From now on, Chinese internet courts will treat blockchain-authenticated evidence as legally binding.
Such news arrived with the Supreme Peoples 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-recordsThank 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.