Washington State Governor Jay Inslee signs a bill into law to expand the state’s adoption of blockchain technology across industrial and financial sectors.
- The law directs the formation of the Washington Blockchain Work Group to examine potential applications for blockchain technology.
- The Work Group will comprise seven government officials and eight leaders of different trade associations across the state.
- Republican Senator Sharon Brown, who initially proposed the bill, stated that Washington state is showing that it is ready to adopt blockchain technology to benefit residents, employers, and workers.
- The bill has struggled to pass through the state’s legislature. The law was first proposed in the Senate in 2019 but was vetoed by the governor in April of 2020.
Washington is the recent among several US states to have adopted blockchain technology or cryptocurrency, including New York, Texas, and Wyoming.
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Source: State of Washington
