Rhode Island bill aims for blockchain growth Business
A new bill has been introduced to the Rhode Island state legislature which would create a new regulatory environment designed to support the growth of the blockchain sector.
Titled the Rhode Island Economic Growth Blockchain Act, the bill was introduced earlier this week by two Republican House representatives, David Place and Blake Filippi.
Among the provisions contained in the new bill are measures to create a regulatory sandbox for startups to innovate with blockchain tech.
“The state of Rhode Island understands that to compete in the twenty-first century economy, Rhode Island must offer one of the best business environments in the United States for blockchain and technology innovators, and should offer a comprehensive regulatory technology sandbox for these innovators to develop the next generation of digital products and services in Rhode Island.”
Hawaii introduces bill for new blockchain working group Tech
A new bill recently introduced to Hawaii’s House of Representatives could pave the way for a state-level blockchain working group, overseen by the local economic development agency.
The partisan Hawaii House Bill 622 was introduced by Democrats to the House, and would require the Hawaii Technology Development Corporation to form the new blockchain working group.
According to the bill, the working group would focus on creating a legal definition for blockchain, as well as advising on recommendations for adopting and implementing blockchain technologies in the state.
The introduction to the bill sets out the view of lawmakers that blockchain technology can be of practical use in a range of public sector functions.