Blockchain application development makes online shopping disputes more convenient

Time:2021-5-5

With people’s more and more in-depth understanding of blockchain technology, blockchain application development also has more landing areas. Recently, Hangzhou Internet court announced that the country’s first judicial application of blockchain smart contract is online, which means that the development of blockchain application has begun to be implemented in the judicial field, and also makes it more convenient to safeguard the rights of online shopping disputes.

In fact, the application of blockchain technology in the judicial field has a long history. In September last year, the Internet court has launched the judicial blockchain, and the total number of certificates deposited is more than 1.98 billion. This time, the blockchain smart contract technology is the “version 2.0” of judicial blockchain. Now this technology has been applied in the field of online shopping and Internet finance.

The process of consumer online shopping is the process of signing a contract with the platform. Whether it is the content of the contract or the signing process, each step and node will form a hash value (exclusive code), which will be completely uploaded to the judicial blockchain. When the smart contract on the chain begins to execute, the next step will become smart. If the parties do breach the contract, they will enter the diversified dispute resolution procedures, and the mediation agencies will intervene. The relevant mediation data will also enter the judicial blockchain for evidence storage, and will be pushed to the litigation platform of the Internet court in the litigation stage.

The emergence of smart contracts makes all the information uploaded to the blockchain transparent and tamperable. This kind of office process makes the notary office, forensic center, court and other witnesses witness, greatly reducing the cost of rights protection. At the same time, it also promotes the reconstruction of the credit system. The smart contract of judicial blockchain has set up “credit blacklist” and “credit white list”.

Once the parties trigger the red line set by the smart contract, they will be automatically included in the “blacklist”, and users on the blacklist will be restricted or prohibited from using the relevant services provided by members of the credit union. White list users can get lower signing threshold and exclusive preferential price. In the next step, Internet courts will strive to achieve smart contracts in all areas of centralized jurisdiction.

Then, there is still a very broad space for blockchain application development. This technology has become the research object in many fields. Based on its own characteristics, blockchain will truly subvert the world in the near future and become another technology after the Internet.

The application and development scenarios of blockchain are very extensive, which can be deeply applied to financial services, health care, IP social management, culture and entertainment, copyright, education, Internet of things, communication and other fields, enabling entity enterprises and helping traditional enterprises to reform and upgrade.

The application of blockchain technology in the judicial field not only reflects the advantages of blockchain technology, but also shows that blockchain can be widely used. The industrial chain ecology of blockchain is gradually forming, which has become a subversive and strategic key supporting technology, and also an important technology to promote the integration and development of digital economy and real economy.