(205 ILCS 725/5)
Sec. 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.
(Source: P.A. 101-259, eff. 6-1-20.) |