Ohio plans to become a hub for blockchain innovation
The US state of Ohio has taken the initiative to position itself at the forefront of blockchain innovation. Lawmakers and academicians in Ohio say that they are interested in the innovation but they are still trying to figure out ways to put this technology into action.
This was revealed at a press conference on August 23. Ohio House of Representatives Speaker Ryan Smith convened a group that included lawmakers, academicians and business owners to discuss the future of blockchain and the state’s intent to become a hub for blockchain innovation.
Smith emphasized the fact that the technology has great potential of revolutionizing the public sector by storing sensitive data of citizens, including birth and death certificates. He also stressed the need for higher education for students in the field of blockchain that would enable them to start their career as soon as they graduated.
However, the press conference on Thursday did not propose any legislation. Ohio Senator Matt Dolan had earlier introduced Senate Bill 300 (SB300) seeking amendments to sections of the Uniform Electronic Transactions Act to include blockchain records and smart contracts as electronic records.
The SB200, which incorporated a few suggestions from SB300, was later approved by the state’s senate in June and signed by Governor John Kasich on August 3. This made Ohio join the bandwagon of states that recognize the legal status of data stored on blockchain.
Other states in the U.S. are also following suit and trying to foster the early adoption of this new technology. Earlier this year, a bill was officially signed into Arizona state law allowing corporations to store and share data using blockchain.
With a growing sense of optimism around the world about this innovation, it is only a matter of time before others also become a part of this growing industry.
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