Why is blockchain certification technology so complicated (Blockchain certification process diagram)

08/15/2023 14:40 • Daily Digest • 101 views

Why is blockchain certification technology so complicated? There are many issues associated with blockchain, such as data security, tamper resistance, and immutability. However, these issues can be resolved. For example, can we ensure that information published or disseminated on the internet cannot be tampered with? This has led to a lack of understanding about the nature of this issue – how the legal effect of electronic evidence can be guaranteed. This situation is achieved through a series of codes related to a person or a company’s business processes, known as the “Judicial Alliance” or the network court system. For a programmer, if they want to place their product on the blockchain and use it, they need to be responsible for the software version and programming language proficiency.

Although this technology is still in its early stages of development, its application scenarios are extensive and continuously expanding. In traditional electronic contract services, due to inconsistencies in the content of agreements signed by both parties and the lack of standardized norms, effective implementation is difficult. In traditional electronic litigation, because there is a lack of clear legal relationships among the parties involved, it is also difficult to establish reasonable regulations and rules, leading to disputes and controversies.

Based on this characteristic, blockchain certification technology is highly efficient and secure, as it can help organizations or individuals quickly obtain relevant information and clues about cases. In addition, the emergence of blockchain certification technology also provides opportunities for various new formats, including the upcoming Ethereum 2.0 upgrade, automatic updates of smart contracts, encryption algorithm innovations, etc., making the development prospects of the blockchain industry even broader. As a new form of digital currency, blockchain not only enables decentralized peer-to-peer transactions but also allows users to participate in the circulation of digital assets. Moreover, this technology itself is a brand-new achievement, making it more practical, operational, and reliable. (Chain Tower Think Tank)

Blockchain Certification Process Diagram

Recently, the Beijing High People’s Court released the “Blockchain Certification Process Diagram: From Collection of Evidence to Presentation of Evidence – Judicial Application” guide for the construction of an electronic evidence platform. The document mentioned, “Based on the known data on the chain, there are multiple aspects that need to be addressed in judicial practice: material, time, and location within the case; processes and methods involving over 100 individuals.”

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Why is blockchain certification technology so complicated (Blockchain certification process diagram)

Blockchain Certification Process Diagram

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