The new National Code of Civil and Family Procedures, promulgated by the Chamber of Deputies of the Congress of the Mexican Union on June 7, 2023, incorporates and recognizes the possibility of using blockchain technology for legal documents.
For example, in section VII of Article 2 of Chapter I, referring to the General Provisions of the new code, the general concept of block chains is explained in detail, referring to the distinctions between public and private block chains.
In the same section you can see terms such as Metaverse, digitization, virtual diligence, among others; that make a clear reference to the expansion of the capabilities of the new code to establish standardized procedures throughout the Aztec country, in situations such as divorces, birth certificates, public deeds, among others.
The new legal document explicitly states that the information generated or communicated in the chain of blocks or any other technology will be recognized as evidence in the entire debate and the instrument of proceedings.
In the same way, it highlights that the information, electronic documents or data messages contained or stored in a public block chain have full probative value, “provided there are no reliable circumstances that the records linked to the blockchain have been violated or manipulated without authorization”.
The new code is expected to provide the necessary tools to ensure that contracts entered into within its legal framework allow transparency, efficiency and automation of the procedures contemplated in said code.
The information and/or opinions expressed in this article do not necessarily represent the views or editorial line of Cointelegraph. The information presented here should not be taken as financial advice or investment recommendation. All investment and commercial movement involve risks and it is the responsibility of each person to do their due research before making an investment decision.
Keep reading:
Investments in crypto assets are not regulated. They may not be suitable for retail investors and the entire amount invested may be lost. The services or products offered are not directed or accessible to investors in Spain.