Ind. Code § 5-36-1-1 Application of definitions
Sec. 1. The definitions in this chapter apply throughout this article.
As added by P.L.49-2026, SEC.11.
Ind. Code ch. 5-36-1
Ind. Code ch. 5-36-1
in effectInd. Code § 5-36-1-2 "Blockchain"
Sec. 2. "Blockchain" means data that is:
(1) shared across a network to create a ledger of verified transactions or information among network participants; and
(2) linked using cryptography to maintain the integrity of the ledger and to execute other functions;
including data that is distributed among network participants in an automated manner to concurrently update network participants on the state of the ledger and any other functions.
As added by P.L.49-2026, SEC.11.
Ind. Code § 5-36-1-3 "Blockchain protocol"
Sec. 3. "Blockchain protocol" means executable software that:
(1) is governed by a set of predefined rules that:
(A) execute autonomously without human intervention; and
(B) can be altered by a predetermined process;
including predefined rules that use a previously existing blockchain as a base;
(2) facilitates transfer of data and electronic records and allows the data and electronic records to be broadcast to nodes; and
(3) is deployed to a blockchain;
including a smart contract or network of smart contracts.
As added by P.L.49-2026, SEC.11.
Ind. Code § 5-36-1-4 "Digital asset"
Sec. 4. "Digital asset" means:
(1) virtual currency;
(2) cryptocurrency (as defined in IC 2-3.5-2-2.8);
(3) payment stablecoin (as defined in 12 U.S.C. 5901(22));
(4) fungible tokens and nonfungible tokens; and
(5) other assets that:
(A) exist only in electronic form; and
(B) confer economic, proprietary, or access rights or powers.
As added by P.L.49-2026, SEC.11.
Ind. Code § 5-36-1-5 "Digital asset mining"
Sec. 5. "Digital asset mining" means using computing devices to run software that is specifically designed or utilized for the purpose of validating data and securing a blockchain network.
As added by P.L.49-2026, SEC.11.
Ind. Code § 5-36-1-6 "Digital asset mining business"
Sec. 6. "Digital asset mining business" means multiple computing devices at a single location that:
(1) are used to perform digital asset mining; and
(2) consume, in total, an annual average of more than one (1) megawatt of energy in performing digital asset mining.
As added by P.L.49-2026, SEC.11.
Ind. Code § 5-36-1-7 "Hardware wallet"
Sec. 7. "Hardware wallet" means:
(1) a physical device that:
(A) is not continuously connected to the Internet; and
(B) allows an individual to secure and transfer digital assets; or
(2) a physical device that enables the owner of digital assets to retain independent control over the digital assets.
As added by P.L.49-2026, SEC.11.
Ind. Code § 5-36-1-8 "Node"
Sec. 8. "Node" means software:
(1) that:
(A) communicates with other devices or participants on a blockchain to maintain consensus and integrity of the blockchain;
(B) creates and validates blocks of transactions;
(C) contains and updates a copy of a blockchain; or
(D) performs any combination of the functions described in clauses (A) through (D); and
(2) that does not exercise discretion over transactions initiated by the end user of a blockchain protocol.
As added by P.L.49-2026, SEC.11.
Ind. Code § 5-36-1-9 "Private digital asset mining"
Sec. 9. "Private digital asset mining" means digital asset mining:
(1) that is conducted by an individual; and
(2) the individual's conduct of which does not consume an annual average of more than one (1) megawatt of energy.
As added by P.L.49-2026, SEC.11.
Ind. Code § 5-36-1-10 "Public agency"
Sec. 10. "Public agency" means a board, commission, department, division, bureau, committee, agency, office, instrumentality, authority, or other entity exercising any part of the executive, including the administrative, power of the state.
As added by P.L.49-2026, SEC.11.
Ind. Code § 5-36-1-11 "Self-hosted wallet"
Sec. 11. "Self-hosted wallet" means a digital interface used to:
(1) secure and transfer digital assets; and
(2) retain independent control over the digital assets by the owner of the digital assets.
As added by P.L.49-2026, SEC.11.
Ind. Code § 5-36-1-12 "Smart contract"
Sec. 12. "Smart contract" means a computer program that:
(1) is hosted and executed on a blockchain network; and
(2) consists of code specifying predetermined conditions that, when met, trigger predetermined outcomes.
As added by P.L.49-2026, SEC.11.
Ind. Code § 5-36-1-13 "Stake" or "staking"
Sec. 13. "Stake" or "staking" means committing digital assets to a blockchain network to participate in the blockchain network's operations by validating transactions, proposing or attesting to blocks, and securing the blockchain network.
As added by P.L.49-2026, SEC.11.
Ind. Code § 5-36-1-14 "Validate"
Sec. 14. "Validate" means performance of a process by which a blockchain protocol, through its consensus mechanism, confirms the authenticity and accuracy of transactions or other data entries that are then recorded on a blockchain protocol.
As added by P.L.49-2026, SEC.11.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://iga.in.gov/laws/2026/ic/titles/5Fetched: 10/17/2026