(a) A smart contract, record, or signature may not be denied legal effect or enforceability solely because a blockchain was used to create, store, or verify the smart contract, record, or signature. (b) In a proceeding, evidence of a smart contract, record, or signature must not be excluded solely because a blockchain was used to create, store, or verify the smart contract, record, or signature. (c) If a law requires a record to be in writing, submission of a blockchain which electronically contains the record satisfies the law. (d) If a law requires a signature, submission of a blockchain which electronically contains the signature or verifies the intent of a person to provide the signature satisfies the law.
205 ILCS 730/10
Permitted use of blockchain
Known as the Blockchain Technology Act
The act spans §§ 205-730-1 to 205-730-5 (5 sections).
P.A. 101-514, eff. 1-1-20.
Official source: Illinois General Assembly. Reproduced from public-domain Illinois statutes; confirm against the official source for the current text. Not legal advice.