China’s Supreme Court Rules Blockchain Records as Admissible Legal Evidence
China makes crypto history once more as its Supreme Court rules blockchain records as authentic evidence. According to a post from the South China Morning Post, Internet courts can now use blockchain records to settle Internet-related legal disputes.
The newly accepted verification methods include blockchain, time stamps, and digital signatures.
“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,” the Supreme People’s Court statement states.
China, one of the first countries to accept blockchain records as legal evidence
For those who like to keep a close eye on blockchain news from China, this will not come as a surprise. Before this latest development, China’s first Internet court in Hangzhou, in the Zhejiang province, ruled nearly three months ago that evidence which has been authenticated using blockchain tech is legally binding.
Blockchain records have been declared fit as admissible evidence by the US state of Vermont. The state signed a bill into law allowing digital records registered on a blockchain under various specific conditions.
“A digital record electronically registered in a blockchain shall be self-authenticating pursuant to Vermont Rule of Evidence 902, if it is accompanied by a written declaration of a qualified person, made under oath, stating the qualification of the person to make the certification…,” Vermont’s Conduct of Trial announcement states.
Nevertheless, the development suits China very well as it aggressively pushes for blockchain, decentralized ledger and cryptocurrency adoption. This is true for both the public and the private sectors in China. In fact, the Chinese government has made it its mission to prioritize blockchain technology alongside AI and other innovative technologies in order to further expand its economic power.