{"data":{"id":"us-il/205-ilcs-725-5","jurisdiction":"us-il","citation":"205 ILCS 725/5","heading":"Definitions.","body":"As used in this Act:\n\"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.\n\"Blockchain technology\" means computer software or hardware or collections of computer software or hardware, or both, that utilize or enable a blockchain.","path":["CHAPTER 205 FINANCIAL REGULATION","Blockchain Business Development Act ."],"source_url":"https://www.ilga.gov/legislation/ILCS/details?ActID=4014\u0026ChapterID=20\u0026ChapAct=FullText\u0026Print=True","current_through":"at least Public Act 104-790","vintage":"","retrieved_at":"2026-09-15T04:46:29Z","sha256":"c886a3b8d64acc66b876c0d09402b8f644d6a4786c068492fa0608ecabbc742a","source_id":"us-il","stale":false,"prev":"us-il/205-ilcs-725-1","next":"us-il/205-ilcs-725-10"},"notice":"GroundRules: Original legal text. Not legal advice."}