China has been making advancement in the deployment of disruptive technologies to deliver public services to its citizens, as the city of Suzhou initiates blockchain notary service. This initiative confirms the governments drive to digitize public services and improve government efficiency.
Suzhou is the first City in the country to digitize notary services using blockchain technology and create a model to process administrative law enforcement via blockchain. The Suzhou Municipal Justice Bureau created the model, while the Municipal Market Supervision Administration helps ensure the authenticity of the evidence is reliable.
The city of Suzhou has been exploring for a long time in the field of "Blockchain + Notarization", and has accumulated substantial technical and practical experience. Previously, the City had landed the country's first blockchain notarization system and established the alliance chain "Suzhou Notarization Chain."
It is worth noting that the critical role of blockchain in the legal field has also received the attention of the Supreme People's Court. A recent report released by the Supreme People's Court showed the achievements of blockchain to include the building of a national unified judicial blockchain platform.
Any reason for starting this project in Suzhou?
The city has many advantages in the development of industrial blockchains. Wu Tong, deputy director of the CECBC Blockchain Special Committee of the Ministry of Commerce and Dean of the School of Digital Economics and Business, stated some of these in an interview with a reporter from the Securities Daily.
First, Suzhou has a relatively developed economy and a high degree of marketization.
Also, Suzhou is the frontier of reform and development. Sino-Singapore Suzhou Industrial Park is a representative product and has a great tradition of change and innovation.
In conclusion, Suzhou has a high degree of digitization. The fast pace of the digital industry has laid the foundation for the development of industrial blockchain.
Source: Cointelegraph
