That's a milestones of china with blockchain but let's see what's waiting in future with blockchain in china. Blockchain still developing. So it's will be more potential in future.
Topic: The Supreme Court of China issues a ruling acknowledging blockchain records (Read 290 times)
October 04, 2018, 04:28:40 PM
October 04, 2018, 04:04:05 PM
Great solution introduced by China. It will certainly help to counteract frauds and set the example for the other countries to follow.
China is one of the biggest players, if not the biggest, and this action on their part will may lead to increasing Crypto adoption all over the world.
China is one of the biggest players, if not the biggest, and this action on their part will may lead to increasing Crypto adoption all over the world.
October 04, 2018, 03:52:15 PM
This is bad for blockchain technology. Bitcoin has established on some basic features. Persona ID is anonymous from everywhere.If a govt want to issued them, anonymity losing. This will hamper on the investment of Bitcoin.
October 04, 2018, 03:51:27 PM
I really believe, in the future. More and more people will adopt blockchain technology in our lives 
October 04, 2018, 03:25:20 PM
This is sometime good and sometime it will be bad for crypto lover of china.Bitcoin is the decentralized in terms of price and it is a peer to peer network. A person who invest is considered as just Node. If this time china Govt issued them it will affect them to their investment program.
October 04, 2018, 03:02:28 PM
This is a good decision taken by China govt as what i mean. There are many offence are occurring with Bitcoin uses. Terrorist and many of bitcoin holder as well as other coin holder using it in bad intentions. These all need a records. This is good to me.
October 04, 2018, 02:49:39 PM
It is very good news for the crypto currency. blockchain will be more usable and Chaina will more use crypto. It will be more popular the number of user will increases day by day.
October 04, 2018, 02:36:26 PM
This is not the first time for use this type of technology. This type chine issued new typr internet court which establised in hongzu. Hope they will be feel better with their new setup.
September 23, 2018, 03:08:06 PM
Blockcahin technology first come with bitcoin and it's the technology which eensure the decentralization. Many biggest company use their technology. It's becoming the most useful technology and it's feature developing more gradually. So china will be benefitted with this technology.
September 22, 2018, 05:10:33 PM
It doesn't change anything. China is obviously still against cryptocurrencies. They are against exchanges and miners and all big companies had to move out and go to hong kong or other countries. I know that it's a step in the right direction but let's not get too excited.
September 22, 2018, 02:57:26 PM
Blockchain is the most popular technology now a days and many country willing to use it's for their many persspective and recently count the blockchain technology as a legal one.
September 21, 2018, 02:02:39 PM
this is a great news for the investors.this would be better for the investor.in this wat transaction will more secure and also ligal for those people who involve in this market
September 20, 2018, 02:42:17 PM
From now on, Chinese internet courts will treat blockchain-authenticated evidence as legally binding.
Such news arrived with the Supreme People’s Court of China ruling, wherein new policies were published, according to which the evidence authorized with use of blockchain innovations is eligible for admission in court. The local media reports that the internet courts that were established with aim of managing web-related disputes, from now on, will be able to engage in data recognition for the purposes of evidence using blockchain records for verification, as well as virtual signatures and time stamps.
https://base.info/news/the-supreme-court-of-china-issues-a-ruling-acknowledging-blockchain-records
Such news arrived with the Supreme People’s Court of China ruling, wherein new policies were published, according to which the evidence authorized with use of blockchain innovations is eligible for admission in court. The local media reports that the internet courts that were established with aim of managing web-related disputes, from now on, will be able to engage in data recognition for the purposes of evidence using blockchain records for verification, as well as virtual signatures and time stamps.
https://base.info/news/the-supreme-court-of-china-issues-a-ruling-acknowledging-blockchain-records
Thank God that at least china has started the tradition by court rulling. Eventually every country will have to declare the same! Because the kind of transparency blockchain can provide, there is no other technology parallel to this!
Even Indian information Technology ministry has ordered the energy and power sector to explore the use of blockchain for the betterment of service. Moreover, this news was confirmed by Indian Prime Minister's Office.
So there's no doubt that blockchain is going to rule next few decades to bring transparency on the table.
September 20, 2018, 02:39:25 PM
With the increasing number of people engaging in cryptocurrencies in China, it is no doubt that they will produce such form of ruling concerning it, and one fine thing they did is acknowledging blockchain records since it cannot be forged easily and cannot be tampered in any way. Fraud and money laundering is still an issue in today's crypto world even though formal regulations have been set into place to address the issue. If you can't mitigate or lessen the number of frauds made concerning crypto, then find a way to use blockchain records to apprehend fraudsters and violators. A great move from China, and other countries should review this ruling since it will be a really good thing in apprehending those violators that think crypto is a safe haven from money launderers and fraud.
September 20, 2018, 02:15:11 PM
As, we are ready see that various budgetary nations enduring crypto cash and block-chain development. Moreover, Asian countries grasping crypto cash. No wander why they are ceaselessly step ahead in money related section. Remarkably china has thought around the world and other Asian countries as well. They are developing quick.
September 19, 2018, 05:12:28 PM
we are able see that numerous financial countries tolerating crypto money and block-chain innovation. Additionally, Asian nations embracing crypto cash. No meander why they are continuously step ahead in financial segment. Uncommonly china has consideration around the world and other Asian nations as well. They are growing fast.
September 19, 2018, 04:38:18 PM
Clearly, we can see that many economic nations accepting cryptocurrency and blockchain technology. Moreover, Asian countries adopting cryptocurrency. No wander why they are always step ahead in economic sector. Specially china has attention worldwide and other Asian countries as well.
September 18, 2018, 01:24:28 PM
The established Internet Court of China aimed to manage web-related debates will now be able to add blockchain records, as well as virtual signatures and data access to data recognition for verification. But we should always be concious about authentication.
September 16, 2018, 10:27:52 PM
That's pretty cool. How significant is this development for the current landscape though? I know that China in general has been very bullish on the development of blockchain applications, but as far as I know, the only application that currently works (which is cryptocurrencies) is essentially banned there. Doesn't that kind of make it useless at the moment?
Is this to prepare for the future, or are they going to use this as a weapon to prosecute certain individuals that are affiliated with cryptocurrencies? Genuinely asking, for those who are more knowledgeable about the situation.
Is this to prepare for the future, or are they going to use this as a weapon to prosecute certain individuals that are affiliated with cryptocurrencies? Genuinely asking, for those who are more knowledgeable about the situation.
September 16, 2018, 07:12:12 PM
Good news, China is a developed country with a good economy, I also see many Cytptocurrency projects from China, an example of a successful project from China is NEO san GAS,
Jump to: