In-depth study of its implementation principle, blockchain solves the problems of consistency, reliable storage and tamper prevention of multi-party transaction records with machine algorithms through the in-depth application of cryptographic algorithms, specially designed data structures and multi-party identification algorithms, which is naturally closely related to electronic data storage.
First of all, the electronic contract signing record is kept in the * * * account book maintained by many parties, which cannot be tampered with, undeniable and certainly not lost.
Secondly, the electronic contract text and electronic contract elements are encrypted and stored, including the electronic contract participants, and only the participants can decrypt and view them to protect the privacy of the contract parties in data.
Thirdly, the machine strictly follows the predefined rules (smart contract), and it is no longer guaranteed by a paper agreement with a third party. The KYC service based on blockchain automatically checks the validity and identity of the verification certificate, and ensures that the identity of the participants is valid and true on the basis of ensuring privacy.
As a leading electronic contract platform in China, it has been polishing its products for many years, and its all-round layout is intelligent. On the basis of the original two core functions of real-name authentication and contract signing, our electronic contract SaaS product function adds six modules: organization management, examination and approval management, seal management, contract drafting, contract template management and notarization. Previously, we also released many technologies such as handwriting recognition, fragmentation storage mechanism, printing security and anti-counterfeiting. In addition, in view of the lack of online judicial disposal channels and different standards for determining the effectiveness of electronic evidence, we have launched a "real hammer" security system to realize evidence preservation and real-time authentication, and to provide customers with more professional and efficient legal protection services while providing electronic contract services.