Unlocking the Power of Technology and the Law: Revolutionizing Electronic Contracts
Meet the Co-Founder of Greatly, Linkai Hui
In an era where technology and the law intersect, Greatly’s co-founder, Linkai Hui, is at the forefront of creating a platform for electronic contracts. In this article, we will delve into the world of electronic contracts, explore why they are essential, and discover how Greatly is leading the charge in this rapidly evolving field.
Why Electronic Contracts?
The rapid development of the Internet and financial industry has led to a surge in transactions between businesses and individuals. However, traditional paper-based contracts have become inefficient and insecure, unable to meet the demands of remote office companies. Electronic contracts, on the other hand, offer a secure and efficient way to sign and seal contracts, providing a legally binding agreement between parties.
The Birth of Greatly
In 2014, Linkai Hui founded Greatly, a company that aims to provide a platform for electronic contracts. With a strong legal team and a deep understanding of the law, Greatly seeks to reassure investors and provide a secure and efficient way to sign contracts. The company’s mission is to provide a comprehensive electronic contract solution that meets the needs of businesses and individuals alike.
The Power of Electronic Contracts
Electronic contracts are established between two or more parties through electronic information networks, changing or terminating the relationship of property, civil rights, and obligations. In 2005 and 2013, the state promulgated the “Electronic Signature Law” and “Contracts Entered into Online Electronic Process Specifications,” respectively, clearly stating that electronic contracts signed and sealed paper contracts have the same legal effect and constitute a legally binding agreement upon the parties.
The Challenges of Electronic Contracts
Many people wonder why Greatly is called a “legal technology company.” In fact, Greatly’s strong legal team genes make it a typical “legal technology company.” The company’s goal is to reduce the use of technical barriers in electronic contracts and provide legal ecological value-added services around the signing of the life cycle of electronic contracts.
The Importance of Electronic Signature
A reliable electronic signature must meet the following criteria: the electronic signature creation data used for electronic signature belongs to the people proprietary; the time of signature, electronic signature creation data only by electronic signature? human control; and after the signing, any changes to the content and form of a data message can be found. Greatly has created products that unlock new technologies, such as cloud computing, big data, and artificial intelligence, to push the market forward.
Overcoming Technical Challenges
To overcome technical problems, Greatly has implemented strict real-name authentication for personal and business users, ensuring the true identity of the law greatly electronic contract signed by the body. The company also uses internationally accepted hash value curing technology to identify whether a file has been tampered with and introduces a third-party trusted timestamp when taking technology to accurately record the time of signing non-repudiation.
Partnership with Microsoft
Greatly has become attached to Microsoft, and together they explore cloud technology, artificial intelligence, and blockchain technology. Microsoft has helped Greatly to improve its technology, brand, and market, providing a better experience and service for electronic contract signing for medium and large customers.
Security Measures
To ensure the security of customer information, Greatly has established a multi-level security system for phone numbers, ID numbers, bank card numbers, and other sensitive data. The company stores sensitive data on the local server and then by Azure VPN, SSL for local storage sensitive data interface with cloud data.
Cloud Data Storage
Greatly uses Azure Blob object storage and the RA-GRS (redundant offsite storage) option to store contract documents, contracts, photographs, and other static files. The company uses Azure Blob option to automatically maintain six copies of cloud storage data, providing customers with a high level of data durability and availability.
Blockchain Technology
Greatly and Microsoft (China) have jointly established the world’s leading platform for blockchain judicial preservation of evidence, “Method Chain,” to provide customers with electronic contracts preservation of evidence and certification services.
Artificial Intelligence
Greatly has docked with Microsoft Research Asia to enhance the recognition and semantic understanding of electronic contracts. The company uses AI technology to provide customers with more accurate authentication services and better intelligence services, such as automating the comparison of before and after versions of electronic contracts and quickly identifying malicious tampering and non-compliance issues.
Branding and Marketing
Microsoft accelerators have helped Greatly to bring together a number of external exchanges, such as helping the company to access a series of large customer resources and recommend participation in the innovation business accelerator Night show links and the “First China Financial Technology innovation and entrepreneurship competition” road show launch of innovative enterprises.
Conclusion
Greatly is leading the charge in the electronic contract industry, providing a secure and efficient way to sign and seal contracts. With its strong legal team and deep understanding of the law, the company is poised to revolutionize the way businesses and individuals interact with contracts. As the industry continues to evolve, Greatly is committed to providing innovative solutions that meet the needs of its customers, protecting the spirit of the contract in the Internet age.