Current through Public Act 103-1052
Section 205 ILCS 730/10 - 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.Added by P.A. 101-0514,§ 10, eff. 1/1/2020.