Yesterday it was
reported that China’s leading search engine Baidu has launched a blockchain solution for legal arbitration. It aims to ensure electronic evidence is trustworthy, accurate, and safe from tampering. The platform also allows for secure storage and transmission of data.
The firm claims that it is the first electronic evidence platform using 5G network slicing, which allows virtual networks to run on top of the super-fast mobile network. The platform was built with the Qingdao Arbitration Commission and was mentioned at
a press conference two weeks ago. The organizations reached an
agreement earlier this summer.
China is one of the world’s most active users of arbitration for dispute resolution. Online mediation, for disputes in finance or ecommerce where documents are easily digitised, is also becoming more popular. The country’s Wuhan Arbitration Commission
issued new guidelines for implementing the service last month.
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