Tencent's electronic signature explodes: what role does blockchain technology play in it?

Original title: "Tencent Electronic Signature Explosion: What role does blockchain technology play in it?" "

Original source: Black Ben Technology

For many people, borrowing money is is a disturbing thing. Risks follow from the moment the money is lent out. Is the IOU with fingerprints useful? What to do if the IOU is lost. What should I do if I encounter a "disgusting" tool such as "writing disappearing pen". The newly launched "Small IOU" function in WeChat is expected to solve these problems. Through Tencent's electronic signature applet, legally valid IOUs can be quickly issued. At the same time, blockchain technology ensures that the content of the IOU is safe and cannot be tampered with. Disputes can also be resolved. as valid electronic evidence.

On July 28, Tencent Electronic Signature launched the "Small IOU" function. Through the "Tencent Electronic Signature" WeChat mini-program, users can quickly issue a legally binding IOU. This is another product launched by Tencent E-Sign following the functions of "Small Receipt" and "Small Contract-Individual Rental Contract". It aims to provide standardized and convenient electronic contract services for inter-personal lending activities.

After experience, it is found that the user opens the "Tencent Electronic Signature" applet on WeChat, selects the IOU function, and then enters the identity information of both parties, the amount, the reason for the loan, and the interest rate , repayment time, repayment method and other information, Tencent e-sign will generate a legally valid electronic IOU for both parties to sign. At the same time, the small IOU also has a "repayment reminder" function. On the repayment date agreed by both parties, the platform will remind the borrower to repay the loan via text message.

It is reported that electronic IOUs strictly follow the "Civil Code of the People's Republic of China" and "Supreme The People's Court's Provisions on Several Issues Concerning the Application of Law in the Trial of Private Lending Cases" and other relevant provisions of laws, regulations and judicial interpretations have full legal effect. At the same time, Tencent Electronic Signature stores the key electronic evidence in the signing process of both parties in the blockchain, and uploads the hash value of the electronic evidence to the trusted blockchain service platform "Zhixinlian" to ensure the security and integrity of the contract content. Can not be tampered with.

"Zhixinchain" is a credible certificate storage blockchain platform jointly built by Tencent, China Net Security, and Feng Tiao Li Shun. More than a dozen public trust institutions from all walks of life joined as nodes. "Zhixinchain" can provide various "trust" solutions for the information Internet. Through blockchain technology, it connects the commercial end and the judicial end in the information society, and builds a trusted channel from electronic data to electronic evidence. Data is trusted to be stored, securely transmitted, and legally used.

When there is an objection or dispute between the borrower and the borrower, the electronic IOU stored in the blockchain will become evidence with sufficient legal effect, reducing the burden of proof for the parties. Accelerate dispute resolution.

Electronic signature solves some problems

In daily life, borrowing activities often occur between acquaintances or friends. However, there are often missing or irregular IOUs that can easily lead to disputes. For example, some users transfer money to others through WeChat, but do not save the chat history, which makes it difficult to determine the purpose and purpose of the money exchange between the two parties; The IOU turned into blank paper, resulting in the disappearance of evidence of the loan. Such scenarios have also brought many difficulties to the courts in judging the case.

The relevant person in charge of Tencent Electronic Signature said that the purpose of launching the "small IOU" function is to provide users with standardized and legal services for their borrowing activities. It is hoped that through the low-threshold application, more users can experience the convenience of electronic IOUs, and provide more protection for borrowing behavior among users.

It is worth noting that many friends confuse it with Huabei, which is actually a completely different thing. Huabei borrows directly from the platform, while the small IOU is just A tool for recording and depositing evidence. With this IOU, it can prevent the occurrence of bad debts.

The "Small IOU" is based on digital signature technology, based on Tencent Cloud's technical capabilities and blockchain deposit services to ensure the security and validity of the IOU, and maintain Legal rights of both parties.

Advantages of blockchain

Blockchain technology has unique advantages. Compared with traditional Internet technology, it can effectively avoid the common problems of data security, coordination efficiency and risk control in centralized institutions, mainly in the following four aspects:

It cannot be tampered with and is more secure. The design of blockchain technology is supplemented by cryptography and consensus mechanisms, so that when a certain data is modified in the blockchain data recording method, all subsequent data records need to be changed, which cannot be realized in practice. This is why Bitcoin is still operating stably under the attack of global hackers.

Distributed structure, strong reliability. The blockchain adopts a distributed structure. Even if a node encounters network problems, hardware failures, software errors or is controlled by hackers, it will not affect the system and other participating nodes, which ensures its high reliability and high availability.

Smart contract, automatic execution. Smart contracts have the advantages of transparency, credibility, automatic execution, and mandatory performance. However, before the emergence of the blockchain, there was no environment that supported the operation of trusted codes, and automatic enforcement could not be realized. Blockchain technology has realized smart contracts for the first time.

The trust mechanism is more transparent. The blockchain connects the participants in a peer-to-peer manner, and the participants jointly maintain a system, which is more transparent and easier to gain the trust of the participating parties. This high-trust mechanism makes the blockchain possible to become a low-cost, Efficient new collaboration model.

In recent years, the development of blockchain has attracted much attention, and it has been practically applied in many industries, including medical, financial and other fields. Relevant meetings of the central government clearly pointed out that the blockchain should be used as an important breakthrough for independent innovation of core technologies, accelerate the development of blockchain technology and industrial innovation, and promote the accelerated application of blockchain in government services, the real economy, and people's livelihood. As blockchain technology rises to the national strategy and is included in the context of "new infrastructure", it will inevitably promote more blockchain technology innovation and development and blockchain technology applications.

Welcome to join the official BlockBeats community:

Telegram Subscription Group: https://t.me/theblockbeats

Telegram Discussion Group: https://t.me/BlockBeats_App

Official Twitter Account: https://twitter.com/BlockBeatsAsia