Supreme Court of China approved the legal effect of blockchain entries for internet courts
The ruling of the Supreme People’s Court of China has come into force, according to which the records in the blockchain are now legally binding and can be used as evidence in court. Judicial interpretations of the Supreme People’s Court of China (SPC) entered into force on August 1, 2021, and will be applied in more than 3,500 Internet courts across the country. The rules cover legal practice, general principles, applicable scope and applicable terms…