205 ILCS 725/1
Short title
Short title. This Act may be cited as the Blockchain Business Development Act. (Source: P.A. 101-259, eff. 6-1-20.)
Illinois Compiled Statutes 205 ILCS 725 — Blockchain Business Development Act .
Illinois · statute · 205 ILCS 725 · 3 active provisions
205 ILCS 725/5
Definitions
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…
205 ILCS 725/15
Blockchain and financial technology promotion
Blockchain and financial technology promotion. The Department of Commerce and Economic Opportunity shall incorporate into one or more of its economic development marketing and business support programs, events, and activities the following topics: (1) opportunities to promote blockchain technology and financial technol…