Alibaba Deploys Onchain’s Blockchain for Super Secured Email

Onchain, an open-source universal Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Read this Term developer based in Shanghai, has announced that its consortium chain product, the Law Chain (technology originates from Antshares), will provide technology for Alibaba’s Ali Cloud, a blockchain-powered email evidence repository. Onchain provides the bottom-layer framework for Ali Cloud, including its open-source blockchain capabilities, which allows any company to customize its own enterprise-level blockchain with individualized functionalities.

The sides wished to clarify: "Ali 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."

Join the industry leaders at the Finance Magnates London Summit. Register here!

Until now, it’s been difficult to extract original email files as digital evidence that can be qualified in Chinese courts. But the developers explain that with this new 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 as evidence to judicial departments.

“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.”

This isn't the first foray into blockchain territory by Alibaba. Back in August the Chinese group’s finance arm, Ant Financial, created a private blockchain to record all donations on its 'Ant Love' charity platform linked to Alipay. Sometimes called the Chinese PayPal, Alipay sits at the heart of Jack Ma’s (the richest man in China) e-commerce empire as the dominant online Payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl Read this Term provider in the country with over 400 million users.