is the series of disputes caused by the inability to confirm that he is the original author.

The addition of blockchain makes copyright confirmation more convenient. After the author completes the creation, he can register and store the certificate on the blockchain platform. This kind of time-stamped, non-tamperable certification document can give the creator a higher voice.

Logistics

Nowadays, there are many well-known products that are adulterated or replaced with other items during transportation. Traditional anti-counterfeiting signs have frequently shown a sense of powerlessness in today's world where criminals' technologies are becoming more and more comprehensive.

There are now some large companies that have applied blockchain to logistics and supply chains. Through technology that cannot modify data on a single node, the process in each transportation link will be traceable. There are already cross-border logistics companies in China, which have used this technology to achieve step-by-step traceability of overseas goods, international logistics and import declaration traceability, domestic logistics traceability, and even production enterprise traceability. Such an application will undoubtedly gradually increase consumer confidence and build brand authority.

I believe that in the future, this underlying technology will be used in more industries and scenarios.

③ Can blockchain technology be applied in the judicial field?

On October 13, the Supreme People’s Court answered a question at a press conference on the “Effectiveness of the People’s Court’s Smart Court Construction Work” And: At present, there are more than 2.6 billion certificates stored on the People's Court blockchain platform, and application scenarios such as electronic evidence, electronic delivery storage verification, and tamper-proofing have been implemented. At the same time, the Supreme People's Court focuses on promoting the breakthrough application of key technologies such as judicial blockchain evidence verification, smart contracts, and cross-chain collaboration, and using blockchain technology to improve judicial credibility and efficiency!
Yibaoquan uses the technical characteristics of blockchain such as "decentralization, distributed storage, effective anti-tampering, full traceability, and traceability" to create a judicial blockchain evidence storage system to help notaries, arbitration committees, The Forensic Laboratory realizes the storage and solidification of the entire chain of electronic evidence, making the evidence verifiable, the process traceable, and the results credible. It improves the efficiency of judicial services, reduces judicial costs, and helps judicial services develop towards intelligence.
Zhongzhengbao, a brand of Yibaoquan, can build a one-stop Internet notarization system for notary offices. It uses the underlying technology of blockchain to solidify the key data uploaded by users in the notary office system and put it on the chain as evidence, which can be checked online in real time. , avoid disputes arising from the process of data uploading and storage, improve the legal quality and efficiency of notarization business data storage, and apply for online notarization services such as intellectual property rights and electronic contracts, and issue notarization certificates and notarization custody letters online. Effectively reduce the cost of notarization electronic data storage, facilitate the identification of electronic data evidence, and improve the litigation efficiency of notarization blockchain storage.
Yibaoquan can help the forensic laboratory to be included in the alliance blockchain "Security Chain Open Platform" and become a member nodeOne, using the characteristics of the blockchain such as "decentralization, non-tampering, full traceability, and traceability", the case information, case handling step information, identification opinion information and other data information of the forensic laboratory are uploaded to the chain as evidence. Preservation provides technical support to enhance the accuracy, authenticity and traceability of forensic identification data. At the same time, it can also realize the confirmation and preservation of digital assets, issue judicial identification custody letters online, and conduct notarization and identification of blockchain data online to improve The credibility of electronic evidence.

④ Can Fada guarantee the security of user transaction records

First of all, Fada is the leading third-party electronic contract platform in China, currently mainly for finance, insurance, third-party payment, It provides electronic contract, electronic document signing and certificate storage services to enterprises and individual users such as tourism, real estate, logistics, B2B, B2C, HR, etc., and also integrates judicial appraisal, online arbitration and lawyer services. Because of its convenience, safety and compliance, Fada's products and services have been adopted by Alibaba, Microsoft (China), Ctrip, Tongcheng Travel, Zhongan Insurance, Meituan, 51 Social Security, Kingdee Cloud Home, It is used by many well-known platforms such as Block Box, Touna.com, and Fangduoduo.
As for what the questioner said, whether Fada can protect the security of user transaction records, I think this may be a misunderstanding of our services. However, the use of timestamp technology can indeed record the signing time of electronic contracts. Through some blockchain/certificate storage tools, electronic contracts can also be prevented from being tampered with.

⑤ How to apply blockchain How to apply blockchain

1. Financial field:

Blockchain in international exchange, letters of credit, equity Financial fields such as registration and stock exchanges have potentially huge application value. The application of blockchain technology in the financial industry can eliminate the need for third-party intermediaries and achieve direct point-to-point connection, thereby quickly completing transaction payments while greatly reducing costs.

2. Internet of Things and logistics fields:

Blockchain can also be naturally combined in the fields of Internet of Things and logistics. Through blockchain, logistics costs can be reduced, the production and delivery process of items can be traced, and the efficiency of supply chain management can be improved. This field is considered a promising application direction of blockchain.

3. Public service field:

Blockchain is closely related to people’s production and life in public management, energy, transportation and other fields, but the centralized characteristics of these fields are also It has brought about some problems that can be transformed using blockchain. The decentralized, fully distributed DNS service provided by the blockchain can realize domain name query and resolution through point-to-point data transmission services between various nodes in the network, and can be used to ensure that the operating system and firmware of an important infrastructure are not tampered with, you can monitor the status and integrity of the software, detect bad tampering, and ensure that the data transmitted by systems using IoT technology has not been tampered with.excessive tampering.

4. Digital copyright field:

Through blockchain technology, works can be authenticated, prove the existence of text, video, audio and other works, and ensure the ownership of works. Authenticity and uniqueness. After the rights of the work are confirmed on the blockchain, subsequent transactions will be recorded in real time, realizing full life cycle management of digital copyright, and can also be used as a technical guarantee in judicial evidence collection. For example, MineLabs, a startup company in New York, USA, has developed a blockchain-based metadata protocol. This system called Mediachain uses the IPFS file system to realize copyright protection of digital works, mainly for copyright protection applications of digital pictures.

5. Insurance field:

In terms of insurance claims, insurance institutions are responsible for fund collection, investment, and claims settlement, and often have high management and operating costs. Through the application of smart contracts, there is no need for the policy holder to apply or the insurance company to approve it. As long as the claim settlement conditions are triggered, the insurance policy can automatically settle claims. A typical application case is LenderBot, which was launched in 2016 by blockchain companies Stratumn, Deloitte and payment service provider Lemonway. It allows people to register customized micro-insurance products through the chat function of Facebook Messenger, providing services between individuals. The high-value items exchanged are insured, and the blockchain replaces the third-party role in the loan contract.

6. Public welfare field:

The data stored on the blockchain is highly reliable and cannot be tampered with, so it is naturally suitable for use in social welfare scenarios. Relevant information in the public welfare process, such as donation projects, fundraising details, fund flows, recipient feedback, etc., can be stored on the blockchain and transparently and publicly disclosed conditionally to facilitate social supervision.

⑥ What is the significance of blockchain + electronic contract?

Blockchain has set off a technological wave across the country with its characteristics of decentralization, low cost, high efficiency, safety and reliability. . Moreover, with the support of policies, blockchain technology has developed rapidly in our country and is deeply integrated with all walks of life. Electronic contracts are one of its application areas.

As early as 2015, we established a blockchain team and invested in the research of cryptography, distributed ledger storage structure, consensus mechanism and other core underlying blockchain technologies. , explores the application scenarios of blockchain technology in the legal technology industry, and cooperates with many domestic authoritative judicial appraisal institutions and notary offices to build a certificate storage alliance chain. At present, the law school mainly applies blockchain technology to electronic data distributed certificate storage Fields include contract storage, email storage, document storage, structured data storage, etc.

At present, we mainly apply blockchain technology to the field of distributed electronic data storage, including contract storage, email storage, file storage, structured data storage, etc.

2019 New Year 1On February 20, we successfully settled in the SOHO China 5G Laboratory, becoming the only platform in the domestic electronic signature industry to settle in the laboratory.