• Fri, 24 May 2019, 09:56 PM
  • All times are UTC
  • Edition:
Link copied

China opens first blockchain-powered notary office in Beijing

Tue, 23 Apr 2019, 09:15 am UTC

China has opened its first blockchain-based notary offices in Beijing, Cointelegraph reported referring to a report from People.

The service was reportedly launched last Friday at the Beijing CITIC Notary Office. It will allow certificate holders to verify the contents of the document by scanning a code.

An official said the move marks “the beginning of a new stage in the development of the notarial certificate and the official opening of the blockchain notary service era.”

Wang Mingliang, the director of the Beijing CITIC Notary Office, believes that blockchain-based notarization has the value of notarization as well as the legal significance of blockchain certification. He added that blockchain technology and notarization have “common complementarities and can be used to well complement each other.”

Integrating blockchain technology with notarization process is expected to help prevent forging of documents, and thwart fraudsters to benefit from informational asymmetries.

Recently, the Chinese city Guangzhou issued a blockchain and artificial intelligence (AI)-powered business license at the administrative center of Huangpu District.

<Copyright © TokenPost. All Rights Reserved. >

The commenting service is available only after having logged in.
  • Bitcoin (BTC) $8,067.93 (+2.41%)
  • Ethereum (ETH) $251.84 (+2.72%)
  • XRP (XRP) $0.389700 (+2.58%)
  • Bitcoin Cash (BCH) $413.03 (+2.78%)
  • Litecoin (LTC) $100.55 (+13.23%)
  • Bitcoin (BTC) $8,067.93 (+2.41%)
May 24, 2019 (Friday)
Crypto Technicals: ETH/USD retraces above 1H 200-SMA, 'Hammer' on daily charts signals further gains
German engineering giant Bosch trials Ethereum blockchain
Crypto Technicals: BTG/USD grinds higher along 21-EMA, breakout at 61.8% Fib (25.74) will accentuate gains
Bank of Russia to review proposal on gold-backed cryptocurrency
Blockchain software firm Unstoppable Domains raises $4M from Draper Associates, Boost VC
Crypto Technicals: LTC/USD bounces off 21-EMA support, next bull target $109
Robinhood Crypto is now in New York
Facebook to launch its cryptocurrency 'GlobalCoin' in Q1 2020: Report
California resident sued for alleged $26M crypto Ponzi scheme
AT&T teams up with BitPay to become the first telecom to accept cryptocurrency payments
Rep. Swalwell accepting bitcoin donations in bid for US presidency
Grayscale receives FINRA approval to open Ethereum Trust to individual investors
Indian telco Airtel selects IBM for blockchain-based pan India anti-spam call solution: Report
Binance CEO CZ seeks compensation for reputational damage from Sequoia
Overstock.com’s blockchain subsidiary signs MOU with Lusaka city to develop land governance platform
Toyota, University of Tokyo, TRENDE to start testing blockchain-based electricity trading solution
Russia's NSD to roll out security token blockchain in June
May 23, 2019 (Thursday)
Crypto Technicals: IOT/USD holds 21-EMA support, retrace till 0.3185 (200-DMA) likely on break below
Coinstar extends bitcoin buying service to 21 US states
Crypto Technicals: BTC/USD bounces off session lows with 'Hammer' formation, bias neutral
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.