205 ILCS 725/5

Current through Public Act 103-1052
Section 205 ILCS 725/5 - Definitions

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.

205 ILCS 725/5

Added by P.A. 101-0259,§ 5, eff. 6/1/2020.