Because the traditional paper contract is easy to lose, the security risk is great, and it is inconvenient to find and query; New retail often involves a huge supply chain, and the management of the supply chain is complex, so it must abide by the laws and regulations such as the National Electronic Commerce Law. The visibility of the supply chain is low, the operating cost is high, the control range of the upstream and downstream of the supply chain is limited, and there is information asymmetry, which is prone to fraud and contract tampering.

In order to solve the above problems, electronic contract has become an indispensable part of new retail business.

Electronic contracts use dynamic face recognition, bank card elements and other technical means for real-name authentication, and carry out heavy audits on the identity authenticity of all aspects of the new retail supply chain ecology and the supply and demand sides to ensure the authenticity of both sides' identities.

No matter what kind of contract, it can be signed online, and all the signature and signature links can be completed online, saving time and effort, saving the trouble of signing contracts in different places for a long time, and reducing the printing, transportation and storage costs of massive e-commerce transaction documents.

Both contracts and transaction documents can be managed online, and the signing information and status are synchronized with the transaction business system in real time, which greatly improves the business efficiency.