Colorado Passes Bill to Use Blockchain for Records and Cyber Security

Colorado Passes Bill to Use Blockchain for Records and Cyber Security

The Colorado state Senate passed a bill which would utilize blockchain technology in order to store government records and improve their cyber security. This reported on May 7.

Senate Bill (SB) 18-086 requires all Colorado government offices to utilize blockchain encryption techniques in order to protect confidential records from unauthorized access or manipulation.

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The bill states that blockchain offers many solutions regarding the finances and connection of society by securing and detailing transactions performed on the internet while maintaining a high degree of privacy.

Other US states across the country have also reported upcoming bills that will support blockchain technology. For example, Arizona State has been at the forefront of this technology as they signed a bill allowing corporations to hold and share data on blockchain. They were also the first state to pass a bill that allows state residents to pay their taxes with cryptocurrency.

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