Block Box launches third party evidence hosting service

Absrtact: July 22 Afternoon news, Internet loan Platform building block Box announced today with the third party Internet Legal service provider Green Dog network to reach a partnership, will be aimed at investors on the contract concerns and practical rights difficulties, such as the introduction of third-party evidence hosting services. Block box

July 22 Afternoon news, Internet loan Platform building block Box announced today with the third party Internet Legal service provider Green Dog network to reach a partnership, will be aimed at investors on the contract concerns and practical rights difficulties, such as the introduction of third-party evidence hosting services.

Building Block Box CEO Dong Jun introduced, the Internet finance Investment behavior is carried on the line, the traditional face sign contract no longer applicable, and then electronic version of the document instead, but this also gives investors doubts. Therefore, the building block box decided to introduce a third party, and through the cooperative commissioned Green Dog network of financing projects related to the contract review, so as to ensure the authenticity of the contract and signed legally. The two sides of the cooperation launched the "contract Review", "evidence custody" and "rights to trigger the mechanism" and other protection measures. It is reported that the Green Dog network after the contract review, will also provide electronic version of the contract and paper version of the Contract Seal service, and to provide investors with the ability to query the storage records and access to complete data channels. Through the system docking, the investor can inquire the information of the investment contract in the Green Dog net online.

In addition, the building block box combined with the Green Dog network design and establish a rights trigger mechanism. If the platform is not properly closed and the contract is not fulfilled, the Green Dog Network can provide relevant evidence to assist the investor in asserting the creditor's rights to the financier and, if necessary, assist the docking lawyer to initiate the relevant legal proceedings. Dong Jun introduced that the "Legal Aid Fund" scheme, which was launched before, is still effective, and will provide funding support for legal rights in this link.

Building Block Box said that the launch of the service is based on the interests of investors, the block box itself is not in contact with the funds, but the platform as a service, the repayment plan has the responsibility to manage. Industry insiders believe that the value of the trigger mechanism is that even if the platform is not operational, investors have access to the necessary evidence to support, can continue to recover the debt, there is no fund to escape the debts of the opportunity. Through the establishment of the right to trigger the mechanism to solve the investor's concerns about the contract and the actual protection of the difficulties.