China Says Blockchain Can Authenticate Evidence
China’s Supreme People’s Court has ruled that blockchain can now be legally used to authenticate evidence in legal disputes, as long as parties can prove the legitimacy of the technology being used.
Supreme Court said in an announcement.
- “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,”
As per reported by CoinDesk, the ruling is in response to questions that came after the establishment of the country’s first internet court, which handles disputes around internet-based issues, specifically digital data.
In July 2018, the Hangzhou internet court ruled that blockchain-enabled evidence was acceptable in court cases in a copyright infringement case. The latest ruling from the country’s high court validated Hangzhou’s decision.
The Supreme Court added, "The grass-roots people's courts shall accept the following first-instance cases within the jurisdiction of the municipality where the Internet courts in Beijing, Guangzhou, and Hangzhou are centralized."
The irony is China is one of the most unfavorable country for cryptocurrencies while most of the Known cryptocurrency projects are from china itself along with worlds biggest cryptocurrency Exchange Binance.