BLOCKCHAIN REGULATIONS

Colorado presented a new bill to adopt Blockchain for data security

Due to the huge amount of the cyberattacks all over the world, a new state bill was introduced to the Colorado Senate. It’s aim is to secure private data from attacks via the blockchain technology.

Senate Bill 086 suggests creating and using a distributed ledger with the help of the blockchain system. This will help to solve the data collection and storage, and create a more secured record.

If the bill passes, the Chief Information Security Officer of Colorado will have to determine the price and advantages of using this technology in different government systems. Moreover, he’ll have to compare the capability of blockchain to traditional computer systems.

The bill also wants to stop the citizens from the necessity to visit state agencies in person each time they need to change their information.

The bill went on:

“Blockchain distributed ledgers provide the capability of openly traceable transactions while maintaining the privacy of each person performing the transactions.”

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blockchain, ICO, bitcoin, ethereum, mining

BLOCKCHAIN REGULATIONS


Colorado presented a new bill to adopt Blockchain for data security

Published by blockchain, ICO, bitcoin, ethereum, mining