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  • Mon, Jun 11, 2018 Connecticut US establish a task force to study blockchain technology

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    The United States of America will establish a blockchain task force to determine how the state will develop blockchain technology and benefit from it.

    Dannel Malloy, the governor of Connecticut, formally signed the SB443 Act, confirming that a blockchain task force will be formed to study this emerging and timely process and develop a master plan for the expansion of the state's blockchain industry. It is reported that the bill was submitted to the Connecticut State Court in May this year and has obtained the support of all legislators.

    According to the SB443 Act, the main duties of the Connecticut Blockchain Task Force include:

    1. Identify the economic growth and development opportunities that blockchain technology can bring;

    2. Assess the status of the blockchain industry in Connecticut;

    3, Apple's all related industries have mastered the labor and academic costs required for blockchain technology;

    4. Propose legislative proposals to clear the barriers to the expansion of the blockchain industry in Connecticut and accelerate innovation and economic growth.

    It is reported that the working group consists of at least five blockchain experts, as well as a group of industry representatives who can benefit from blockchain technology and two academic circles. In addition, Catherine Smith, Connecticut’s economic and community development commissioner, or her designated staff, will also join the group.

    At present, the United States has already passed or is considering the adoption of a blockchain working group bill in several states. Of course, the purpose of each state varies. For example, the bill passed by Illinois aims to study how blockchain technology can be used to improve government records preservation and services; the New York state plans to establish a digital currency working group that focuses on regulatory measures; while the state of California plans to The Act requires the Blockchain Working Group to be responsible for formulating rules for government and industry application blockchain technology and make recommendations based on potential uses.