THELOGICALINDIAN - n-a
Colorado may become the aboriginal accompaniment to accept blockchain technology, afterwards legislators in Denver anesthetized a new bill acquainted the amount of agenda ledgers. The Colorado blockchain bill which anesthetized the Accompaniment Senate bygone instructs accompaniment agencies to analyze the abeyant of agenda ledgers for defended almanac befitting and attention arcane data.
Sponsors achievement that, by applying the blockchain technology which underlies Bitcoin and added cryptocurrencies, accompaniment agencies will be able to abate redundancies and inefficiencies while autumn and administration accessible records, as able-bodied as to abate artifice and bigger assure arcane information.
An alteration to the bill additionally prevents bounded governments in Colorado from arty authorization requirements, fees or taxes on the use of blockchain technology.
The account was broadcast in a columnist absolution by Filament, a Reno-based provider of blockchain solutions for the Internet of Things. Filament has additionally formed with legislators in the past, such as back it collaborated with Nevada Senators on a agnate bill in 2017. Nevada Senate Bill 398, which “laid out a acceptable mat” for blockchain tech companies, anesthetized the Nevada assembly absolutely in 2017.
Colorado Blockchain Bill: ‘If you body it, they will come’
“Blockchain technology has an ‘if you body it, they will come’ address and I accept this bill will advice to allure accomplished new industries to the area and to Colorado,” said Republican Senator Kent Lambert, who sponsored the bill in the accompaniment Senate. “We see cogent account for organizations and industries that accept blockchain technology. It will be active in added adorning the state’s able-bodied technology industry, and allotment new startups and innovators.”
“This bill recognizes the all-inclusive befalling of blockchain technology,” said Democratic Senator Angela Williams, who cosponsored the bill. “It will ultimately appearance a bigger approaching for Colorado’s students, entrepreneurs, and government alike.”
The bill, blue-blooded “Cyber Coding Cryptology for State Records,” appropriates $250,000 to Colorado’s Office of Information Technology, with the apprenticeship “to accept and administer broadcast balance technologies in its abstracts systems area feasible.” A $5.1 actor allotment is additionally fabricated to the Department of Higher Education, to animate blockchain analysis and apprenticeship aural their curricula.
The bill anesthetized it’s best contempo vote in the Senate in a vote of 35-0, and the House of Representatives in a vote of 60-5.
However, the two houses will charge to accommodate their adapted versions and accept the Governor’s signature afore it takes acknowledged force. Supporters of the bill say they accept support from the Governor’s office, and apprehend the bill to access law shortly.
If passed, it could accomplish Colorado the aboriginal blockchain-friendly accompaniment government.
