Research On Legal Issues Of Digital Bills Under Block Chain Technology

Traditional paper notes sometimes disrupt the paper market,this is because the paper paper carrier of natural flaws and the lag of the negotiable instrument law in our country.The emergence of block chain technology and its combination with paper,paper market confusion in China can effectively specification.Block chain technology with its decentralized,timestamp,smart contracts,asymmetric encryption and public characteristics,break the traditional intermediary lack of trust in bill circulation,low circulation efficiency,"" air ticket " false ticket ",after an endorsement.The topic of safety and efficiency is inevitable to pay field,compared with the traditional paper notes,block chain under the technology of digital instrument is more able to adapt to the current trend of digital pay,more safe and efficient.In essence,digital instrument is the combination of traditional paper bills and chain block is a new form,it is not belong to the electronic payment,conform to and abide by the current negotiable instrument law,should belong to the category of paper.But due to the digital instrument is under the network technology,digital technology development of new products,which will cause and traditional paper is,between the rule of law,lack of legislation and digital paper block chain technology under the drawbacks of the digital instrument operation rules is not sound,etc,become the culprit for the further development of China’s digital instrument.In urgent need of help to the digital instrument outside of legislation,clear legal concept digital instrument,clear signature rules,improve the digital paper relief and responsibility mechanism,clear digital paper main body and the legal relations.