Gubernatorial Candidate Desires to Make Colorado a ‘Blockchain Hub’

The Democratic candidate for governor of Colorado, U.S  Consultant Jared Polis, has added a blockchain coverage to the record of problems with his gubernatorial marketing campaign this 12 months, in line with an announcement on Polis’ web site.

Having set a aim to ascertain Colorado as a “nationwide hub for blockchain innovation in enterprise and authorities,” Polis added a set of blockchain-related proposals to his gubernatorial platform on Wednesday, Aug. 8.

In his marketing campaign, Polis advocates for implementing 5 blockchain-related initiatives, similar to creating cybersecurity infrastructure to make sure the integrity of elections, and constructing a statewide ‘secure harbor’ to exempt digital currencies from state cash transmission legal guidelines.

Polis additionally advocates for blockchain-based options within the state’s power grid, the discount of presidency paperwork whereas bettering authorities companies, and conducting a survey on additional blockchain purposes.

Following within the footsteps of Wyoming, which created a brand new class of property in defining cryptocurrency as “Utility Tokens,” Polis says on his web site that he’ll “work to ascertain laws that protects ‘open blockchain tokens’ or cryptocurrencies which are exchangeable for items and companies.”

Another U.S. states have already embraced distributed ledger expertise. In June, Connecticut governor Dannel Malloy signed SB 443 into regulation, which establishes a blockchain working group to review the expertise with a view to make Connecticut “a pacesetter in blockchain expertise.” In March, the  governor of Tennessee signed a invoice recognizing the authorized authority of blockchain and good contracts for digital transactions.

Polis, who’s at present serving within the Home of Representatives, belongs to a small group of crypto advocates on Capitol Hill. The present congressman was instrumental within the founding of the bi-partisan Congressional Blockchain Caucus.

As Cointelegraph reported earlier this week, the chair of the Judiciary Committee of the U.S. Home of Representatives Bob Goodlatte is perhaps the primary member of Congress to reveal that he owns cryptocurrency. Goodlatte reported that he owns between $17,000 and $80,000 in digital forex in his annual Monetary Disclosure Assertion.

You might also like