New York Legislature Introduced 4 Blockchain Bills

A New York’s lawmaker has introduced 4 bills to induce researching of possible uses for blockchain by government.

The first bill would to add sections to New York’s technology law which define “blockchain technology” and “smart contract,” as well as provide a legal understanding for digital signatures stored on a blockchain.

The second bill “directs the state board of elections to study and evaluate the use of blockchain technology for protection of voter records and election results,” according to the text.

It gives this study a year to make a research to find out whether a blockchain platform can help to reduce or prevent falsified elections, improve cybersecurity around digital voting platforms and maintain better voter records.

The third bill is for defining whether state government will be able to use blockchain platform to store records and share quick and effective information.

The New York bill would require the task force to hold at least one public hearing during its study, with a final report due later than Jan. 1, 2019.

The final bill is for creating a currency task force define the crypto- currency’s influence on financial markets of New York.