Blog: China’s First Blockchain-Enabled Notary Opens Office in Beijing
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China’s first blockchain-enabled notary has opened offices in Beijing, local media People reported on April 19. The head of the office reportedly stated that the development marks the beginning of the blockchain notary service era.
During the launch event, the director of the Beijing CITIC Notary Office Wang Mingliang noted that he believes that blockchain-based notarization has both the value of notarization and legal significance of blockchain certification. Hu Jiyu, a professor at the School of Business of China University of Political Science and Law, is also quoted stating that blockchain has the advantages of low cost, high efficiency and stability. Blockchain integration in the notary industry will purportedly prevent the forging of documents, and prevent fraudsters from taking advantage of informational asymmetries.
As Cointelegraph reported earlier today, the Chinese city Guangzhou has issued a business license using blockchain and artificial intelligence (AI) technology. The license was issued at the administrative center of Huangpu District, Guangzhou, and reportedly represents the first blockchain and AI-powered business license in China.