GET RECENT UPDATES & NEWS RELATED CRYPTOCURRENCY, BITCOINS, MLM, ONLINE BUSINESS, BEST INVESTMENT TYPE MLM BUSINESS OPPORTUNITY AND MANY MORE

Breaking

Important notice: Almost all online business are temporary only & it may be become scam at any point of the time, Hence, I/we request those who want to invest their hard earned money in that.. Please verify yourself before you invest & you are the only responsible for your own money..the website owner (www.part-time-jobs-in-bangalore.net) are not responsible for any lose, profit or scam. Admin *** महत्वपूर्ण सूचना: लगभग सभी ऑनलाइन व्यवसाय अस्थायी हैं और यह समय के किसी भी समय घोटाला हो सकता है, इसलिए / मैं उन लोगों से अनुरोध करता हूं जो अपनी कड़ी मेहनत के पैसे का निवेश करना चाहते हैं .. कृपया निवेश करने से पहले अपने आप को सत्यापित करें और आप आपके खुद के पैसे के लिए ही जिम्मेदार हैं .. वेबसाइट के मालिक (www.part-time-jobs-in-bangalore.net) किसी भी खो, लाभ या घोटाले के लिए जिम्मेदार नहीं हैं। व्यवस्थापक

China’s Supreme Court Rules That Blockchain Can Legally Authenticate Evidence

China’s Supreme Court has ruled that evidence authenticated with blockchain is legally binding, as part of newly clarified litigation procedures in the country’s internet courts.

China’s Supreme Court has ruled that evidence authenticated with blockchain technology is binding in legal disputes, in an official announcement released today, September 7.

The new ruling comes as part of a series of more comprehensive rules that clarify litigation procedures for internet courts across China, and comes into force immediately.

According to today’s announcement, the Supreme Court declares that:

"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."

In what had been dubbed a “world first,” in August 2017 the Chinese city of Hangzhou in Zhejiang Province opened a court dedicated to processing trials for internet-related disputes on an online ‘netcourt’ web platform. The court handled its first case with legally valid blockchain-derived evidence this January.

As today’s announcement clarifies, China’s Internet courts conduct cases online, with “litigation acceptance, delivery, mediation, evidence exchange, pre-trial preparation, court trial, and sentencing” all settled on the web. China currently has two further internet courts slated for the country’s capital, Beijing, as well as for the southern city of Guangzhou.

As a Cointelegraph expert take has outlined, blockchain-related innovations are not only being legally recognized as capable of authenticating evidence, but even —  as in the case of smart contracts — considered to have the potential of becoming a major disruptive force to the legal sphere. The immutable, time-stamped data generated on a blockchain provides an auditable trail with which smart contracts interact according to binding, pre-specified rules.

Earlier this summer, the U.K. Law Commission announced it would review legal frameworks to ensure that British courts remain a “competitive” choice for businesses that use smart contracts, and would aim to offer the necessary flexibility and clarity to keep pace with technological developments.

No comments:

Post a Comment