{"data":{"id":"us-il/205-ilcs-730-5","jurisdiction":"us-il","citation":"205 ILCS 730/5","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\"Cryptographic hash\" means a mathematical algorithm which performs a one-way conversion of input data into output data of a specified size to verify the integrity of the data.\n\"Electronic\" means relating to technology having electrical, digital, magnetic, wireless, optical, electromagnetic, or similar capabilities.\n\"Electronic record\" means a record created, generated, sent, communicated, received, or stored by electronic means, including a blockchain or a smart contract.\n\"Record\" means information that is inscribed on a tangible medium or that is stored in an electronic or other medium and is retrievable in perceivable form.\n\"Smart contract\" means a contract stored as an electronic record which is verified by the use of a blockchain.","path":["CHAPTER 205 FINANCIAL REGULATION","Blockchain Technology Act."],"source_url":"https://www.ilga.gov/legislation/ILCS/details?ActID=4030\u0026ChapterID=20\u0026ChapAct=FullText\u0026Print=True","current_through":"at least Public Act 104-790","vintage":"","retrieved_at":"2026-09-15T04:46:29Z","sha256":"524be26f3d40a3fbfd60ac6f2238481eb0e0e9d5fb63ceac8faa9d7e389f90c3","source_id":"us-il","stale":false,"prev":"us-il/205-ilcs-730-1","next":"us-il/205-ilcs-730-10"},"notice":"GroundRules: Original legal text. Not legal advice."}