Home News Blockchain The Supreme Court of China recognizes blockchain as legal evidence

The Supreme Court of China recognizes blockchain as legal evidence



The Information Provided On This Website Does Not Constitute Investment Advice, Financial Advice, Trading Advice, Or Any Other Sort Of Advice And You Should Not Treat Any Of The Website’s Content As Such. Coinworldstory Does Not Recommend That Any Cryptocurrency Should Be Bought, Sold, Or Held By You. Do Conduct Your Own Due Diligence And Consult Your Financial Advisor Before Making Any Investment Decisions.Coinworldstory Will Strive To Ensure Accuracy Of Information Listed On This Website Although It Will Not Hold Any Responsibility For Any Missing Or Wrong Information.

- Advertisement -Ledger Nano X - The secure hardware wallet

According to CoinDesk reported that Chinese Supreme People’s Court on Friday issued new regulations, approved block chain of authenticity, that it can be used as legal evidence for Chinese legal disputes.

According to reports, the new rules of the court will take effect immediately after it is released on Friday. The new rules clarify various issues related to how Chinese Internet courts should review legal disputes. It stipulates that the Chinese Internet Court should recognize the legitimacy of the blockchain as a method of storing and authenticating digital evidence, provided that the parties can prove the legitimacy of the blockchain technology used in the process.

“If the parties collect and pass blockchains with digital signatures, reliable timestamps and hash verification, or collect and store such data through digital deposition platforms, Internet courts should acknowledge the digital data submitted as evidence and may Prove the authenticity of the technology used,” the Supreme Court said.

The ruling is in response to various problems that have arisen since China established its first Internet court in Hangzhou last year — a problem that deals with Internet-based issues, often involving digital data.

CoinDesk reported in June that the Hangzhou Internet Court ruled in a copyright infringement case that evidence based on blockchain is legally acceptable.

The court said that the new regulations were unanimously agreed by the judging panel of the organization at the most recent meeting on September 3.

The report believes that the ruling is timely, as China is preparing to establish two new Internet courts in Beijing and Guangzhou.

This article is writing on 10 Sept 2018 based on information available online & news portal. If you feel it’s outdated or incorrect, please write here to update it. Mail us: Or Whatsapp Us- +13098896258

- Advertisement -


#NameVolume (24H)CoinsTrading PairsAlexa RankBitcoin PriceOfficial Website
Coinworldstory Provide Latest Review From , ICO, Hyip, Bitcoin , Paid To Click , Blockchain Technology, Affiliate Marketing, Mlm, Etc .Our Team Expert In This Field And Provide Latest Information To Our Users. Thanks For Visiting

Subscribe to our newsletter

To be updated with all the latest news, offers and special announcements.

- Advertisment -


Disrupting The Worlds Biggest Investment Market

Despite being the most valuable asset class in the World, the technology underlying the real estate investment market has remained largely unchanged for decades....
#NamePriceChanges 24H

Top Gainer

NamePriceChanges 24H

Top Losser

NamePriceChanges 24H

Latest Crypto News

In what ways is the blockchain technology changing the motor industry?

The motor industry is witnessing some of the biggest changes in its history. Thanks to the advent of new technologies like electric cars, ride-sharing...

What Kind Of Punishment Will The Bitfinex, Which Is About To Go To Court

On July 22, Us Local Time, The Office Of The Attorney General Of New York Issued A Certificate To Usdt Issuer Tether And Its...

A Brazilian City Fortaleza Will Accept Bitcoin For Public Transport

On July 25, It Was Reported That Users Of The Public Transport System In The Brazilian City, Fortaleza, Capital Of The State Of Ceará,...