China’s first blockchain-based notary legal office has opened in Beijing, another signal favoring the nation’s embrace of the technology.
The office located in the center of the capital marks a new era for legal services as Chinese authorities seek to manage the growing use of blockchain.
China is the global leader in the use and development of blockchain technology, filing the most patents compared to other countries. Some of the biggest names in the blockchain and cryptocurrency community are under Chinese names.
Support for the development of Blockchain applications is famously bolstered by China’s AntFinancial, the biggest financial technology company in the world by value. An affiliate of the e-commerce conglomerate Alibaba, AntFinancial operates the digital payment service Alipay, ubiquitous in China.