Although there is still resistance from not a few governments to accept blockchain technology and cryptocurrencies in general, certain situations that are being heard by different courts around the world are beginning to be generated, which leads to the adoption of jurisprudential precedents that are shaping it to the adoption of cryptocurrencies in everyday life, although the best way is for a sensible regulation that allows them and provides a framework of security for all actors in the cryptographic economy.
We have recently commented on cases before the Supreme Court of the US where express mention has been made of the possibility that cryptocurrencies will be a massively accepted and used as means of payment in the future. But is not the only example. In China, very firm country with its own criteria with the issue of the legal adoption of cryptocurrencies due to its harsh regulations on the one hand, and the increasing cryptographic activity that it continues to observe on the other, an interesting judicial precedent occurred and we will comment here.
Specifically, the Hangzhou Internet Court in China ruled that the evidence derived from the blockchain is now admissible in the Chinese courts, to be considered according to the conditions of the case in question. The case whose precedent we discussed was related to accusations of copyright infringement. The plaintiff, who was the winner in the trial, used evidence based on blockchain to prove his case, which was admitted and duly valued by the aforementioned court.
Delving into more details of the case, the plaintiff acted against the defendant by reprinting his work on his own website without his due authorization, so the defendant infringed the plaintiff’s copyright. The reasons why this case of copyright infringement is that the presentation of evidence differs from all previous cases in China, thus establishing a precedent. The plaintiff in this case did not use the traditional notary public that is routinely used in the procedure when he presented the evidence of his copyright infringement before the court of the case. On this occasion the plaintiff used the blockchain deposit technology to prove the case, and won his case.
In its ruling the Court established that the blockchain deposit system stores the information in the blockchain and cannot be manipulated after storage and that, therefore, it is reliable and safe, which are two of the most important aspects of the evidence that was presented. With each node in the blockchain completely preserving the evidence, it remains secure and extremely difficult to manipulate. This type of evidence that does not require a third party to give public faith, such as a Notary, are constituting the perfect type of evidence to admit in a trial.