The Supreme People’s Court of China has formally determined that blockchain-based evidence is legally valid and admissible in court. While its national bank is straight-up proud of its efforts to curb cryptocurrency adoption by its citizens, the country’s judicial system just came out in favor of its underlying technology. A legal spat over copyright infringement between two Chinese companies brought this issue to a head. The plaintiff found the offending material online and took action, hashing the infringement and storing it in a distributed ledger managed by blockchain evidence platform Baoquan. Storing the material in this manner proves the time and date that something happened, giving the courts a chain…
Blockchain and Cryptocurrency: People, Culture and Tech