KO EN
Close

2025.02.14

Hong Kong Uses Blockchain for Legal Notice… Calls for New Measures

Hong Kong has pioneered a new approach to serving legal documents in cryptocurrency-related cases by registering them as NFTs on the TRON blockchain and delivering them directly to defendants' crypto wallets. The system also implements Soulbound Tokens (SBTs) to mark wallets involved in criminal activity, making their status visible to anyone interacting with them. This innovation has caught the attention of Korean legal experts, including Attorney Ohoon Kwon, who advocates for legal reforms to recognize blockchain-based service while emphasizing the need to address enforceability challenges such as verifying notice receipt and preventing asset transfers.

 

Visit our website to read more about Hong Kong Uses Blockchain for Legal Notice... Calls for New Measures