(1) Why do warrants have legal effect? ——Digital mapping based on legal entities
The legal effect of warrants does not arise out of thin air, but is based on a strict mapping with the existing legal system:
Identity mapping: The digital identity (DID) of the warrant holder must be verified based on their legally registered corporate entity and qualifications in a sovereign state. DID is the only authoritative representative of offline legal entities on the chain.
Asset mapping: Assets anchored by warrants (CID) strictly correspond to offline physical property rights protected by local laws (such as ownership of factories and equipment). CID does not create new rights, but rather a digital "mirror" and evidence of existing legal rights.
Relationship mapping: The equity relationships represented by warrants, such as "return rights," are coded through smart contracts, and their logic and terms correspond and replace traditional paper contracts, becoming executable digital contracts.
Therefore, warrants are a trusted digital carrier of legitimate rights and relationships offline, rather than a virtual item detached from the law.
(2) How to provide legal evidence? ——Judicial level full process evidence storage
All key operations are verified through authoritative nodes, generating effective evidence that can be directly used in judicial proceedings:
Deposit mechanism: The full chain data of warrant generation, circulation, settlement, etc. are synchronized in real-time to joint judicial deposit nodes such as Yan'an Trusted Space and China Mobile.
Evidence effectiveness: This process complies with relevant regulations such as the Electronic Signature Law, and the hash value, timestamp, and other information stored on the chain can generate an Electronic Evidence Proof, which has legal recognition as proof.
(3) How to resolve disputes? ——Clear preset mechanism
The system has established a clear dispute resolution loop:
Evidence priority: In the event of a dispute, electronic evidence that is fully processed on chain and cannot be tampered with is given priority for acceptance.
Efficient resolution: Encourage all parties to quickly process through designated online arbitration institutions or mediation platforms in accordance with smart contract agreements.
Cross border enforcement: Arbitration awards can rely on international treaty frameworks such as the New York Convention to apply for recognition and enforcement in contracting states, ensuring the effective implementation of the award.
In summary, GEDIS precisely links on chain warrants with offline legal entities, and relies on national level trusted node certificates to provide solid legal protection for digital rights. At the same time, it provides a complete dispute resolution solution from electronic evidence collection to arbitration enforcement.