In order to supervise the behavior of online lending agencies, the financial office of Zhejiang province studied and drafted the regulation of supervising online lending agencies' behavior in Zhejiang province and the register and record regulation of online lending agencies in Zhejiang province. In chapter two, the seventh rule shows: when a startup company applies for registration as an online lending agency, it needs to submit a protocol copy of delegation contract with the third party of digital data proof platform. Besides, in 2005, the law of digital signature has been published which has acknowledged its legal status; and in 2015, the State Administration of Taxation introduced the action plan of "internet + taxation" to promote the revolution of invoice changing from paper into digital.
With the development of informatization and the change of financial ideology, it is the trend that digital certificates will replace paper certificates. However, the electronization of certificates is still in growing stage. Nowadays, digital certificates rely on the third party's credibility and a centralized structure, which could be lost or tempered. Therefore, lack of trust has hindered the development of digital certificates
Fortunately, based on the blockchain technology, the reliable digital certificates could exist. These certificates could not be tempered in each procedure, including network transmission, local repository, search and download. The blockchain technology provides the way to verify the validation of digital certificates and use the timestamp to solve the trust problem.
Shuqin Tech has developed an opening-service interlayer that has combined with blockchain technology and overcome the performance and efficiency problem in public blockchain. Based on this technology, BaoQuan.com has been established as a platform for providing service of reliable digital certificates. It has solved the bottleneck of the fin-tech industry and established a platform for third-party certificates. In the meantime, it has built a bridge between blockchain's credibility and project's jurisdiction forming a connection model among blockchain, judicial expertise, notarization, and arbitration. BaoQuan.com is the first online service platform in digital data preservation with judicial recognition. BaoQuan.com has reflected the relationship between the bit world and the atomic world, and promoted the development of social credit system.
With the development of blockchain technology, the application of BaoQuan.com has increased, but to achieve the sustainability, it is important to return the value of blockchain. Shuqin Tech has made a great effort on analyzing the underlying technology and eco-system of the blockchain. Gao Hang, the CEO of BaoQuan.com said, in the ultra-intensive connection and fast evolutionary era, the aim of Shuqin Tech has never changed- protecting the health of big-data. The service of reliable digital certificates was permanent free in BaoQuan.com.
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