Altcoins Talks - Cryptocurrency Forum

Further Discussions => Blockchain Technology => Topic started by: Dociko on October 07, 2020, 07:00:43 AM

Title: US: New bill would legally recognize digital signatures on a blockchain
Post by: Dociko on October 07, 2020, 07:00:43 AM

Congressperson and Blockchain Caucus Co-Chair David Schweikert has advanced a bill to make good on the crypto adage "Code is law."
Rep. David Schweikert, a Republican congressperson from Arizona, has referred a new bill to the House Committee on Energy and Commerce that, if passed, would recognize digital signatures on the blockchain as enforceable by law.

This is particularly important for the enforceability of smart contracts, which automate transactions or other contractual obligations according to binding, pre-specified rules. Smart-contract advocates have long used the adage "Code is law," and the new bill, if approved, could make this a statutory reality.
Details: https://cointelegraph.com/news/us-new-bill-would-legally-recognize-digital-signatures-on-a-blockchain