Blockchain Records Will now be Accepted as Legal Evidence, China’s Supreme Court Rules
Internet courts in China will henceforth deem evidence authenticated using blockchain technology as being legally binding.
This follows the publication of new rules by the Supreme People’s Court of China which state that blockchain records will now be admissible in court. According to the South China Morning Post, internet courts which have been set up with a view of handling internet-related legal disputes will now be in a position of recognizing digital data as evidence upon verification by methods that include among others blockchain, time stamps and digital signatures.
An announcement by the Supreme People’s Court stated the following:
“Internet courts shall recognize digital data that are submitted as evidence if relevant parties collected and stored these data via blockchain with digital signatures, reliable timestamps and hash value verification or via a digital deposition platform, and can prove the authenticity of such technology used.”
Read more: https://www.ccn.com/blockchain-records-will-now-be-accepted-as-legal-evidence-chinas-supreme-court-rules/
