South Carolina’s Senate Passes Resolution to Promote Blockchain Tech Adoption

2020-3-14 22:56

Blockchain’s potential has been formally recognized by the Senate of South Carolina after passing a resolution on this subject. This initiative is expected to set the pace for South Carolina in leading the implementation of emerging tech with a focus on distributed ledgers.

The solutions around blockchain tech are gradually being considered by stakeholders such as legislators looking to create a sustainable ecosystem for digital assets. It is, therefore, no surprise that South Carolina has passed a bill named ‘A Senate Resolution To Acknowledge The Importance Of Emerging Blockchain Technology And To Call Upon The Residents Of South Carolina To Join In Encouraging The Promotion Of Blockchain Technology In Our State’.

This resolution was passed on March 10 coinciding with S.C’s 2020 Blockchain Conference that took place at Hotel Indigo. Notable players in the industry who graced this event include IBM Watson Health CTO, Theodore Tanner, and VeriTX founder, retired U.S. Air Force Col. James Regenor.

What Next for Blockchain Application in South Carolina?

Basically, the bill pushes for swift adoption of blockchain tech given the opportunities that it presents. South Carolina will now advocate for more of its professionals to seek informative knowledge in a bid to advance the state’s blockchain agenda. The bill highlighted S.C’s goal as;

“to become the capital for the real-world application of the emerging technology of blockchain.”

Looking at the broader perspective, the move by South Carolina’s senate is a defining moment for this state in blockchain adoption. Now that innovators have the legislator's blessings, S.C is well placed to capitalize on investments within this sector as they await consolidation from financial watchdogs like the SEC and IRS.

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