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Beijing welcomes China’s first blockchain-enabled notary offices, as reported by local media People on April 19. The service reportedly opened last Friday at the Beijing CITIC Notary Office.
Per the head of the office, the development marks the beginning of the blockchain notary service era. The director of the Beijing CITIC Notary Office Wang Mingliang stated during the launch event, that he believes that blockchain-based notarization has both the value of notarization and legal significance of blockchain certification.
A professor at the School of Business of China University of Political Science and Law, Hu Jiyu is quoted in the report stating the advantages of Blockchain, i.e. low cost, high efficiency, and stability.
The newly implemented system will basically allow the certifi...
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