Washington State heading towards blockchain tech. As the governor of Washington finally confirmed a bill into law. This new law stated to develop the Washington blockchain Tech Work Group. That can discover all the possibilities to use blockchain for industry and commerce.
This bill was presented first time in 2019 in the senate but unfortunately got rejected by the governor in April 2020.
But today, after three years and one rejection, it finally passed into a new law. The aim is to push the adoption of blockchain technology, so it can be utilized and benefit many financial and industrial sectors.
Also, now this new law directs the development of the Washington blockchain workgroup. So this new workgroup can examine different capable applications for blockchain technology.
The seven government officials and eight leaders of different trades across the Washington state will be part of this upcoming Washington blockchain Work Group.
This Work Group will explore the practical implementation of blockchain technology in Washington state. And also responsible for preparing a report that will be presented to the governor of Washington, Jay Inslee, by Dec. 1, 2023.
However, senator Sharon baron, who took this initiative, gladly stated that. This initiative made clear that Washington is prepared to start working with the private sectors to progress this tech for the advantage of all Washington residents, workers, and employees.
Baron further added that. “This new law is a vital first step in creating an environment welcoming new business prospects, eager to seek out new applications, and willing to identify potential supply-chain management and STEM-education opportunities.”
Final Thoughts:
After passing this senate bill into the new law. It is clear that Washington state is heading towards Blockchain technology, not verbally but practically.
As the senator wants to use blockchain technology in the sectors. Such as computing, real estate transactions, health care, supply chain, higher education, public record-keeping, and much more.
Firstly, this new law aims to develop a Washington Blockchain Work Group. That will seek possibilities for implementing blockchain tech. And then provide an accurate report to the Washington governor.
As well, senator Sharon baron expressed his happiness on this occasion. The event that legally starts the adoption of blockchain tech for the development in Washington. He took this initiative legally years back. And is now finally approved by the authorities.
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