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Current as of January 01, 2025 | Updated by Findlaw Staff
§ 10. Permitted use of blockchain.
(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.
Cite this article: FindLaw.com - Illinois Statutes Chapter 205. Financial Regulation § 730/10. Permitted use of blockchain - last updated January 01, 2025 | https://codes.findlaw.com/il/chapter-205-financial-regulation/il-st-sect-205-730-10/
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