Illinois Compiled Statutes 205 ILCS 725/5 – Definitions
Current as of: 2024 | Check for updates
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As used in this Act:
“Blockchain” means an electronic record created by the use of a decentralized method by multiple parties to verify and store a digital record of transactions which is secured by the use of a cryptographic hash of previous transaction information.
“Blockchain technology” means computer software or hardware or collections of computer software or hardware, or both, that utilize or enable a blockchain.
“Blockchain” means an electronic record created by the use of a decentralized method by multiple parties to verify and store a digital record of transactions which is secured by the use of a cryptographic hash of previous transaction information.
“Blockchain technology” means computer software or hardware or collections of computer software or hardware, or both, that utilize or enable a blockchain.