, last Friday, Ohio Governor John Kasich signed the SB220 amendment, declaring that the bill came into effect. The bill provides for the legal validity of electronic records or contracts obtained through blockchain technology.to report, last Friday, Ohio Governor John Kasich signed the SB220 amendment, declaring that the bill came into effect. The bill provides for the legal validity of electronic records or contracts obtained through blockchain technology.
In May, Senator Matt Dolan of the state submitted to the LegislatureAcknowledging blockchain signatures and smart contractsproposal. Although the proposal failed to move forward, parts of it have been included as amendments to another bill, SB220, which deals with cybersecurity. Previously, SB220 passed the Senate in May and the House of Representatives in June, and has been awaiting approval by the governor.
SB300 will make five significant changes to current Ohio regulations.These include defining blockchain technology and smart contracts in the law, and stipulating that blockchain storage certificates recognize the ownership of data holders, and at the same time have other storage methods (such as through a notary office and other first The legal effect of the tripartite authority).
SB300 ActIt is a fine-tuning based on the United States Uniform Electronic Transactions Act (UETA),Therefore, Ohios move may provide a demonstration effect for other states. For Ohio itself, on the one hand, the SB300 bill eliminates the uncertainty of the judgment of blockchain evidence deposit cases, and on the other hand, it also passes the law’s openness to blockchain, making the state more attractive to blockchain businesses force.
In China, the blockchain deposit certificate in JuneA case of copyright infringementIt was also used in the judgment for the first time. In addition, in March this year, the Guangzhou Arbitration Commission also recognized the award based on the arbitration chain.
These signals indicate thatBlockchain + certificate deposit is a scenario with application value.At present, there are many domestic teams that provide blockchain technology for electronic certificate deposit, such as Baoquan.com and its technical support Factom that provide evidence for infringement cases, and the United Law Group has launched the legal chain distribution technology, as well as certificate deposit application access. Baos underlying platformwait.wait.
