Category Archives: Hawaii

Auto Added by WPeMatico

Ohio Joins US State Level Blockchain Goldrush

The US state of Ohio is following other states in showing interest in blockchain technology and how it can be applied to the economy in that state.

At a press conference on August 23, Speaker of the Ohio House Ryan Smith assembled members of the House leadership and Ohio’s general assembly along with representations from the law, business, and academic sectors to discuss possible implementation.

The state is not new to the concept, having passed an amendment to the Uniform Electronic Transactions Act earlier this year adding, “a record or contract that is secured through blockchain technology is considered to be in an electronic form and to be an electronic record,” thus providing a safe harbour for the emerging technology.

Ohio is certainly not the first US state to take this route as Nebraska, Florida, Arizona, Nevada, and Vermont, along with Maine, Hawaii, Illinois, and North Dakota are some of the many US states notably either in the process of presenting bills, enacting legislation or actively utilizing blockchain in state legislation.

Speaker Smith suggested that DLT would have numerous applications in the state and cited common storage requirements such as securing birth certificates and marriage licenses as a simple case in point. His aim is to work with universities so that students are encouraged to become involved in the new technology early on, thus helping them secure work for the future and bring their expertise to the State.

Smith is not the first though, to suggest his or her state as a possible blockchain hub. New York earlier this year set its sights on the same target when the New York City Economic Development Corporation (NYCEDC) announced several initiatives that pursue ambitions of becoming a blockchain technology hub. The state has rather set out its stall for the title given that the NYCED holds the annual New York Blockchain Week there with crypto events all over the city attracting big names in the industry as guest speakers.

However, Smith is optimistic, suggesting, “Because this is so new and this is just beginning to take shape, we can position Ohio out front.”

Time will tell, but the state rush to become a leader in blockchain adoption is very much on.

Follow BitcoinNews.com on Twitter: @BitcoinNewsCom

Telegram Alerts from BitcoinNews.com: https://t.me/bconews

Image Courtesy: Pixabay

The post Ohio Joins US State Level Blockchain Goldrush appeared first on BitcoinNews.com.

Connecticut Joins Growing Number of US Blockchain States as Interest Spreads

Governor Dannel Malloy of Connecticut has signed off on a law that will employ a blockchain working group, in order to further study the technology and how it can be utilized in state legislation.

The new law, SB 443 is a result of a bill which passed through both legislative houses last week tasked with overseeing the expansion of the blockchain industry in the state, according to Cointelegraph.

It’s reported that the governor’s intentions are to make Connecticut  “a leader in blockchain technology.”  The new group’s remit will be to:

“(1) Identify the economic growth and development opportunities presented by blockchain technology; (2) assess the existing blockchain industry in the state; (3) review workforce needs and academic programs required to build blockchain expertise across all relevant industries; and (4) make legislative recommendations that will help promote innovation and economic growth by reducing barriers to and expediting the expansion of the state’s blockchain industry.”

The group must submit its final recommendations to the standing committees of the General Assembly by January 1, 2019, taking into consideration matters relating to commerce, banking, and finance, as well as revenue and bonding.

US states are increasingly beginning to come on board in order to utilize blockchain tech. The state of Arizona has officially signed into law a bill that allows for corporations to hold and share data on a blockchain. First introduced in February by state representative Jeff Weninger, the bill is intended “to open the door for emerging technologies in Arizona”.

In May, the New York state legislature also presented a bill to create a blockchain task force. If created, the New York task force would prepare a report for the governor, the temporary president of the state senate, and the speaker of the assembly by December 2019. Also, Colorado has passed its own bill which will use blockchain for government record keeping and cybersecurity.

As states line up the new technology, Tennessee signed a bill recently that legally recognizes blockchain technology and smart contracts for electronic transactions. The bill also makes a provision that, “protects ownership rights of certain information secured by blockchain technology.”

Nebraska, Florida, Arizona, Nevada, and Vermont, along with Maine, Hawaii, Illinois, and North Dakota are some of the many US states notably either in the process of presenting bills, enacting legislation or actively utilizing blockchain in state legislation.

Follow BitcoinNews.com on Twitter at @BitcoinNewsCom

Telegram Alerts from BitcoinNews.com at https://t.me/bconews

Image Source: Pixabay

 

The post Connecticut Joins Growing Number of US Blockchain States as Interest Spreads appeared first on BitcoinNews.com.