Legal analysis: Blockchain is a new application mode of distributed data storage, point-to-point transmission, * * * * identification mechanism, encryption algorithm and other computer technologies. It is an important concept of bitcoin. It is essentially a decentralized database, and as the underlying technology of Bitcoin, it is a series of data blocks related by cryptography.

Legal basis: Article 11 of the Provisions on Several Issues Concerning the Trial of Cases by Internet Courts issued by the Supreme People's Court on September 7, 20 18 mentions that "if the electronic data submitted by the parties can be proved to be authentic through electronic signature, trusted timestamp, hash value verification, blockchain and other technical means of obtaining evidence, fixing and tamper-proofing, or through the authentication of electronic evidence collection and storage platform, the Internet court shall confirm it."

The "Regulations" confirmed that the electronic data deposited by blockchain can be used to prove Internet cases, which indicates that the technical means of blockchain deposit in China has been recognized by judicial interpretation.