Menu

Search

  |   Digital Currency

Menu

  |   Digital Currency

Search

Onchain to provide framework for Alibaba’s blockchain-powered email evidence repository

[The article has been updated to clarify that Alibaba Cloud is using Law Chain, which remains a separate entity]

Onchain, the open-source universal blockchain system, has partnered with Chinese e-commerce giant Alibaba Group Holding Ltd. and will provide technology for Ali Cloud, Alibaba’s cloud computing branch.

Ali Cloud discussed the partnership at its annual cloud computing conference, Yunqi Cloud Conference, in Hangzhou, China. According to the official announcement, Onchain’s consortium chain product – the Law Chain – will provide technology to Ali Cloud, the world’s first blockchain-powered email evidence repository.

Law Chain’s technology originates from Antshares, powered by the Onchain framework. Last month, Antshares raised over $4.5 million in a crowdsale to complete building out its innovative Antshares Blockchain, which will digitize, record and track physical goods and assets, ranging from real estate titles to corporate equity, from supply chain assets to creditors’ claims.

Email is not only one of the most frequently used communication tools for corporate business, it is also used as evidence in courtrooms and recognized by judiciaries. However, extracting original email files as digital evidence that can be qualified in court has been quite difficult so far due to time, resources, inter-departmental cooperation, and technology required.

Ali Cloud has integrated Onchain’s Antshares blockchain technology to provide enterprise-grade email repository. Onchain will provide the bottom-layer framework for Ali Cloud, including its open-source blockchain capabilities, which allow any company to customize their own enterprise-level blockchain with individualized functionalities.

With Ali Cloud’s blockchain-based email evidence repository, users will be able to synchronize and store critical data (along with hash values) of important emails to third parties. In the case of conflicts, users can download the emails in question and send them to judicial departments. Judicial departments can then conduct reviews of the data to produce reports as evidence in a courtroom.

“Blockchain technology is expanding into more territories due to its high efficiency, advanced security, functionality, and low cost,” said Da Hongfei, CEO of Onchain and Founder of Antshares. “This combination of blockchain technology and digital evidence storage will completely alter the landscape of traditional evidence storage, bringing more efficiency and security.”

Alibaba cloud uses Law Chain, a consortium chain. Though the technology is from Onchain's technology, Law Chain remains a different entity, so it does not constitute Alibaba-Onchain cooperation, the company clarified.

For its leadership and innovation, Onchain recently received the Award for Excellence in Innovation in Blockchain Technology from Frost & Sullivan, and was also named a KPMG China Leading Fintech 50 selection.

  • ET PRO
  • Market Data

Market-moving news and views, 24 hours a day >

July 2 15:00 UTC Released

DKCurrency Reserves

Actual

449.6 Stale

Forecast

Previous

451.7 Stale

July 2 13:45 UTC Released

USISM NY Biz Conditions

Actual

50 %

Forecast

Previous

48.6 %

January 31 00:00 UTC 774376774376m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 774376774376m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 786196786196m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 774376774376m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 786196786196m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 774376774376m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 774376774376m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 774376774376m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.