Ohio’s House of Representatives Passes Bill for State Operations to Leverage Blockchain Tech

2020-12-9 16:41

Ohio’s House of Representatives recently passed a blockchain-oriented bill that might allow the use of distributed tech within its state operations, should the legislation eventually achieve law status. The bill states that,

“A governmental entity may utilize distributed ledger technology, including blockchain technology, in the exercise of its authority.”

This piece of legislation dubbed ‘House Bill 220’ had been proposed back in 2019 and is expected to be a game-changer in Ohio’s state operations. Some of the processes that could leverage distributed tech include licensing and car registration.

Unsurprisingly, the bill received an overwhelming 89 yes vote against only 2 nays. It has since been introduced to the Ohio Senate, where it will be voted for again before Governor Mike DeWine (R) signs the proposed bill into law.

Ohio has been one of the crypto active states along with the likes of Wyoming. In fact, the Buckeye state was accepting Bitcoin as a form of tax payment as early as 2018. However, this was halted by the state treasurer last year, citing low activity in crypto-related tax payments.

In May, the state’s lawmakers proposed another blockchain-focused bill that seeks to leverage distributed tech for voting. Sponsored by democrat reps, the bill mostly focuses on enabling military personnel stationed abroad to exercise their voting rights through blockchain and encrypted tech.

The post Ohio’s House of Representatives Passes Bill for State Operations to Leverage Blockchain Tech first appeared on BitcoinExchangeGuide.

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Источник: bitcoinexchangeguide.com

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