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Author Topic: The Supreme Court of China issues a ruling acknowledging blockchain records  (Read 49 times)
scrivenorr
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September 11, 2018, 10:54:58 AM
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From now on, Chinese internet courts will treat blockchain-authenticated evidence as legally binding.

Such news arrived with the Supreme People’s Court of China ruling, wherein new policies were published, according to which the evidence authorized with use of blockchain innovations is eligible for admission in court. The local media reports that the internet courts that were established with aim of managing web-related disputes, from now on, will be able to engage in data recognition for the purposes of evidence using blockchain records for verification, as well as virtual signatures and time stamps.

https://base.info/news/the-supreme-court-of-china-issues-a-ruling-acknowledging-blockchain-records

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BTalarmus
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September 13, 2018, 11:15:05 PM
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This is good news, more and more getting closer beginning of everyday use of cryptocurrency. China is a big and influential country and if there is a strong development of blockchain, it will affect the whole world.

Owee1989
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September 14, 2018, 05:16:25 PM
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In china the government make a stable policy because they want the regular currency and the crypto flow same way. The court will publish a law that why both currency can work properly.
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September 15, 2018, 04:57:27 PM
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All in all this should be a good thing because this might reduce the level of scams and the attempts of hacking in the market too.
peter0425
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September 15, 2018, 09:28:38 PM
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This is good news, more and more getting closer beginning of everyday use of cryptocurrency. China is a big and influential country and if there is a strong development of blockchain, it will affect the whole world.
What has cryptocurrency something to do with China? We don't care how big or influential they are, Blockchain technology is already global we don't need countries to accelerate its growth. Did you really read the articles? It says China is acknowledging Blockchain Technology. Which should be a no brainer for everyone because they really love this technology but not bitcoin. Could be the first on its kind though, but I'm sure that the many applications of Blockchain will be 'exploited' by a lot of countries and companies globally.




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Barrycuda007
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September 16, 2018, 07:57:02 PM
 #6

The court of china and the administration make a steady arrangement since they need the customary money and the crypto stream same way. The court will distribute a law that why both cash can work appropriately.
blackandwhite89
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September 16, 2018, 09:19:55 PM
 #7

This could bring a positive impact on blockchain technology of China that Supreme People’s Court of China ruling, wherein new policies were published, according to which the evidence authorized with use of blockchain innovations is eligible for admission in court.
VK.point
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September 16, 2018, 09:28:20 PM
 #8

I think this is a bit of good news that we should give a standing ovation. China is one of the big countries in the world. And I just heard this time an internet court. Most of this will have a positive impact on the development of blockchain, which is becoming increasingly global and popular. Thank you for the news you shared. Very helpful.

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jpnl0008
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September 16, 2018, 09:44:49 PM
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they have tested the power and the potential of the blockchain technology and they have seen beyond doubt that it is not just anything but a technology to be reckoned with. china will be among those pushing for the global mass adoption of the blockchain technology.
billygarrison
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September 17, 2018, 12:12:12 AM
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Good news, China is a developed country with a good economy, I also see many Cytptocurrency projects from China, an example of a successful project from China is NEO san GAS,
jseverson
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September 17, 2018, 03:27:52 AM
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That's pretty cool. How significant is this development for the current landscape though? I know that China in general has been very bullish on the development of blockchain applications, but as far as I know, the only application that currently works (which is cryptocurrencies) is essentially banned there. Doesn't that kind of make it useless at the moment?

Is this to prepare for the future, or are they going to use this as a weapon to prosecute certain individuals that are affiliated with cryptocurrencies? Genuinely asking, for those who are more knowledgeable about the situation.

SwampRose
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September 18, 2018, 06:24:28 PM
 #12

The established Internet Court of China aimed to manage web-related debates will now be able to add blockchain records, as well as virtual signatures and data access to data recognition for verification. But we should always be concious about authentication.
PoliteHyena
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Today at 09:38:18 PM
 #13

Clearly, we can see that many economic nations accepting cryptocurrency and blockchain technology. Moreover, Asian countries adopting cryptocurrency. No wander why they are always step ahead in economic sector. Specially china has attention worldwide and other Asian countries as well.
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