---
title: Illinois Becomes the Latest State to Legalize Smart Contracts
description: Illinois joins Vermont and Arizona recognizing contracts created, stored, or verified on virtual blockchain ledgers.
---

[Technology | National Investor Network ](https://www.nationalinvestornetwork.com/technology)

# [Illinois Becomes the Latest State to Legalize Smart Contracts](https://www.nationalinvestornetwork.com/technology/illinois-becomes-the-latest-state-to-legalize-smart-contracts)

 Written by [Samantha Joule Fow](https://www.nationalinvestornetwork.com/technology/author/samantha-joule-fow) | Jan 13, 2020 2:12:51 AM

Illinois joins Vermont and Arizona recognizing contracts created, stored, or verified on [virtual blockchain ledgers.](https://www.coindesk.com/illinois-legalizes-blockchain-contracts)

The state Blockchain Technology Act has approved blockchain contracts for several legal applications and statutorily exempts certain uses from local taxation. The Act officially recognizes blockchain instruments as a legal alternative to paper records. Smart contracts created or maintained on blockchain ledgers are also admissible in Illinois state courts in relevant disputes. 

**The law reads, **“A smart contract, record or signature may not be denied legal effect or enforceability solely because a blockchain was used to create, store or verify the smart contract, record or signature,"

[View full post](https://www.nationalinvestornetwork.com/technology/illinois-becomes-the-latest-state-to-legalize-smart-contracts)

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