(205 ILCS 730/10)
Sec. 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.
(Source: P.A. 101-514, eff. 1-1-20.) |