Legal and IP Management & legal News

Chinese court launches blockchain evidence platform

evidence
Today the Hangzhou Internet Court in China officially launched its blockchain judicial platform. The court was set up last year in an attempt to reduce the cost of dealing with numerous internet disputes. So cases it typically deals with include e-commerce disputes, contracts signed over the internet, and internet copyright infringements. In June blockchain-based evidence was first presented to the court and accepted. However, that required a special judicial ruling. So earlier this month, the Supreme Court officially acknowledged that blockchain evidence was acceptable. Given the immutable nature of blockchains which is the result of the storage of data on numerous servers, they make a good source of tamper-proof evidence. Blockchain addresses the two major pain points with internet evidence: security and authenticity.

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