Ohio State Legislature Introduces Bill to Allow Gov’t to Implement Blockchain Solutions

Published at: April 26, 2019

A new bill introduced on April 24 in the American state of Ohio’s House of Representatives would, if passed, allow the state government and other government entities to implement blockchain solutions in the exercise of their authority.

According to the official website of the Ohio state legislature, the bill, titled House Bill 220, has been sponsored by the Republican Party’s State Representative Rick Carfagna, who represents Ohio’s 68th District in the House.

As Northeast Ohio media agency Cleveland.com reported on April 25, the bill would prospectively legalize government blockchain applications such as recording car titles or hunting licenses online, where they could be accessible by authorized agencies on a secure distributed ledger.

Earlier this week, Ohio Lieutenant Governor Jon Husted and Cuyahoga County Executive Armond Budish had reportedly participated in an event devoted to the cooperation between civic-minded start-ups and government, which included a panel covering the use of blockchain for government purposes.

As previously reported, the state of Ohio has made a bid to position itself at the fore of blockchain and cryptocurrency adoption, becoming the reported first state to accept bitcoin (BTC) for tax payments in November 2018.

This February, Ohio’s state treasurer confirmed that two Ohio businesses had used the crypto tax solution, underscoring that the state itself receives the fiat equivalent from the original crypto payments.

The same month, the County Auditors’ Association of Ohio announced the formation of a working group to study the use of blockchain for the effective transfer of property deeds.

In December 2018, a total of seven Ohio funds pledged to invest over $300 million into blockchain startups through 2021.

Earlier that year, Ohio House of Representatives Speaker Ryan Smith had convened a group of lawmakers, industry and academic figures to discuss positioning the state as a pro-innovation hub for blockchain.

Alongside Ohio, Cleveland.com notes that around ten other states have introduced or passed blockchain and crypto-related legislation, most prolifically Wyoming, as Cointelegraph has reported.

Tags
Related Posts
Major US Health IT Provider HMS Partners With Blockchain Startup Solve.Care
Major health information technology provider for the United States government, HMS Technologies Inc. (HMS) has partnered with blockchain startup Solve.Care. The development was announced in a press release shared with Cointelegraph on April 22. As part of the collaboration, HMS will reportedly integrate Solve.Care’s blockchain platform into their federal health information technology (HIT) initiatives in a bid to reduce government healthcare costs and improve interoperability and accessibility. Bill Kirkpatrick, CEO of HMS, said that the partnership will “enable disparate HIT applications to share secured health data via patient authorized access using unsecured Internet connectivity, improving care coordination while enhancing digital …
Adoption / April 22, 2019
Argentina’s Dep. Finance Minister: Crypto Adoption Could Reduce Demand for US Dollar
Huobi Group CEO Leon Li met with senior Argentinian finance officials this week to discuss the role of blockchain and crypto in the country’s economy, according to a press release shared with Cointelegraph on March 29. In a meeting in Beijing, Argentina’s Deputy Minister of Finance, Felix Martin Soto, claimed that the government should address crypto and blockchain tech as a way to promote Argentina’s financial inclusion and reduce state costs. Soto, who leads Argentina’s international financial relations, explained that half of the country’s population does not have bank accounts and operate cash transactions by converting their savings to United …
Adoption / March 29, 2019
US State of Connecticut Introduces Bill to Authorize Smart Contract Use in Commerce
A committee of the Connecticut state legislature has proposed to authorize the use of smart contracts in commerce in the state, according to official documentation introduced on March 7. The Commerce Committee of the Connecticut General Assembly (CGA) has introduced House Bill 7310, suggesting that blockchain-powered smart contracts may be used in commerce conducted or initiated in the United States state of Connecticut. The committee elaborated that any cryptographic signature or a record secured through distributed ledger technology (DLT) should be considered to be in an electronic form and an electronic record. The CGA Commerce Committee emphasized that no smart …
Adoption / March 8, 2019
UK-Based Industry Group Develops Blockchain Tool to Track Firms' Sustainable Commitments
A U.K.-based industry body for the responsible finance sector revealed plans to introduce a blockchain tool to monitor firms’ sustainable commitments, Reuters reports Wednesday, Oct. 17. The Responsible Finance & Investment (RFI) Foundation is developing a blockchain-powered tool to track companies’ sustainable commitments and to detect those entities who do not comply with their ethical credentials. The new system is expected to enable the industry group to reduce so-called “greenwashing,” a practice that implies firms claiming that they are more ethical or ecologically friendly than they are in fact. The RFI Foundation’s initiative comes as a part of a plan …
Adoption / Oct. 17, 2018
US Senator Hagerty to CFPB Director: Don’t Stifle Crypto Innovation
U.S. Senator Bill Hagerty (R-VA), who was elected in 2020 to represent Tennessee after a stint as Ambassador to Japan, spoke to newly appointed Consumer Financial Protection Bureau Director Rohit Chopra regarding cryptocurrencies in a banking committee hearing, saying “I just want to make certain as you exercise those oversight responsibilities that we don't stifle innovation in this arena.” “Digital ledger technology offers a tremendous amount of promise in terms of financial innovation and inclusion. It’s an industry where I think the United States is leading, has led, and I’d like to see us continue to lead there. Especially when …
Adoption / Oct. 29, 2021