The Supreme People’s Court of China urged the local judicial system to adopt blockchain technology to build up connections between courts across the country by 2025.
Fast facts
- The Supreme Court said in a document published on Wednesday that blockchain can utilize the verification and sharing of judicial data, legal documents and reports.
- The document noted that there are over 2.2 billion pieces of judicial certificates stored on the blockchain.
- The Supreme Court said blockchain will improve efficiency across judicial processes such as case filing, information query and verification, and communication between different judicial systems.
- The Supreme Court also proposed establishing cross-chain collaborations between court, law enforcement, and regulators.
- The document also said the court should collaborate with various blockchain platforms to improve intellectual property protection, business environment optimization, corporate bankruptcy and reorganization, and social credit system.
The article is originally published in Yahoo Finance