Blockchain technology is favored by the market because of its features such as reducing intermediate links, reducing fraud caused by data consistency, improving business efficiency and speed, reducing counterparty risks, increasing revenue, and saving costs.

Taking a closer look at its implementation principles, blockchain uses machine algorithms to solve the problem of consistency and reliability of multi-party transaction records through in-depth use of cryptographic algorithms, specially designed data structures and multi-party authentication algorithms. Storage and anti-tampering issues are naturally closely related to electronic data storage.

First of all, electronic contract signing records are stored in a shared ledger maintained by multiple parties. They cannot be tampered with, cannot be repudiated, and of course will not be lost.

Secondly, the electronic contract text and electronic contract elements are encrypted and stored, including the participants of the electronic contract. Only participants can decrypt and view the data to protect the privacy of the contracting parties.

Thirdly, the machine strictly executes according to the predefined rules (smart contract) and no longer relies solely on an agreement with a third party to guarantee it. The blockchain-based KYC service automatically checks and verifies the validity and identity of the certificate, ensuring that the identity of the participants is valid and authentic while ensuring privacy.

As the leading electronic contract platform in China, we have been continuously polishing our products over the years and deploying intelligence in an all-round way. Our electronic contract SaaS product function, based on the original two core functions of real-name authentication and contract signing, adds six modules: organization management, approval management, seal management, contract drafting, contract template management, and notarization and storage. Earlier, we also released a number of technologies such as handwriting recognition, fragmented storage mechanism, and text and print security and anti-counterfeiting. In addition, in response to problems such as the lack of online judicial processing channels and different standards for determining the validity of electronic evidence, we have launched a "real hammer" preservation system to achieve evidence preservation and real-time issuance of certificates. While providing customers with electronic contract services, More professional and efficient legal protection services.