Chinese Court Accepts Blockchain Evidence In Copyrights Case July 3, 2018 July 3, 2018 Kelly Cromley http://1AZFjzw2#Nwf63pYaMWq#xIY
NewsJuly 3, 2018 by Kelly Cromley

Chinese Court Accepts Blockchain Evidence In Copyrights Case

The internet court of Hangzhou, China has accepted blockchain data provided by a defendant to prove innocence. The judgment in Chinese language was translated and published on social media by Katherine Wu, head of business development, Messari – an organization which aims to promote smart decision-making and transparency in the cryptocurrency industry by providing open-source data library that helps researchers, regulators and investors get a clear idea of the industry.

Crypto industry watchers believe that the acceptance of blockchain-based evidence by Chinese court has huge implications. The move indicates a radical shift in the approach of the Chinese government towards decentralized ledger technology. The Chinese government still remains hostile towards private blockchain networks that use a custom-built token to transact within their ecosystem.

However, there is a slow, but gradual shift in the approach as China and other governments across the world have realized that it is almost impossible to wipe down cryptocurrencies completely. In fact, China’s Blockchain Research Institute has started publishing the ranking list of private blockchain networks. The EOS (EOS), Ethereum (ETH), and China’s NEO (NEO) occupied the top three ranks.

In the above-discussed Hangzhou case, the defendant was accused of copyright theft. The defendant proved that he did not steal anything by providing evidence from Bitcoin and FACTOM blockchains.

Wu said “The defendant had hashed the relevant data onto the relevant chains & proved by way of timestamp that infringement would’ve been impossible.”

Notably, a phrase in the judgment copy says “We should not reject or impose higher standards simply because it involves new technology.”

The Chinese regulators have confirmed that they will issue “blockchain standards” by 2019.

AuthorKelly Cromley

Kelly is our in house crytpto researcher, delving into the stories which matter from blockchains being used in the real world to new ico coming out.