What Does Evidence-style Mean (Does Evidence Cloud Have Legal Effect)?

08/16/2023 00:04 • Digital Disruptors • 66 views

What does evidence-style mean? What does evidence-style mean?

In the legal field, blockchain technology is an emerging technology that can solve the problem of information silos on the Internet. By encrypting various node data in a computer network and uploading it to an electronic ledger, it can be recorded and made public. The advantage of this approach is that it allows each participant to transact and be rewarded.

For example, Bitcoin is a virtual commodity; and if someone believes that the value of Bitcoin held by someone is not enough to pay interest, then Bitcoin cannot meet this demand (referring to lack of practical use). This means that after a user purchases the asset, they can use it as collateral to borrow other currencies or use it as an investment and other financial instruments to earn returns. However, because Bitcoin itself does not have security attributes corresponding to any economic activities, it cannot receive corresponding protection.

Therefore, we have a certain understanding of what evidence-style means. What is evidence-style? In fact, it is determined according to the judge’s regulations, and it is completely open source. That is to say, as long as someone wants to use their intellectual property and has certain rights and obligations, they can submit an application or a request to the court, etc. (Note: 1. The application belongs to the patent type defined under the scope of laws and regulations, namely “company,” usually referred to as “contract.” But generally speaking, the term “contract” refers to a digital document independent of the law issued by a specific institution. For example, the “official seal” and the provisions of the “Civil Code” ( Article 225 of the Penal Code). These are protocol formats based on computer systems, which contain the content of ownership.

2. What are the characteristics of evidence-style?1. Verifiability means that when the parties sign an agreement, one party can choose whether to have evidence.2. “Dispute” refers to the disputes that occur during the litigation process, such as the arbitration commission deciding to entrust the defendant to make a judgment on behalf of others. The arbitration commission decides whether to agree with the plaintiff’s proposed mediation plan.3. Immutability means that before the case occurs, both parties may not refuse to pay the compensation provided by the other party, even if an agreement is reached, the original commission can be revoked.4. “Enforceability” means that after the expiration of the performance period specified in the contract, the parties can still make compensation decisions under the premise of fulfilling the contractual obligations in accordance with this clause.5. Characteristics of invalidity and invalidity.

Does Evidence Cloud Have Legal Effect?

In China, evidence cloud technology has already started to be applied.

On August 7, 2017, the National Internet Information Office issued the “Regulation on the Management of Blockchain Information Services,” which clearly requires localities to carry out the filing and licensing review of blockchain information services; in June, the Ministry of Industry and Information Technology and the China Banking and Insurance Regulatory Commission jointly issued a notice on “Organizing the Application for National Blockchain Industry Innovation and Development Pilot Areas”, providing support for qualified projects such as qualification certification certificates and electronic credentials.

However, it is worth noting that since 2019, the promotion of digital evidence technology in related fields in China has still remained at the conceptual level.

According to statistics, the number of new data in China in 2019 was about 90,000, with the highest growth rate in 2018 exceeding 200%, and the first quarter of 2019 decreased to nearly 20%. (Sina Finance)

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What Does Evidence-style Mean (Does Evidence Cloud Have Legal Effect)?

Does Evidence Cloud Have Legal Effect?

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